Tue.Mar 07, 2023

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Federal infrastructure funds begin to flow, mostly to roadwork

Construction Dive

Spending on roadway contracts in 2022 was more than 29 times higher than spending on rail and transit contracts, per American Road & Transportation Builders Association data.

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Housing Sentiment Tumbles Amid Affordability Constraints

Pro Builder

Housing Sentiment Tumbles Amid Affordability Constraints ldeakins Tue, 03/07/2023 - 10:36 Homebuyers and sellers share a similar outlook on the housing market as elevated borrowing costs and house prices prolong a worsening affordability crisis After three consecutive monthly increases, the Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index (HPSI) fell 3.6 points in February to 58.0, nearing the all-time low level recorded in October 2022, Fannie Mae reports.

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‘We’re not going to have one’: AGC economist dismisses a 2023 recession

Construction Dive

A strong U.S. economy should fend off recession concerns this year, said Ken Simonson, chief economist for Associated General Contractors of America.

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Digital Builder Ep 43: The Reality of Construction’s Changing Workforce

Autodesk Construction Cloud

Now is a tremendous time to be working in construction. Collaboration is on the rise. Digitalization continues to make inroads. We’re becoming more eco-friendly. But, like most industries, there are still areas for improvement. In construction, some of the biggest challenges include attracting diverse talent, promoting equitable working conditions, and being more efficient with project delivery.

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Leading the Way in Construction EHS Software

The Verdantix Green Quadrant: EHS Software 2023 is an independent third-party analysis of 23 EHS software vendors (including Intelex) that provides an in-depth look at the technical capabilities, application breadth, innovation focus, and momentum of key environmental, health, and safety management software market players. The guide is essential reading for EHS software benchmarking, especially for understanding unique vendor strengths and capabilities.

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$1.5B airport terminal opens in Kansas City, Missouri

Construction Dive

The sustainable, adaptable facility marks the largest infrastructure project in the city’s history, according to builder Clark Construction.

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From Two Months to Two Weeks: Saint Gobain’s Efficiency Gains with Autodesk’s BIM Collaborate

Autodesk Construction Cloud

For over 300 years Saint Gobain has focused on the design, manufacture and distribution of materials and solutions that have a positive impact on the world around us. The global organisation is aiming to improve wellbeing, quality of life and performance, while caring for the planet. As a complete solutions provider, they deliver end-to-end products for the building of residential, industrial and commercial spaces.

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Here Are the Markets Where Prices Are Expected to Rise—and Fall—in 2023

Pro Builder

Here Are the Markets Where Prices Are Expected to Rise—and Fall—in 2023 ldeakins Tue, 03/07/2023 - 10:15 The U.S. housing market is cooling after a period of hasty homebuying during the COVID-19 pandemic, but some real estate destinations are poised to see strong growth in the year ahead After a two-year housing boom driven by ultra-low mortgage rates and a mid-pandemic Great Migration, a nationwide housing correction is causing home prices to fall, and experts say the housing market may now be

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Building momentum: 2022 in review

The Korte Company

2022 was a year of more. More buildings built than ever before. More square footage delivered. More value to customers. More connections to communities across the country. Looks like America’s only got one gear: Go The post Building momentum: 2022 in review first appeared on The Korte Company.

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As Mortgage Rates Rise, the Share of Million-Dollar Homes Is Falling

Pro Builder

As Mortgage Rates Rise, the Share of Million-Dollar Homes Is Falling ldeakins Tue, 03/07/2023 - 10:25 Million-dollar homes account for a smaller share of the real estate market than they did one year ago as elevated mortgage rates force sellers to slash their asking prices After soaring to 8.6% in June 2022, the total share of million-dollar-plus homes is declining as higher mortgage rates accelerate a market correction.

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Optimize Operational Processes With an Industry-Specific ERP

As the use of Enterprise Resource Planning systems in the construction industry is critical to optimizing operations, it's critical that decision makers conduct a thorough software evaluation to find the one that best aligns to their needs.

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Massachusetts City Agrees to Sewage Plant Upgrade in EPA Pact

ENR Construction

Project will cost $100M to $150M, officials estimate.

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The US Homeownership Rate Is Increasing, but Along With It, a Racial Gap Is Widening

Pro Builder

The US Homeownership Rate Is Increasing, but Along With It, a Racial Gap Is Widening ldeakins Tue, 03/07/2023 - 10:31 The homeownership gap between Black Americans and any other racial group is at its widest point in a decade The homeownership rate has gradually increased over the last decade, but according to a recent report from the National Association of Realtors, people of color still face the most significant homebuying challenges during and after their home purchase.

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Chinese JV Awarded Final Section of $2.2B Tanzania Rail Project

ENR Construction

China Civil Engineering Construction Corp. and China Railway Construction Corp. won a second contract in under three years to build the sixth phase and final portion of 2,561-km railway line in East Africa.