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2023 industry recession to be deeper than first forecast

Construction Enquirer

this year after economists at the Construction Products Association sharply downgraded forecasts for the second time. Falling private new housing combined with recent government delays to major infrastructure projects has prompted the spring forecast downgrade from a previously forecast 4.7% fall in output. in 2023 and 1.2%

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How a Housing Shortage and High Prices Are Hurting the Middle Class

Pro Builder

Home prices are quickly exceeding home buyer budgets as limited inventory pushes affordability further out of reach. Otherwise, the wealth gap between middle-income and upper-income households may grow even further.”.

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Construction Cost Codes: Everything You Need to Know

Autodesk Construction Cloud

In 2020, the value of commercial construction amounted to approximately $5.8 A key piece is having the ability to see and compare how much specific items or tasks cost so you can correctly forecast and manage cash flow. . Firms can analyze these costs to improve future estimating, budgeting, and forecasting on similar projects. .

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30+ Construction Industry Statistics for EMEA

Autodesk Construction Cloud

Industry trends, both near and farsighted, are likely to impact your approach to preconstruction, technology investments, sustainability, risk analysis, workforce planning, budgeting, operational efficiency, and the list goes on. These data points portray the current state of affairs while also forecasting what’s to come.

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The Year of Catalytic Disruption

Pro Builder

Thu, 08/06/2020 - 13:16. Plus, industry experts and media pundits alike were abuzz with forecasts of another banner year in 2020. . Then, out of left field, came March 2020. Catalytic Disruption as COVID-19 Becomes a Mainstay of 2020. The Year of Catalytic Disruption. cbroderick. Lennon, Lincoln, and Leadership.

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The smartest ceiling in education

Construction Specifier

From libraries to sprawling university athletic centers, facilities run the gambit in terms of size, budget, and complexity. According to the 2020 Fails Management Institute (FMI) U.S. and Canada Construction Forecast, education is expected to grow by two percent for 2020 alone, rising to three percent for 2021, 2022, and 2023.

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McKinstry Paves the Way for Smoother Tech Adoption in Construction

Autodesk Construction Cloud

There are plenty of reasons behind this, though the most common ones are largely related to budget and staff. . In a 2020 study by JBKnowledge , respondents were asked what they considered is the top limiting factor in trying and/or adopting new technology at their firms. Inability to forecast effectively.