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Investor activity in the U.S. housing market is stabilizing after several years of fluctuations. In Q2 2024, investor purchases of homes rose by 3.4% year-over-year, marking the largest increase since Q2 2022. According to real estate data tracker Redfin, investors bought $43 billion worth of homes during this period, marking the biggest gain in two years.
The NBA arena built by an AECOM Hunt-Turner joint venture in Inglewood, California, hosted its inaugural concert this month, although with some technical difficulties.
For more than three decades, The New York State Department of Transportation has had an established partnership with WSP for transportation management services. NEW YORK — Under contract with New York State Department of Transportation (NYSDOT), WSP recently began operating the state’s Region 11 Transportation Management Center (TMC), which monitors conditions on state-owned roadways in the Bronx, Queens, Kings, New York and Richmond counties.
Construction companies face shifting labor markets, volatile material pricing, and global supply chain disruptions that threaten profitability. This guide details how industry leaders are replacing outdated budgeting with incremental funding, adopting regional procurement, and using digital tools for real-time financial oversight. Learn how to deploy workforce agility, connected jobsite monitoring, automated procurement, and cost simulation models to preserve margin stability.
Firm provided services over three phases of Central Florida’s first commuter rail system LAKE MARY, Fla. – HNTB joins the Florida Department of Transportation in celebrating the completion of the SunRail program , a 61-mile commuter rail project serving the Greater Orlando area from Poinciana to DeLand. HNTB provided preliminary design and construction engineering inspection (CEI) in all three phases of the program starting in 2011.
The housing market is moving into a neutral position, offering a more balanced environment for both buyers and sellers. According to a report from real estate marketing platform Zillow, July 2024 marked the first time the housing market has been in a neutral position since December 2023. This is due to a recent slowdown in competition causing homes to sit on the market for longer.
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
By: Rich MacGregor, Technical Writer The growing trend towards above ground pump stations is transforming wastewater collection systems, empowering operators to rise above the challenges of conventional submersible pumps. It’s common sense that relocating pumps above ground, away from constant exposure to corrosive and hazardous sewage, safeguards the mechanical and electrical components of the pumps, as well as the workers who handle them.
The construction of homes in age-restricted communities has rebounded since the pandemic, but year-over-year growth is still down. In 2023, about 49,000 homes (30,000 single-family and 19,000 multifamily) were built in these communities out of the nearly 1.42 million homes started that year, according to the National Association of Home Builders' Eye On Housing blog.
Risk management in construction faces pressure from tighter margins, compressed timelines, and increasing complexity. This guide shows how AI strengthens project stability by predicting risks across cost, schedule, safety, supply chains, and workforce planning. AI algorithms analyze procurement data, subcontractor bids, equipment performance, and site conditions to identify potential disruptions.
In the past several years, the housing market has seen a growing trend emerge in the form of dual income buyers with no kids, commonly referred to as “DINKs.” However, according to real estate marketing platform Realtor.com, single income, no kids (SINK) buyers also make up a significant portion of the U.S. housing market. Women are leading the trend in single-person homeownership, comprising 19% of all homebuyers in 2023 and owning about 20.3 million homes overall.
North Lanarkshire Council has appointed AtkinsRéalis to complete the Stage 3 design of the £185M East Airdrie Link Road. The post AtkinsRéalis appointed to complete design for £185M East Airdrie Link Road in Scotland appeared first on New Civil Engineer.
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Mid Devon District Council has expressed its disappointment at the government’s recent decision to withdraw funding for the reopening of two new train stations that were due to be funded under the Restoring Your Railway fund. The post Mid Devon District Council disappointed at government’s decision to withdraw funding for two new stations appeared first on New Civil Engineer.
Neom, the Saudi Arabian government-led giga-project, has held an inaugural awards ceremony recognising its business partners’ “outstanding contributions” to social responsibility, but hasn't named them. The post Neom omits to name companies recognised at social responsibility awards appeared first on New Civil Engineer.
How 5G Technology is Transforming Construction Site Connectivity and Operations 5G technology is set to revolutionize construction sites by enhancing connectivity, enabling advanced technologies like IoT, AR, and AI, and driving operational efficiency. Explore how this next-generation network is reshaping the industry, reducing downtime, and paving the way for smarter, safer construction practices.
CONSTRUCT™ by CMiC delivers structured project management built for the realities of construction. It brings together RFIs, submittals, drawings, and punch lists in a connected environment that prevents gaps in communication and documentation. Risk is managed in real-time with issue tracking, automated compliance checks, and daily journals that surface hidden patterns.
SAMI, John Holland and State Asphalts NSW worked together to reach a sustainable outcome for major construction works. Image: State Asphalts. SAMI Bitumen Technologies and State Asphalts NSW are supporting John Holland to trial a new sustainable asphalt on a major project in south-west Sydney. We speak to representatives from all three on how this project could be used as the new standard for sustainable material use.
HVAC Technician Job Description: Skills, Responsibilities, and Career Outlook Explore the essential job description of an HVAC technician, including key responsibilities, required skills, career opportunities, and global salary insights. The post HVAC Technician Job Description: Skills, Responsibilities, and Career Outlook appeared first on ConstructionPlacements.
Prehistoric artefacts dating back to at least 3000 BC have been found during early works for a new prison in Inverness. The post Iron and Bronze Age settlement found during early works at Highlands prison appeared first on New Civil Engineer.
Harnessing AI to revolutionize architectural design and creativity 0 qpurcell Mon, 08/19/2024 - 10:35 AEC Tech Architects are wondering if AI will replace us. For Vessel, the gains offset the fear. We believe there is wisdom in the unattributed quote, “You won’t lose your job to AI. You will lose your job to someone using AI.” Peter Schwartz, AIA, NCARB, LEED AP, and Brian Van Winkle, AIA NCARB Designers Architects AEC Tech Architects are wondering if AI will replace us.
Grow Leads & Visibility! Contractors need more than word-of-mouth. A strong website boosts visibility, draws in leads, showcases skills, and enhances your credibility. Learn how a quality site, that is easy to manage, can set you apart from the competition, and help can take your construction business to the next level. Marketpath is a leading provider of high-quality website solutions tailored for contractors and the construction industry.
Photo-realistic images of the revamped Darlington station made by Aecom have been revealed by Network Rail, offering a glimpse into the £140M project due to be completed by 2025. The post Network Rail unveils Aecom images of £140M Darlington station regeneration appeared first on New Civil Engineer.
Image courtesy of the New South Wales Government. The doors have officially opened on the $21.6 billion city section of the Sydney Metro project. The driverless section of the M1 Line includes an additional 15.5-kilometres of metro and has six new underground stations, including at North Sydney, Barangaroo and Martin Place, as well as new platforms at Central and Sydenham.
Network Rail is assessing what further work needs to be carried out at the Blackheath rail tunnel in south London after a 10-week shutdown. The post Network Rail assesses 19th century Blackheath tunnel for further repairs appeared first on New Civil Engineer.
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