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Commercial Construction Industry Trends: The “Highs” and “Lows” that Shaped 2019

HardHatChat

With the countdown on to 2020 – and the start of a brand-new decade right around the corner – it’s time for our annual look back at the commercial construction industry “highs” and “lows” from 2019. Even as the labor situation improves, it’s being outpaced by a high commercial construction activity level across the country.

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Commercial work boosts construction new orders

Construction Enquirer

Commercial building and civils work helped construction output rise in May despite a continuing drop in the house building sector. But w ork on residential building projects decreased for the sixth month running and at the steepest pace since May 2020. in May, up from 51.1 in April and above the neutral 50.0 ”

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Infrastructure Study Finds Inefficiencies & Opportunities for Design-Build

Construction Business Owner

Travelers, the second-largest writer of United States commercial property casualty insurance and the largest writer of surety bonds in North America, has released the findings of a new infrastructure study that followed 224 heavy civil construction projects from 2004 to 2020. Fri, 01/28/2022 - 08:30.

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3 Ways You Can Generate Better Leads From Your Website

Construction Business Owner

Thu, 07/23/2020 - 15:19. In April 2020, the search term “construction companies” was searched on Google (in the United States) 40,500 times. Commercial general contractors” was searched 1,600 times and “hotel contractors” was searched 140 times. 3 Ways You Can Generate Better Leads From Your Website. Kathy Wells.

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179D Tax Deduction Brought Back to Life thru 2020

Green Building Law Update

This past Friday night while aboard Air Force One the President signed legislation reviving the 179D energy efficient commercial buildings tax deduction, providing an enormous and much needed boost to domestic green building. ENERGY EFFICIENT COMMERCIAL BUILDINGS DEDUCTION. IN GENERAL. EFFECTIVE DATES. ENERGY EFFICIENT HOMES CREDIT. (a)

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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. Average commercial construction costs have increased 4.5 August 2020: 7.6%. August 2020: 7.2M. 2020 to Aug. 2020 to Aug. 2020 to Aug. Nonresidential: -9.5% (July 2020 to July 2021.

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Maryland Enacts New Environmental Laws in 2020

Green Building Law Update

The 440th session of the Maryland General Assembly commenced on January 8, 2020. Despite the abridged session, the legislature acted on 1,664 House bills and 12 resolutions and 1,081 Senate bills and 6 resolutions with 667 bills passing both chambers before they adjourned sine die on March 18, 2020. Mary’s for 90 days).

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