article thumbnail

Non-Residential Construction Market Still Faltering

Job Order Contracting

Nonresidential construction has dropped 25% since 2020, while residential construction has boomed. Overall, however, the construction industry in in recovery. The post Non-Residential Construction Market Still Faltering appeared first on 4BT. Average commercial construction costs have increased 4.5

article thumbnail

Common challenges of residential construction projects

Lets Build

The Association of Professional Builders’ 2022 annual report on the state of residential construction included some alarming findings: Almost one-third of global residential construction projects were delivered late in 2021. Less than half of residential builders understand their fixed expenses per job and per day.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Commercial Construction differs from Residential Construction? [PDF]

The Constructor

Commercial and Residential construction industries are two of the many facets of the construction industry. Both have their unique purpose, mode of.

article thumbnail

3 construction industry trends in 2023

Lets Build

The same issues plaguing the industry last year—labour shortages, supply chain disruptions, high material costs, lower profit margins, etc.—followed Here’s what the top construction industry trends in 2023 look like: 1. More to read: How technology can help you maintain your profit margins at residential projects 2.

article thumbnail

Residential Construction Jobs Almost Entirely Recovered

Pro Builder

Residential Construction Jobs Almost Entirely Recovered. Residential construction employment has nearly entirely recovered from its dramatic drop in March and April, but the same cannot be said for non-residential construction. While total construction industry employment totaled 7.4 cbroderick. Mon, 12/07/2020 - 09:55.

article thumbnail

Wages for Residential Building Workers Are on the Rise

Pro Builder

Wages for Residential Building Workers Are on the Rise. Average hourly earnings for residential building workers rose 6% year-over-year from $27.01 less than those in residential building, respectively. . As a skilled labor shortage persists, more wage growth is likely for industry workers across the board.

article thumbnail

DuPont Debuts Podcast About Residential Building Trends Featuring Industry Leaders

Pro Builder

DuPont Debuts Podcast About Residential Building Trends Featuring Industry Leaders. Building products manufacturer DuPont has released a new education podcast focusing on discussing current and future residential building issues with builders, dealers, and thought leaders. . cbroderick. Mon, 06/14/2021 - 11:51. Read More. .