Wed.May 24, 2023

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A New Normal? Why Experts Are Calling Today’s Housing Market an ‘Ice Age'

Pro Builder

A New Normal? Why Experts Are Calling Today’s Housing Market an ‘Ice Age' ldeakins Wed, 05/24/2023 - 10:16 The housing market is going through a deep freeze as elevated interest rates keep sellers on the sidelines and send available housing inventory to new lows Timing is everything in today’s ever-changing housing market, but predicting the best time to buy or sell a home is as dependable as a coin toss, according to Insider.

Housing 52
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Empowering Women in Construction

Viewpoint Construction Technology

Real talk on the challenges women in construction face, growing their careers, and finding success.

professionals

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ConTech Conversations: Why ChatGPT wants contractors to try AI

Construction Dive

OpenAI’s much talked-about language model told Construction Dive that AI is meant to collaborate with contractors, not rob workers of their jobs.

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The Right Immigration Reform Means More Affordable Homes

Pro Builder

The Right Immigration Reform Means More Affordable Homes rbinsacca Wed, 05/24/2023 - 13:00 Let’s get one thing straight: Immigration has always fed the U.S. labor supply. Throughout the history of our country and industry, people from every corner of the globe have fled poverty, violence, and oppression to seek opportunities for a better life in America, with jobs that others were unwilling or unable to perform awaiting them.

NAHB 98
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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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Shawmut unveils NYC office space in latest growth push

Construction Dive

The Boston-based construction management firm identified a number of growth sectors to take advantage of within New York City.

More Trending

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Construction management software BuildOps raises $50M

Construction Dive

The company has drawn the attention of celebrity investors, including former Twitter CEO Dick Costolo and NFL Hall of Famer Joe Montana.

Montana 123
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A Guide to Construction Takeoff Software   

Autodesk Construction Cloud

Ever try to bake a cake without an accurate list of ingredients and their measurements? While you might know you need flour, eggs, and butter, if you forget another crucial ingredient or put in the wrong proportions, you could have a baking disaster on your hand. The same is true for construction projects, only on a much grander scale. A missing “ingredient” can mean lost revenue, ruined relationships, stalled projects, and blown budgets.

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MBA: Multifamily lending to drop 14%

Construction Dive

After bank failures and interest rate hikes, apartment originations could fall to $375 billion.

Banking 120
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Construction Cost Estimating Facts

Job Order Contracting

Construction Cost Estimating Facts Construction Cost Estimating Facts #1 There is no such thing as an “accurate cost estimate” Beware of any so called expert, estimating firm, or vendor using the term. #2 Construction cost estimating is NOT an art. Decades of professional experience in construction cost estimating, knowledge of actual construction process, means, and methods, and business environment acumen lead to becoming a valued construction cost estimating professional.

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Stop Making These Mistakes and Start Scaling Your Specialty Contractor Business

Anything that is built on a poor foundation will soon crumble from the ground up. This is literally the case in the construction stage of projects and it applies just the same during the pre-construction stage. This free eBook is your ultimate guide to scaling your business with customizable software as early as during the bidding stage.

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New York builders group looks to accelerate IIJA funding

Construction Dive

“We’re still sitting on billions of unspent federal dollars,” said Carlo Scissura, CEO and president of the New York Building Congress.

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Poor Construction Estimates – Root Cause

Job Order Contracting

Poor Construction Estimates – Root Cause The are two primary root causes of poor construction cost estimates: Lack of early and ongoing communication between all relevant parties. Failure to use granular, current, and well organized construction cost data specific to the local market. via 4BT.us – Verifiable local market granular construction cost data and support program and estimate management technology.

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How to Get Paid Faster & Sharpen Your Cash Flow Management Skills

Construction Business Owner

Promote to rotator No Rotator Image Status of webinar Archived Thu, 05/25/2023 - 12:00 1 p.m. CDT Even with a strong backlog, not properly managing cash flow can be problematic for a contractor. Slow invoicing, unexpected expenses and late payments from customers can cause serious cash flow issues. Contractors who are disciplined in their management of contracts, billings, collections and report reviews are able to ensure that their business maintains a strong cash position.

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Chicago Transit Authority Shortlists Three Teams For $3.6B Red Line Extension

ENR Construction

CTA's plan calls for its Red Line L train to be extended 5.6 miles into Chicago's Far South Side with four new stations and a storage and maintenance facility.

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The Specialty Contractor's Guide to Job Cost Accounting

Supply chain challenges and rising material costs are forcing specialty contractors to pay more for what they need to complete each job. Following a simple set of principles, this easy-to-follow guide can help you manage job costs, ease the pains of accounting, and run a more profitable businesses. If you are a Specialty Contractor or Self-performing GC, you do not want to miss out on this essential guide!

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WEBINAR: How to Get Paid Faster & Sharpen Your Cash Flow Management Skills

Construction Business Owner

Promote to rotator No Rotator Image Status of webinar Featured Thu, 05/25/2023 - 12:00 1 p.m. CDT Even with a strong backlog, not properly managing cash flow can be problematic for a contractor. Slow invoicing, unexpected expenses and late payments from customers can cause serious cash flow issues. Contractors who are disciplined in their management of contracts, billings, collections and report reviews are able to ensure that their business maintains a strong cash position.

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Enel chooses Oklahoma as home of first US solar panel factory

Construction Dive

The $1 billion-plus factory will be located at the Tulsa Port of Inola, giving it easy access to rail and river transport.

Tulsa 76
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First Two Big US Offshore Wind Projects Ramp Up Construction

ENR Construction

The utility-scale projects—the 800-MW, estimated $3-billion Vineyard Wind project off Massachusetts and the 132-MW, estimated $637-million South Fork project off New York—could begin to generate power this year, their developers say.

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AIA Releases Architecture Billings Index

Construction Superintendent Magazine

Architecture firms reported a modest decrease in April billings. However, there was a slight increase in inquiries into future project activity according to a report released from The American Institute of Architects. The billings score for March decreased from 50.4 in March to 48.5 in April (any score below 50 indicates a decrease in firm billings).

AIA 59
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Report: Optimism for Construction Growth in the Next Year Remains High

Research reveals 96% of respondents are very or fairly optimistic about their organization’s growth prospects for the next year. The InEight Global Capital Projects Outlook also finds over half see digital technology as the greatest growth opportunity. But these are only some of the findings. Don't be kept in the dark when it comes to the future. Read the report today!

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ENR Viewpoint: What Permitting Reform May Not Be Able to Fix

ENR Construction

Calculating the costs of some project delays requires the use of advanced mathematics but the discipline may not have progressed far enough to measure what’s been lost with the suspension of the New England Clean Energy Connect project.

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Buyers Retreat as Mortgage Rates Creep Over 7% Threshold Again

Pro Builder

Buyers Retreat as Mortgage Rates Creep Over 7% Threshold Again ldeakins Wed, 05/24/2023 - 10:38 Mortgage rates rose above 7% again this week, and experts say purchase applications are likely to slow as a result The average rate on a 30-year, fixed mortgage surpassed 7% on Tuesday, sending mortgage applications to purchase a home down 4% for the week and 30% lower than the same week one year ago, CNBC reports.

Debt 52
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EarthCam Adds Safety Monitor Computer Vision to Its Cameras

ENR Construction

Artificial intelligence-enhanced analytics are turning up in almost every aspect of construction, with major inroads in project planning and safety. But what if the recommendations from an AI came from your existing jobsite cameras?

Safety 69
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Neil Burning

Pro Builder

Neil Burning Neil Burning is VP of Construction Codes and Standards for the National Association of Home Builders (NAHB). He oversees the development of NAHB’s comprehensive advocacy and research efforts dealing with residential construction codes and standards development, implementation, and enforcement.

NAHB 52
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Discover 7 Ways to Cut Construction Inefficiencies

Construction sites are often just-barely-controlled chaos. Without clear coordination, you risk everything from clashes to delays, cancellations, and missed deadlines. Get the free eBook & learn how to solve the biggest challenges in construction!

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What Permitting Reform May Not Be Able to Fix

ENR Construction

Calculating the costs of some project delays requires the use of advanced mathematics but the discipline may not have progressed far enough to measure what’s been lost with the suspension of the New England Clean Energy Connect project.

Permits 69
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Designing spaces that promote enrollment

BD+C

Designing spaces that promote enrollment 0 qpurcell Wed, 05/24/2023 - 13:12 Higher Education Alyson Mandeville, Higher Education Practice Leader, argues that colleges and universities need to shift their business model—with the help of designers. Alyson Mandeville, EDAC, WELL AP Higher Education University Buildings Designers Designers / Specifiers / Landscape Architects Interior Architecture In the spring of 2022, the National Student Clearinghouse Research Center dropped a report that reverber

Design 52
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Applied Materials to Build Chip R&D Center Costing Up to $4B

ENR Construction

The tech equipment maker says the amount of its investment in the California project is contingent on the federal funding it receives via the Chips and Science Act.

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The future of work: What to expect in 2023

BD+C

The future of work: What to expect in 2023 0 qpurcell Wed, 05/24/2023 - 13:36 Office Buildings While no one disagrees that the workplace has undergone tectonic changes, it is less clear how to understand these shifts and synthesize them into practical action for the coming year. Jennifer Stukenberg, NCIDQ, LEED AP, WELL AP Office Buildings Headquarters Designers The Changing Built Environment 2022 was certainly a year of surprises, not least of which were the “Great Resignation” and the failure

Office 52
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Learn How to Boost Productivity for Every Project

For construction contractors, productivity is everything. Download this guide to discover how digital production tracking improves project visibility, data collection, and production insights—all in real time.

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Jacobs Settles Worker Health Risk Suits From Big TVA Ash Spill Cleanup

ENR Construction

After years of battle, firm that managed remediation of 2008 TVA power plant coal ash site breach in Tennessee that sent waste over 300 acres and cost about $1 billion, agrees to undisclosed monetary deal with up to 200 workers who had sought many millions.

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This Interactive Map Reveals Home Price Fluctuations in Your Local Market

Pro Builder

This Interactive Map Reveals Home Price Fluctuations in Your Local Market ldeakins Wed, 05/24/2023 - 10:09 How is your local market weathering a 2023 housing correction? This map shows how home prices have changed in every U.S. community over the last year Since the start of the COVID-19 pandemic, the housing market has been marked by extreme volatility, with home prices and mortgage rates creeping to historic highs before cooling in a 2023 correction.

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ENR's 2023 Top 400 Contractors: Uncertainty Looms Over Market

ENR Construction

As economic uncertainty swirls around the Capitol Hill debt limit negotiations, some Top 400 contractors are worried about reaching the limit of their ability to keep projects profitable.