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Housing is gradually becoming more affordable for younger generations, particularly recent college graduates. According to housing market platform Redfin, the typical recent U.S. college graduate would now spend 20.6% of their income on renting a median-priced two-bedroom apartment with a roommate, which is down from the 22.6% of their income recorded last year.
By Luke Carothers Recently, there has been a push within the AEC industry—particularly within the United States—to shift our focus to new ways to adapt and reuse old buildings to fit new purposes. The term Adaptive Reuse has risen to prominence over recent years, and there has been no shortage of stunning and innovative examples of its deployment. While there is certainly nothing new within human history in terms of using an old building for a new purpose, our concept of how those spaces transfo
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 This guide details how industry leaders are replacing outdated budgeting with incremental funding, adopting regional procurement, and using digital tools for real-time financial oversight.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.
By Luke Carothers Steel City, the City of Bridges, Three River City—Pittsburgh has no shortage of nicknames, self-ascribed or otherwise. The city of Pittsburgh, PA is located at the meeting point of three rivers. Founded as Fort Pitt in 1758, the city and the people who live in it have developed a strong identity and rich culture. This identity and culture is writ large on the Steel City to this day.
By Luke Carothers In many ways, the recent push towards AI-enabled products is part of an even longer push towards digitization throughout the AEC industry. While many parts of the AEC industry are leading the way with AI and digital technologies, others have been slower to adopt. The Environmental Regulatory industry is one area that was initially slow to begin the digital transition, but in recent years has warmed up to digitizing its processes.
By Dan Clapper, Market Director, Commercial HVAC and Facilities Maintenance, Interplay Learning Investing in effective on-the-job safety training is crucial for today’s workers. When you prioritize safety, you’re not only protecting your employees from workplace accidents, but you’re also fostering a culture of responsibility and care. It can be tempting to view time spent away from revenue-generating tasks as time wasted.
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 Carl Storms Digital twins are transforming the AECO industry, but there’s more to them than meets the eye. It’s not enough to simply have a digital twin—the real value lies in how we use the information they provide. We’re moving beyond static models to create dynamic tools that drive smart decision-making and boost operational efficiency.
With advancements in technology, point clouds have emerged as a popular survey method for infrastructure management. They provide the ability to access difficult-to-reach areas remotely. Through analysis, visualization tools, and machine learning, point clouds can be analyzed to understand and estimate various conditions and characteristics of a survey site.
As housing markets fluctuate, young people are looking to buy homes in cities that offer both affordability and job opportunities. This holds true for Millennial and Generation Z veterans as well. According to a recent report from loan provider Veterans United Home Loans, Gen Z and Millennial homebuyers using a VA loan are choosing housing markets that are affordable yet offer a high quality of life.
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.
By Garrett Harley, Product Marketing Director, Oracle Construction & Engineering As the world pivots into a new, AI-powered future, many industries are changing rapidly to accommodate new tools and new capabilities. The construction industry, in particular, is beginning to see a change in the culturally entrenched attitudes towards project management as organizations look to modernize their operations.
More people are returning to the office, with office foot traffic reaching 72.2% of pre-pandemic levels. With most companies opting for hybrid work models, workers are reconsidering where to live and buy homes. According to real estate marketing platform Realtor.com, the top five cities with the highest percentage of workers going into the office are Miami, Fla. at 90.6%; followed by New York City, at 89.6%; Dallas, at 76.9%; Atlanta, at 76.7%; and Washington, D.C. at 73.9%.
By Luke Carothers Opened to the public in November 2022, the Silver Line Rail Extension in Washington DC is one of the largest capital construction projects in the United States—including 11.4 miles of new track, six new Metrorail stations, and a 9-acre railyard with storage capacity for 168 railcars and maintenance facilities. Through May 2023, six months into its existence, more than 1.1 million trips were recorded on the new extension.
As extreme weather events become more frequent, many U.S. homeowners say they are financially unprepared for the costs they bring. According to financial services company Bankrate's 2024 Extreme Weather Survey, 26% of homeowners feel unready for these expenses, with 14% being somewhat unprepared and 12% very unprepared. Although 39% have reviewed their insurance coverage, only 9% have taken steps to weather-proof their homes in the last five years.
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.
By Brent Hunt, Project Executive, Skanska The American Association of Port Authorities forecasts a 15 percent increase in US freight movement by 2045 and by 2037, US seaports are anticipated to export more than 52 million shipping containers annually. As 90 percent of global goods are conveyed via ship, port disruptions can reverberate through the global economy.
Mortgage refinance activity is expected to increase as interest rates drop, with a federal rate cut anticipated by mid-September. This decline is encouraging many homeowners, who borrowed during high-interest periods, to consider refinancing for lower payments. According to CoreLogic, an information services provider of financial, property, and consumer data, refinance applications more than doubled in August 2024 compared with the same time last year.
By Chad Clinehens, President and CEO, Zweig Group The Summer of 2024 is drawing to a close, and the stirrings of Autumn can be felt on the breeze and seen on the trees. 2024 has been another historic year, and the past few months of summer have been hotter than ever for the AEC industry. This marks another year of growth, as we continue a decade-plus of the AEC industry soaring past financial metrics and benchmarks.
The cost per square foot of a single-family home decreases as the home size increases, according to an analysis from the National Association of Home Builders’ Eye On Housing blog. This is known as economies of scale, where unit costs go down as operations grow larger. In home building, economies of scale can occur in various ways, such as building in larger subdivisions or by larger companies.
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.
By Yaron Dycian, Chief Product and Strategy Officer, WINT Water Intelligence Building and operating a modern commercial property or industrial facility requires a major ongoing investment of resources. Unfortunately, inefficiency and mismanagement of water resources remain among the most significant threats to a building’s performance. In the United States alone, water treatment and delivery accounts for 13 percent of the country’s total electricity consumption , releasing up to 290 million metr
Since the onset of the COVID-19 pandemic, the housing market has seen many changes. From remote workers fleeing cities in search of larger homes to rising mortgage rates, markets across the U.S. have seen dramatic shifts. However, some housing markets continue to attract competition from buyers. According to GoBankingRates, the most competitive housing markets in the U.S. are San Jose, Calif., Anchorage, Ala., and Richmond, Va.
By Ezequiel Tovar, Ownership Transition Analyst, Zweig Group We serve a phenomenal industry. An industry we can be proud of. Each firm, no matter how big or small, impacts our built environment by improving lives. Now what if I told you that you could be at the helm of leading your firm in this crucial industry? Would you take it? Most importantly, are you ready for it?
Energy secretary Ed Miliband is considering scrapping plans to use the Wylfa site in North Wales for a new large-scale nuclear power plant as well as the UK’s target of developing 24GW of nuclear capacity by 2050. The post Government considering scrapping Wylfa plans and 24GW nuclear capacity target 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.
By Luke Carothers While the adoption of AI is still growing, the innovation and efficiency afforded by new AI-powered products is causing a significant transformation within the overall AEC industry landscape. One of the experts at the forefront of this radically transforming landscape is Yves Antioine Brun, Vice President of Wipro Engineering Edge.
By Jeff Schwartzentruber, PhD, CISSP , Sr. Machine Learning Scientist, eSentire The global digital twin market is expected to grow to $110 billion by 2028 at a CAGR of nearly 61 percent, showing immense interest in this sector. While the technology itself isn’t new (the concept of a digital twin has been used for years, mostly for product design and simulation by utilizing a data-driven 3D digital companion), most recently, data and advanced analytics have enabled digital twin technology to do
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