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Non-Residential Construction Market Still Faltering

Job Order Contracting

Nonresidential construction has dropped 25% since 2020, while residential construction has boomed. Unemployment rate: August 2021: 4.6%. Total employment: August 2021: 7.4M. Nonresidential: -9.5% (July 2020 to July 2021. Nonresidential: -9.5% (July 2020 to July 2021. August 2020: 7.6%. August 2020: 7.2M.

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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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Construction Prices Continue Rise – March 2021

Job Order Contracting

One a year to year basis, cost for non-residential construction are up 12%. The post Construction Prices Continue Rise – March 2021 appeared first on 4BT. Bureau of Labor Statistics). Lumber prices have shown one of the highest surges, going up as much as almost 80%+ versus last year, and over 5% in March alone.

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Women in Residential Construction 2021 - Live Connected

Pro Builder

Women in Residential Construction 2021 - Live Connected. Mon, 09/20/2021 - 14:05.

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Residential Construction Inputs Continue to Rise at the End of 2021

Pro Builder

Residential Construction Inputs Continue to Rise at the End of 2021. Mon, 12/20/2021 - 10:23. The November PPI report shows record increases for some residential construction goods. increase in prices of goods used in residential construction during the month of November. after steady gains over the past 12 months.

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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 less than those in residential building, respectively. . Tue, 04/05/2022 - 10:32. Hourly wages for skilled workers rose to $28.66 Construction.

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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.