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As mortgage rates begin to come back down, both fixed-rate mortgage and refinancing applications are on the rise. According to the Mortgage Bankers Association, mortgage applications rose by 14.2% in the week ending Sept. 13, 2024. Refinancing applications also increased by 24% from the previous week and were 127% higher than at the same time last year.
The Transport Action Network (TAN) has demanded the Department for Transport (DfT) cancel £15bn worth of upcoming road schemes tabled by the previous Conservative government, including the £9bn Lower Thames Crossing. The post Transport Action Network demands DfT cancel £15bn worth of ‘unaffordable’ Conservative road schemes appeared first on New Civil Engineer.
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 This guide details how industry leaders are replacing outdated budgeting with incremental funding, adopting regional procurement, and using digital tools for real-time financial oversight.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.
BREA, CA —In Stockholm, home to Northern Europe’s largest urban rail network, commuter ferries and buses complement its extensive rail service, forming a seamlessly integrated city transport network. With 480 routes and 5,000 stops, Stockholm’s bus system strategically links urban mainline, suburban mainline, non-mainline routes, community service buses, and night buses.
The Justice Department alleged negligence by Dali’s owner and manager in court documents filed Wednesday, and said it intends to seek additional punitive damages.
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The Justice Department alleged negligence by Dali’s owner and manager in court documents filed Wednesday, and said it intends to seek additional punitive damages.
Visit booth 4155 for pump solutions for lithium-ion battery production Watson-Marlow Fluid Technology Solutions (WMFTS) highlights its range of pumps ideal for a variety of manufacturing processes used in producing lithium-ion batteries at the 2024 Battery Show. The show will take place October 7-10 at Huntington Place in Detroit, Michigan. Visit the WMFTS stand to learn how Bredel hose pumps , Qdos chemical metering pumps , and Aflex hoses can bring benefits to customers in the battery technolo
In a positive sign for the housing market, housing starts were up month-over-month in August. According to the Calculated Risk blog, the seasonally adjusted annual rate of privately owned housing starts reached 1.36 million, which is a 9.6% increase from July and a 3.9% increase when compared with the same time last year. For single-family homes, housing starts were at 992,000, up 15.8% from July.
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.
While many industry professionals agree that manufactured housing could be a helpful tool in alleviating the nationwide housing shortage, there are still a number of obstacles to its broader adoption. To understand what challenges face this sector of the housing market, Multi-Housing News spoke with Lesli Gooch, CEO of the Manufactured Housing Institute, a trade organization that represents all segments of the factory-built housing industry.
Marking the first rate cut in over four years, the Federal Reserve cut its benchmark interest rate by half a percentage point, according to AP News. This shift comes after more than two years of high rates aimed at controlling inflation. The Fed's key rate now stands at around 4.8%, down from 5.3%. At the same time, inflation has dropped from its 9.1% peak in mid-2022 to 2.5% as of August—not far off from the Fed’s 2% target.
It’s almost a year since the Birmingham-Manchester section of High Speed 2 was cancelled. The decision left a gap in the UK’s transport network and raised questions about the country’s ability to deliver major infrastructure projects. The post The HS2 northern leg decision shows why clear strategic thinking is vital appeared first on New Civil Engineer.
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.
Carbon Limit has introduced CoolCrete™, a concrete additive designed to address the escalating urban heat crisis while reducing the carbon footprint of concrete production. The post CoolCrete™ Tackles Urban Heat and Carbon Emissions appeared first on AEC Business.
The company building Hinkley Point C has been told by the Information Commissioner's Office (ICO) that it must comply with Environmental Information Regulations (EIR), following a challenge by Fish Legal. The post Company behind Hinkley Point C pulled up on environmental transparency 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.
Image courtesy of TRT. This material has been supplied by TRT When it comes to heavy lifting, our TIDD Cranes are in a league of their own. See them handle a 44T plus tank with incredible dual lift power, a testament to their engineering excellence and reliability. Image courtesy of TRT. Trust the TIDD for your next challenge. For more details on the TIDD Pick and Carry Crane visit our website: www.tiddcranes.com.au.
Among the Labour government’s policy priorities, the protection of Britain’s nature and communities from climate change is set to play a central role. The post Is the uptake of Nature-based Solutions advancing quickly enough? appeared first on New Civil Engineer.
Bridge strikes, including vehicle collisions, on Network Rail’s estate have fallen by 20% from 1,937 in 2018/2019 to 1,518 in 2023/2024. The post Network Rail bridge strikes fall by 20% since 2018 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.
Six UK subsidiaries of the country's sixth largest contractor ISG - including ISG Construction - have applied to enter administration. Following months of speculation, which reached a crescendo online in recent days, the subsidiaries of the £2.2bn contractor filed court applications this afternoon. The parent… The post ISG UK subsidiaries apply for administration appeared first on Construction News.
Hidden Career Opportunities in Construction: Non-Traditional Roles You’ve Never Considered Discover the lesser-known, yet essential, career opportunities in construction that are shaping the industry's future. From technology consultants to sustainability advisors, this comprehensive guide explores non-traditional roles that offer exciting opportunities for professionals in 2024 and beyond.
Understanding Submittals in Construction – Submittals in construction are a critical yet often cumbersome process. They involve the formal submission of project data—product data, shop drawings, material samples, etc.—for review and approval by architects, engineers, or project owners. This process ensures compliance with contract documents and design intent.
Why Multidisciplinary Skills are the Future of Construction Careers The construction industry is changing fast, with professionals who have skills in areas like data science, sustainability, and design leading the way. Discover why these multidisciplinary skills are shaping the future of construction careers and how they can help you thrive in this evolving field.
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.
The planned Centre Port scheme, which comprises a 18km tidal barrage across The Wash in East Anglia, along with the world’s first tidal-powered deep-sea container terminal, is edging forward. The post East Anglia tidal power, port and flood defence mega-project edges ahead appeared first on New Civil Engineer.
Top Software File Formats in the Construction Industry An infographic-style image showing various file formats used in construction, such as DWG, RVT, and PDF. The image should include icons representing these formats in distinct sections, each linked to their respective software, like AutoCAD, Revit, and Primavera P6. Include a clean layout with construction-themed visuals like blueprint lines, digital models, and planning charts.
The judges for this year’s NCE Graduate & Apprentice Awards have carefully reviewed the 119 entries and the shortlist for the three enterable categories has been announced. The post NCE Graduate and Apprentice Awards shortlist revealed appeared first on New Civil Engineer.
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