Tue.Sep 03, 2024

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Mortgage Rates Drop to Lowest Point in a Year

The Pro Builder

In a housing market where home prices remain near record highs, lower mortgage rates could provide some relief to prospective homebuyers. According to ABC News, the average rate on a 30-year mortgage has recently decreased to 6.35%, the lowest level in over a year. A year ago, the rate was at 7.18%. Similarly, the average rate for a 15-year fixed-rate mortgage, often favored by those looking to refinance, has fallen to 5.51%, compared with 6.55% a year ago.

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OSHA sets late December comment deadline for extreme heat standard

Construction Dive

The agency’s proposed rule would require employers to develop heat injury and illness prevention plans, among other actions.

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The Productivity Marvels of Off-Site Construction

The Pro Builder

New innovations in off-site building construction have increased our ability to address the housing deficit currently plaguing the United States and Canada. Yet for the past decade, precut framing packages, panelized structural components, and volumetric modular construction combined have represented just 3% or less of new-home completions, according to U.S.

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Construction spending dips again as contractors await Fed relief

Construction Dive

Fluctuations in recent months stem from a worsening shortage of qualified workers, according to AGC’s chief economist.

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A Practical Guide to Profitable, Sustainable Construction Strategies

The future of construction is sustainable, efficient, and cost-conscious. This guide offers a practical roadmap for reducing material waste, optimizing energy use, and integrating sustainable design principles. Discover how innovative construction firms are leveraging circular economy strategies, digital tracking, and energy-smart building solutions to reduce expenses and stay ahead of regulatory shifts.

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Here’s How Much Is Needed to Afford a Starter Home

The Pro Builder

As housing becomes more expensive, the amount homebuyers need to earn to afford to purchase a home also grows. According to housing market platform Redfin, homebuyers need to earn approximately $80,000 per year to afford the median-priced starter home, up 4.4% from last summer and only about $500 below the all-time high. That makes starter homes just barely affordable to families earning the median U.S. income, and unaffordable to families earning less than the median income.

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Kistler’s largest WIM installation in the world slated for Providence, Rhode Island, to monitor structural health of aging bridge

Civil + Structural Engineer

Rhode Island installs traffic and structural health monitoring system to proactively maintain vital bridge The Rhode Island Department of Transportation (RIDOT) is partnering with Kistler, the global leader in dynamic measurement technology, to provide state-of-the-art technology solutions to monitor and protect the structural health of the Washington Bridge, a vital bridge in the city of Providence.

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RFIs made easier. For everyone.

Construction Dive

Discover how AI-powered design review tools are revolutionizing the costly and time-consuming RFI process in construction, delivering unprecedented efficiency, clarity and collaboration for project teams.

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City of Pearland Breaks Ground on Barry Rose Water Reclamation Facility Replacement and Expansion, and Longwood Water Reclamation Facility Decommissioning

Civil + Structural Engineer

PEARLAND, Texas — The City of Pearland broke ground on the expansion of the Barry Rose Water Reclamation Facility (WRF) Replacement and Expansion project, which will increase the plant’s wastewater treatment capacity from 3.1 million gallons per day (MGD) to 5.0 MGD to better address the community’s growing needs. The $216.7 million construction project expands and updates the 50-year-old Barry Rose Water Reclamation Facility’s infrastructure while also decommissioning the neighboring Longwood W

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NY sues Cuomo Bridge builders over allegedly faulty cables

Construction Dive

The New York State Thruway Authority’s lawsuit says some stay cable anchors have to be retrofitted only six years after the $4 billion span opened.

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The Constructor's Digital Transformation Playbook: Reducing Risk With Technology

Speaker: Dylan Secrest

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.

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STV Celebrates the Successful Completion of Sound Transit’s Lynnwood Link Extension Project

Civil + Structural Engineer

SEATTLE, WA – STV, a leading professional services firm that plans, designs and manages infrastructure projects across North America, joins Sound Transit in celebrating the opening of the Lynnwood Link Extension , an 8.5-mile light rail route extending from Northgate into Snohomish County. Opening to the public on Friday, August 30, 2024, this project includes four new stations, allowing riders to travel between south Snohomish County and downtown Seattle, Sea-Tac Airport and more.

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August 2024 wins: Contractors report their latest awards

Construction Dive

Construction Dive rounds up the newest project wins from some of the country’s biggest builders including Clark, Kiewit and Tutor Perini.

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Ivory Innovations Announces Opening of Nominations for the 2025 Ivory Prize for Housing Affordability

The Pro Builder

Ivory Innovations Announces Opening of Nominations for the 2025 Ivory Prize for Housing Affordability ibush Tue, 09/03/2024 - 08:05

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Foundations strengthened on Yarm Viaduct

The Construction Index

Foundations specialist Roger Bullivant is midway through a complex pile jacking operation to retore a North Yorkshire rail viaduct.

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How Poor Planning and Budgeting Lead to Construction Cost Overruns

Budgeting, forecasting, and financial planning directly impact construction project outcomes. Inaccurate projections lead to cost overruns and delays. This guide outlines best practices for financial discipline, including forecasting methodologies, resource allocation strategies, and risk mitigation frameworks. Industry leaders recognize that precise financial control is essential for profitability and project stability.

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Register Now for the Builders’ Show and Get Special Pricing

The Pro Builder

Register Now for the Builders’ Show and Get Special Pricing ibush Tue, 09/03/2024 - 06:14

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Safety Leadership Conference 2024: Safety First, Leadership Always

Safety Services Company

In a rapidly changing industrial landscape, ensuring workplace safety is more crucial than ever. The Safety Leadership Conference 2024, which lasted from August 26-28 , was a transformative event for safety professionals across various sectors including manufacturing, construction, distribution, transportation, and utilities. This Safety Leadership conference is designed to equip safety leaders with the necessary tools and insights to foster safer work environments – and every year they succeed

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Register Now for the Builders’ Show and Get Special Pricing

The Pro Builder

Register Now for the Builders’ Show and Get Special Pricing Image Credit Photo: Pro Builder ibush Tue, 09/03/2024 - 12:40 Take advantage of early registration by Sept. 30 and claim Your $75 IBS Expo Pass The International Builders' Show (IBS) is your chance to get the great ideas and real solutions you need to grow and strengthen your business. Meet with the top companies in the industry.

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HS2 milestone as first viaduct completed

The Construction Index

A structure in Northamptonshire has officially become the first viaduct on the HS2 project to be completed.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

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.

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Construction Industry Sees More White Collar Jobs Than Ever Before

The Pro Builder

As the construction industry grows and changes, so does the type of labor that is needed. According to the National Association of Home Builders’ Eye On Housing blog, the makeup of the construction labor force over the last two decades has shifted to encompass more computer, engineering and science roles. From 2005 to 2022, the share of tradesmen declined from 71% to about 61%.

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Suffolk debut for British Offsite system

The Construction Index

British Offsite’s UnisystemLB panels are making their debut on a residential development in Suffolk.

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‘Shadow’ Great British Railways launched as railways public ownership Bill progresses

New Civil Engineer

Transport secretary Louise Haigh has today, 3 September, launched “Shadow” Great British Railways (Shadow GBR) as the first step in the long-awaited major overhaul of the UK’s rail network. The post ‘Shadow’ Great British Railways launched as railways public ownership Bill progresses appeared first on New Civil Engineer.

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Robinson joins RLB board

The Construction Index

Construction consultant Rider Levett Bucknall UK has promoted Guy Robinson to its executive board.

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How AI is Reshaping Construction: Insights from Industry Experts

Construction firms embracing AI are outperforming the competition. This exclusive guide unpacks the impact of AI-driven analytics, automation, and predictive insights on project management, risk reduction, and workforce transformation. Discover how AI enhances real-time decision-making, optimizes labor and materials, and ensures projects stay on schedule and budget.

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World’s strongest land-based crane with 6,000t capacity launched

New Civil Engineer

Heavy lifting company Mammoet has announced the release of the world’s strongest land-based crane, which carries a loading capacity of 6,000t and can be run on full electric power. The post World’s strongest land-based crane with 6,000t capacity launched appeared first on New Civil Engineer.

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Funding, strategy developments for Kuranda Range Road

Roads Online

Image courtesy of the Queensland Government. The Federal and Queensland governments have developed a strategy to improve safety on the Kennedy Highway through a stretch known locally as Kuranda Range Road, with both governments also committing $262.5 million to the strategy. The strategy aims to reduce the amount and length of unplanned closures on the road.

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HS2 | First viaduct complete and Kent precast factory makes last of 59,000 tunnel segments

New Civil Engineer

High Speed 2 (HS2) and contractor Eiffage Kier Ferrovial Bam Nuttall JV (EKFB) have celebrated the first fully complete viaduct on the high speed rail project in Northamptonshire. The post HS2 | First viaduct complete and Kent precast factory makes last of 59,000 tunnel segments appeared first on New Civil Engineer.

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Government offers up to £5.5bn for Sizewell C development subsidy

Construction News

The government has proposed subsidising the development of Sizewell C by up to £5.5bn. A new funding scheme will partly cover the costs of developing the £20bn nuclear megaproject until the government makes its final investment decision, which will allow construction to start. A Department… The post Government offers up to £5.5bn for Sizewell C development subsidy appeared first on Construction News.

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Every Contractor Needs An Effective Website - Unlock the Key to Increased Leads

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.

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Europe’s largest windfarm and 6 tidal schemes among 131 projects progressed in renewable auction

New Civil Engineer

The UK government has struck funding deals for 131 renewable energy projects including Europe’s largest windfarm and six tidal stream projects in the latest Contracts for Difference (CfD) auction. The post Europe’s largest windfarm and 6 tidal schemes among 131 projects progressed in renewable auction appeared first on New Civil Engineer.

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6 Ways Supply Chain Trends Impact Businesses

For Construction Pros

The supply chain landscape of 2024 demands agility, resilience, and foresight from businesses. By embracing these strategies, businesses can not only weather disruptions but also thrive in an increasingly volatile global economy.

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Navigating European construction’s ‘perfect storm’ of challenges

New Civil Engineer

The European construction sector is grappling with highly challenging trading conditions. Project managers are navigating a perfect storm of rising costs and higher interest rates, alongside acute material and worker shortages. These pressures threaten to curtail future sector activity, amplifying the trend of low productivity… The post Navigating European construction’s ‘perfect storm’ of challenges appeared first on New Civil Engineer.