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Common challenges of residential construction projects

Lets Build

The Association of Professional Builders’ 2022 annual report on the state of residential construction included some alarming findings: Almost one-third of global residential construction projects were delivered late in 2021. Less than half of residential builders understand their fixed expenses per job and per day.

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As the Housing Market Weakens, Residential Wage Growth Is Slowing

Pro Builder

As the Housing Market Weakens, Residential Wage Growth Is Slowing ldeakins Tue, 04/11/2023 - 11:39 Average hourly earnings for residential building workers are slowing as the housing market enters into correction mode Average hourly earnings for residential building workers are rising, but at a slower pace as hiring cools in a weakening economy.

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Adaptive reuse: 5 benefits of office-to-residential conversions

BD+C

Adaptive reuse: 5 benefits of office-to-residential conversions FitzGerald completed renovations on Millennium on LaSalle, a 14-story building in the heart of Chicago’s Loop. Originally built in 1902, the former office building now comprises 211 apartment units and marks LaSalle Street’s first complete office-to-residential conversion.

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Wages for Residential Building Workers Are on the Rise

Pro Builder

Wages for Residential Building Workers Are on the Rise. Average hourly earnings for residential building workers rose 6% year-over-year from $27.01 in February 2021 to $28.66 in 2022, NAHB Eye on Housing reports. less than those in residential building, respectively. . Tue, 04/05/2022 - 10:32. Construction.

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Remodeling Expenditures See Strong Growth in 2021

Pro Builder

Remodeling Expenditures See Strong Growth in 2021. Fri, 10/22/2021 - 09:56. A surge in home remodeling activity is causing an increase in maintenance and home improvement expenditures benefitting the residential construction industry. . Remodeling projects are picking up speed across the U.S.

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Marketing Tips for Women in Residential Construction

Pro Builder

Marketing Tips for Women in Residential Construction. Wed, 11/03/2021 - 10:22. Following the 2021 Women in Residential Construction Conference, Daryl Patterson, President of Housing Design Matters, shares her top marketing tools for fellow females buying, selling, or designing houses in an active market.

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Wage Growth Is Slowing for Residential Building Workers

Pro Builder

Wage Growth Is Slowing for Residential Building Workers. After steady gains since the start of the COVID-19 pandemic, residential building worker wages are slowing in the first month of 2023. Average hourly earnings (AHE) for residential building workers rose 2.8% in November 2021. Tue, 01/10/2023 - 12:23.