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Elevated home prices and an ongoing inventory shortage have caused many households to rent instead of purchasing a home. With this in mind, apartment tracking platform RentCafe rounded up the most popular renter markets in the first half of 2024. In general, the list shows a trend toward more affordable cities, with Minneapolis in the top spot, followed by Overland Park, Kan.
“We hear directly from our customers just how emotional the moving process can be,” says Kerry Melcher, head of real estate at Opendoor, a company that buys and sells homes online.To get a better understanding of the emotions involved, Opendoor commissioned a survey, conducted in late 2023, of over 2,000 US adults who had bought or sold homes (or had begun to do so) within the previous year.
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 This guide details how industry leaders are replacing outdated budgeting with incremental funding, adopting regional procurement, and using digital tools for real-time financial oversight.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.
Lot values for single-family speculative homes are continuing to climb, hitting a new peak in 2023. According to the National Association of Home Builders’ Eye On Housing blog, the median lot value for speculative homes in the U.S. at the start of 2023 was $58,000. At the same time, there has been a significant shift toward smaller lot sizes in recent years.
Costs have risen on the main civils works of HS2 in the south of England. Skanska revealed in a stock market statement on Friday that it is set to receive an extra £50m for its role on the southern section of the megaproject after agreeing… The post HS2: costs rise on phase one works appeared first on Construction News.
The final legal appeal against the A303 Stonehenge Tunnel enters court today, 15 July, as the expenditure on the project has been revealed as £166M despite main work not having commenced. The post Stonhehenge Tunnel | Final legal battle starts as expenditure to date tops £160M appeared first on New Civil Engineer.
Uniting over a dozen services in one convenient location in the heart of Philadelphia Jefferson Health recently opened the Honickman Center, now home to over a dozen specialty practices previously scattered throughout 10 buildings. Stantec , a global integrated design firm, served as the architect of record for fit-out of the building. Stantec partnered with Ennead Architects , the core and shell architect, to help plan the facility for its intended ambulatory care use.
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.
Housing affordability remains a top concern for prospective buyers, but some states still offer obtainable home prices. Redfin, a real estate data platform, put together a list of the cheapest states to buy a home in the current housing market. The most affordable state was Iowa, with a median sale price of $240,500, followed by Oklahoma and Ohio, which have median sales prices of $251,400 and $259,100, respectively.
WSP serving as engineer of record for Maryland’s David F. Bone Equipment Maintenance and Transit Operation Center; first on the East Coast to produce on-site green hydrogen energy. DERWOOD, MARYLAND — Work is underway on the landmark David F. Bone Equipment Maintenance and Transit Operation Center (EMTOC) that will feature electric bus charging and on-site green hydrogen production powered by solar and battery energy storage.
Rheem, an Atlanta-based heating and air conditioning manufacturer, is aiding in Habitat for Humanity’s mission to build more housing with a recent $10,000 donation. According to Rheem, employees embarked on a health and wellness journey in which they logged their walking, biking, and running miles. The 14,512 miles—shared between 130 employees—were than converted into dollars, allowing Rheem to achieve its donation goal.
By: Ralph Hage Tucked away in a scenic Mediterranean coastal town, a historic Lebanese house pediment was recently saved from ruin. The structure, consisting of a pediment supported by five arches, was falling apart after years of abandonment. In fact, the only feature holding the structure together were crawling plants that had intertwined themselves throughout the columns and pediment.
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.
A contractor working on the F-35A RAF Lakenheath construction programme for the Ministry of Defence, could face court proceedings and an unlimited fine after breaching planning permission.
Today, 15 July, is World Youth Skills Day, which highlights the importance of equipping young people with the right skills for employment to enable them to succeed in their careers. The post World Youth Skills Day: Key role of pre-apprenticeships in building next generation of engineers appeared first on New Civil Engineer.
Property developer Ballymore has submitted an outline planning application to demolish Edgware’s Broadwalk Shopping Centre, bus station and garage and put up more than 3,000 new homes.
Network Rail and its contractor Kier have indefinitely delayed the replacement of the railway bridge over Botley Road as part of the £161M Oxford station upgrade to the complexity of rerouting utilities. The post Bridge replacement at Oxford station indefinitely delayed due to complex mains rerouting 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.
The M25 was reopened seven hours ahead of schedule last night, 14 July, following its third full weekend closure as part of the £317M junction 10 upgrade in Surrey. The post M25 reopens early again following installation of junction 10 bridge as part of £317M upgrade appeared first on New Civil Engineer.
Transport Scotland has awarded a £5.5M ground investigation contract for its plans to improve the resilience of the A83 Rest and Be Thankful to Structural Soils. The post A83 Rest and Be Thankful £5.5M ground investigation contract awarded appeared first on New Civil Engineer.
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.
Surgery can be stressful for anyone, but for the construction pros in recovery, it's even more so. With knowledge and support, a different experience is possible today.
Innovators have been invited to submit proposals which could enhance energy security and promote the secure and trustworthy operation of critical infrastructure by Nato’s Defence Innovation Accelerator for the North Atlantic (Diana). The post Start-ups and SME innovations sought by Nato and MoD to protect critical infrastructure appeared first on New Civil Engineer.
Fulton Hogan’s STEM program aims to provide a problem-based learning model, enabling students to apply their knowledge and interests to a real-life application (pictured: Georgia Perry, Project Manager – Utilities at Fulton Hogan). Images: Fulton Hogan. Fulton Hogan’s STEM educational program is enlightening the next generation, encouraging them to make the most of what the infrastructure and utility sectors have to offer.
Hitachi Rail and British SMR CrossTech are trialling an artificial intelligence (AI) powered computer vision tool on the East Coast Main Line to provide real-time automated detection of overhanging trees, leaves, and landslips. The post AI-powered forward-facing CCTV detects vegetation and landslips on East Coast Main Line appeared first on New Civil Engineer.
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.
Construction Consulting Services: Unlocking the Potential of Global Consulting Firms Discover the essential construction consulting services offered by global firms, including project management, cost estimation, risk management, and sustainability consulting, to ensure your project's success. The post Construction Consulting Services: Unlocking the Potential of Global Consulting Firms appeared first on ConstructionPlacements.
High Speed 2 (HS2) main works contractor Skanska Costain Strabag joint venture (SCS) has been allocated an additional £150M for its work to design and build the project’s London tunnels. The post HS2 Ltd pays additional £150M to Skanska Costain Strabag for London tunnels appeared first on New Civil Engineer.
The leading provider of AECO information management software announces the industry’s first solution for seamlessly moving project discussion and decision-making into BIM environment BOSTON — Newforma , the leader in information management software, announces the world’s first integration of email communication directly with the buildingSMART International openBIM format, an open international process supporting accessible, sustainable collaboration for all project participants.
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