Wed.Jan 04, 2023

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Pros and Cons of Buying a Home During a Recession

Pro Builder

Pros and Cons of Buying a Home During a Recession ldeakins Wed, 01/04/2023 - 10:27 According to some housing experts, an economic recession may actually give budget-conscious homebuyers more leverage in the for-sale market Though fears of a 2023 recession are causing some prospective homebuyers to hold off on home purchases, today’s economic landscape may actually provide a smoother path to homeownership for buyers in some rapidly cooling markets.

Income 98
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First Shortlist Selected in $7B Hydrogen Hub Funding Competition

ENR Construction

U.S. Energy Dept. picks 33 hub proposals out of 79 submitted that it says are the strongest candidates for federal development, but did not yet release names nor plan details. .

Plans 85
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5 Trends Influencing Luxury Home Purchases in 2023

Pro Builder

5 Trends Influencing Luxury Home Purchases in 2023 ldeakins Wed, 01/04/2023 - 10:34 Like all other real estate sectors, the luxury market is adjusting to a nationwide housing correction in 2023 Higher mortgage rates, waning supply, and still-high home prices are forcing homebuyers to reconsider their purchasing plans, and even those in the luxury market aren’t immune to the consequences of a housing correction.

Housing 89
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Construction Firms Look to Public Sector Demand in 2023; 69% of Firms Plan to Hire, Says AGC

Construction Superintendent Magazine

A new industry outlook survey from The Associated General Contractors of America and Sage shows contractors expect infrastructure and other public-sector funding will help as growth slows for many types of private construction. Labor shortages and supply chain issues persist. Construction contractors are less optimistic about many private-sector segments than they were a year ago, but their expectations for the public sector market have remained relatively bullish.

AGC 52
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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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Conforming Loan Limits Top $1 Million in High-Cost Markets

Pro Builder

Conforming Loan Limits Top $1 Million in High-Cost Markets ldeakins Wed, 01/04/2023 - 10:41 For the first time on record, the baseline conforming loan limit in high-cost areas has surpassed $1 million, meaning that fewer homes will require a jumbo loan in the year ahead The Federal Housing Finance Agency (FHFA) recently increased its conforming loan limits to $1,089,300 in some high-cost markets, allowing 2 million households across the country to access additional available inventory that won’t

Metro 52

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Mortgage Demand Plunged at the Close of 2022 as Interest Rates Inched Higher

Pro Builder

Mortgage Demand Plunged at the Close of 2022 as Interest Rates Inched Higher ldeakins Wed, 01/04/2023 - 10:46 Mortgage application volume posted a double-digit decline during the last week of 2022 as interest rates climbed toward 7% after falling two weeks prior Mortgage application volume dropped 13.2% at the end of last week from two weeks prior as the average contract interest rate for 30-year fixed-rate mortgages with conforming balances of $647,200 or less rose from 6.34% to 6.58%, accordin

Finance 52
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FirstEnergy Fined $3.9M in Scandal Involving Nuke Plant

ENR Construction

FirstEnergy admits it violated the Federal Energy Regulatory Commission’s Duty of Candor rule.

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3 Trends Impacting AP Departments in 2023

Construction Business Owner

3 Trends Impacting AP Departments in 2023. How your company can plan for the future. sdempsey. Wed, 01/04/2023 - 11:11. What does 2023 hold for accounts payable (AP) departments in the construction industry? More and more middle market companies are looking for ways to streamline processes and manage high volumes of invoices and payments as they continue to face industry challenges.

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US DOT Awards $2.1B from IIJA for Major Bridge Projects

ENR Construction

Awards are the first of the IIJA bridge program's large project grants to go out.

DOT 74
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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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Electrical Component Shortage Requires Action

Pro Builder

Electrical Component Shortage Requires Action ibush Wed, 01/04/2023 - 10:27 NAHB Housing Policy Briefing | Ongoing supply chain shortage of transformers and other electrical switch gear is becoming a crisis; AD&C credit continues to tighten National Association of Home Builders Since late 2021, the National Association of Home Builders (NAHB) has taken the lead in sounding the alarm about a shortage of transformers and other electrical switch gear that’s fast becoming a crisis, causing construc

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Federal Spend Keeps Contractors Optimistic for 2023 Growth, Says AGC

ENR Construction

An annual outlook released by the Associated General Contractors of America shows construction firms are bullish on growth in most sectors, but not retail, office and lodging.

AGC 48
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Supply Chain Snarls Aren't Going Away. So Do Something About Them.

ENR Construction

A commentary that urges contractors not to be passive in the face of supply chain problems.

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Federal Spending Keeps Contractors Optimistic for Growth in 2023, Says AGC

ENR Construction

An annual outlook released by the Associated General Contractors of America shows construction firms anticipate project value will continue to grow in most sectors.

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The Ultimate Procurement Software Buyer’s Guide

Choosing the right procurement software is a crucial step in ensuring third-party risk management, process governance, and bidding efficiency. With so many procurement solutions to choose from, it can be overwhelming without a frame of reference and a solid starting point. This free buyer’s guide will cover: Benefits of Procurement Software –– Why do you need it?

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Supply Chain Snarls Aren't Going Away. Do Something About Them.

ENR Construction

A commentary that urges contractors not to be passive in the face of supply chain problems.