Thu.May 16, 2024

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Mortgage Applications Increase Week-Over-Week, but Rates Remain a Challenge for Buyers

The Pro Builder

Mortgage Applications Increase Week-Over-Week, but Rates Remain a Challenge for Buyers csweeney Thu, 05/16/2024 - 12:08 Data from the Mortgage Bankers Association show slight signs of optimism in national housing market Despite reports of high costs, activity in the nation’s housing market is improving. For the week ending May 10, mortgage applications increased by 0.5% from the week prior, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey.

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Construction leaders have raised the safety bar, yet more work remains

Construction Dive

Large GCs have elevated their jobsite practices in recent years in order to limit risk, said a safety expert with insurance firm Charles Taylor.

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Double Tracking of South Shore Line Celebrates Completion

Civil + Structural Engineer

HDR-Supported Project Reduces Travel Time and Increases Safety on Critical Commuter Link Between Chicago and Northwest Indiana The Northern Indiana Commuter Transportation District cut the ribbon on Monday, May 13 to celebrate the opening of 18 miles of new track on its South Shore Line from Gary to Michigan City, Indiana. The project added a second track to the line, providing a faster, more frequent and more competitive transportation option between northwest Indiana and Chicago.

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$2B George Washington Bridge restoration passes midway point

Construction Dive

The 11-part program includes critical rehabilitation work on steel ropes and cables, which support the weight of the deck.

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How Top Firms Protect Margins in Costly Construction Markets

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 This guide details how industry leaders are replacing outdated budgeting with incremental funding, adopting regional procurement, and using digital tools for real-time financial oversight.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.

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Townhome Construction Gains in Popularity as Buyers Seek Medium-Density Housing

The Pro Builder

Townhome Construction Gains in Popularity as Buyers Seek Medium-Density Housing csweeney Thu, 05/16/2024 - 17:57 Townhouses made up 18% of single-family housing starts during Q1 2024 As the need for medium-density housing grows, U.S. housing markets are seeing more townhome construction. According to National Association of Home Builders’ analysis of the most recent Census data, townhome starts totaled 171,000 homes over the last four quarters, compared with 141,000 during the prior four quarter

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Legal challenge against ÂŁ1.5bn Net Zero Teesside Power project raises wider questions on CCUS

New Civil Engineer

A judicial review of the consent for gas fired power station Net Zero Teesside Power (NZT Power) could have implications for the UK’s wider energy transition, including carbon capture usage and storage (CCUS) schemes. The post Legal challenge against £1.5bn Net Zero Teesside Power project raises wider questions on CCUS appeared first on New Civil Engineer.

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Inflation cools, reassuring Fed after unexpectedly hot gains

Construction Dive

The yield on the benchmark 10-year Treasury note fell on investor speculation that slower inflation will prompt the Fed to sooner cut borrowing costs.

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UK does not have capacity or workforce to deliver major infrastructure projects, Committee finds

New Civil Engineer

The UK does not have the capacity of workforce to deliver the government’s portfolio of planned major infrastructure projects, the Public Accounts Committee (PAC) has warned. The post UK does not have capacity or workforce to deliver major infrastructure projects, Committee finds appeared first on New Civil Engineer.

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KAI Adds Kristopher McGraw as Senior Project Manager at its Dallas-Fort Worth, TX Office

Civil + Structural Engineer

DALLAS — KAI 360 Construction Services (360 CS) announces the hiring of Kristopher McGraw as Senior Project Manager at its Dallas-Fort Worth, TX office. In his new role, McGraw will play a pivotal role in overseeing building design and construction program management initiatives and ensuring the seamless execution of projects from inception to completion while upholding the highest standards of quality, innovation and client satisfaction.

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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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You Never Have to Have “That” Conversation With a Disgruntled Homeowner Again!

The Pro Builder

You Never Have to Have “That” Conversation With a Disgruntled Homeowner Again! kcichowicz Thu, 05/16/2024 - 08:49 Woodford’s Model 19 freezeless and anti-burst faucet won’t burst in freezing weather, even if the homeowner forgets to detach hose in freezing weather. Also available with black handles. Enabled Active You never have to have “that” conversation with a disgruntled homeowner again!

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Free trade hurdle cleared, but who will it help?

The Construction Index

The government reckons that the UK’s imminent entry of an Asia-Pacific free trade agreement is going to have big benefits for UK construction Read Full Article: The Construction Index

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5 Housing Markets That Would See a Huge Increase in Homeownership if Mortgage Rates Dropped

The Pro Builder

5 Housing Markets That Would See a Huge Increase in Homeownership if Mortgage Rates Dropped csweeney Thu, 05/16/2024 - 17:49 Spokane, Wash., would experience an 11.4% increase in affordability if rates dropped to 6% A significant drop in mortgage rates would benefit all prospective homebuyers, but recent insight from housing market data platform Realtor.com shows some housing markets could benefit from lower mortgage rates more than others.

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Shareholders back Barratt-Redrow deal

The Construction Index

Shareholders of both Barratt Developments and Redrow have voted almost unanimously in favour of the takeover deal announced in February.

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How AI Reduces Cost, Safety, and Quality Risks in Construction Projects

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.

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Spring Housing Markets: Which Markets Saw the Most Appreciation, and Which Saw the Least?

The Pro Builder

Spring Housing Markets: Which Markets Saw the Most Appreciation, and Which Saw the Least? csweeney Thu, 05/16/2024 - 15:32 Florida metros saw the weakest appreciation of all housing markets in the US Across the U.S., home prices are rising, but some markets have observed stronger appreciation than others. According to insight from housing data tracker Resi Club Analytics, national housing costs rose more than 1.15% between March and April 2024.

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Watchdog spots flaws in biodiversity net gain enforcement

The Construction Index

A government requirement for developers to deliver biodiversity net gain on their build projects in England is open to abuse and not being run well, according to the National Audit Office.

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Demand—and Competition—for Skilled Construction Workers Grows

The Pro Builder

Demand—and Competition—for Skilled Construction Workers Grows csweeney Thu, 05/16/2024 - 17:36 Strongest need seen for construction superintendents, with other job titles for skilled trades also in high demand Those seeking a career in construction could be in luck as the field remains one of the most in-demand for jobs in 2024. Citing data from CNBC, Construction Equipment Guide reports a 16% increase for several job titles within the construction industry between October 2023 and March 2024, i

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Union chiefs criticise Rail Reform Bill for lack of social impact and private investment incentives

New Civil Engineer

The government’s Rail Reform Bill will not reduce fragmentation of the railways, improve supply chains or court private investment, according to leaders of rail industry trade unions. The post Union chiefs criticise Rail Reform Bill for lack of social impact and private investment incentives appeared first on New Civil Engineer.

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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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5 Housing Markets That Would See a Drastic Increase in Homeownership if Mortgage Rates Dropped

The Pro Builder

5 Housing Markets That Would See a Drastic Increase in Homeownership if Mortgage Rates Dropped csweeney Thu, 05/16/2024 - 17:49 Spokane, Wash., would experience an 11.4% increase in affordability if rates dropped to 6% A significant drop in mortgage rates would benefit all prospective homebuyers, but recent insight from housing market data platform Realtor.com shows some housing markets could benefit from lower mortgage rates more than others.

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Under 10% of railway landslips detected by remote sensors despite Network Rail investment

New Civil Engineer

Just 13 of 147 landslips identified by Network Rail in 2023 were detected via remote sensors, despite the rail organisation having spent ÂŁ33M to increase remote monitoring and sensing during Control Period 6 (CP6), 2019 to 2024. The post Under 10% of railway landslips detected by remote sensors despite Network Rail investment appeared first on New Civil Engineer.

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4 Housing Affordability Organizations Awarded 2024 Ivory Prize

The Pro Builder

4 Housing Affordability Organizations Awarded 2024 Ivory Prize csweeney Thu, 05/16/2024 - 12:22 Ivory Innovations will provide $300,000 in total prize money to support winners’ initiatives Ivory Innovations, a nonprofit organization with a goal of addressing the housing affordability crisis, recently announced the winners of its 2024 Ivory Prize for Housing Affordability.

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Case CE adds new 651G to wheel loader lineup

Equipment World

Weighing in at 30,890 pounds, the new model fills the gap between Case's 621G and 721G and offers multiple features to improve operation, Case says.

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How CMiC Helps Construction Teams Stay Ahead of Project Risk

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.

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Survey Shows Homebuyers Are Regretting Their Purchasing Decisions

The Pro Builder

Survey Shows Homebuyers Are Regretting Their Purchasing Decisions csweeney Thu, 05/16/2024 - 12:48 More than 80% of respondents have regrets about their home purchase and 50% of upcoming buyers would consider forgoing using an agent Dealing with a market mired in high prices and low inventory, homebuyers during 2023 struggled to find affordable homes.

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What the UK’s renewables industry can learn from legacy energy sectors

New Civil Engineer

The UK’s battery strategy, published late last year, sets out a joined-up government-industry approach to delivering a battery ecosystem with the potential to unleash economic prosperity and help deliver on net zero ambitions. However, we’re in a global battery race with other countries with the… The post What the UK’s renewables industry can learn from legacy energy sectors appeared first on New Civil Engineer.

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You Never Have to Have “That” Conversation With a Disgruntled Homeowner Again!

The Pro Builder

You Never Have to Have “That” Conversation With a Disgruntled Homeowner Again! kcichowicz Thu, 05/16/2024 - 08:49 Woodford’s Model 19 freezeless and anti-burst faucet won’t burst in freezing weather, even if the homeowner forgets to detach hose in freezing weather. Enabled Active You never have to have “that” conversation with a disgruntled homeowner again!

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40,000 new nuclear jobs ambition set out in government-backed plan

New Civil Engineer

The National Nuclear Strategic Plan for Skills and the Nuclear Skills Charter have set out how industry and the government plans to develop the jobs and skills needed for the nuclear weapons and power industries. The post 40,000 new nuclear jobs ambition set out in government-backed plan appeared first on New Civil Engineer.

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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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Ivory Prize Top 10 Finalists Announced

The Pro Builder

Ivory Prize Top 10 Finalists Announced ibush Thu, 05/16/2024 - 07:00 U.S. organizations recognized for innovative solutions to the housing crisis Ivory Prize Top 10 finalists seek to address housing affordability issues through creativity in the areas of construction and design, finance, and public policy and regulatory reform. The nation’s ongoing housing affordability crisis is one of paramount urgency.

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British Steel wins contract to provide track for 286km high-speed line in TĂĽrkiye

New Civil Engineer

British Steel has won a multi-million-pound contract to supply rail for a new 286km high-speed railway line in TĂĽrkiye. The post British Steel wins contract to provide track for 286km high-speed line in TĂĽrkiye appeared first on New Civil Engineer.

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Optimizing & Designing Engines for the Future

For Construction Pros

As construction navigates the adoption of new technologies and changes in regulations, manufacturers are optimizing diesel engine architecture to support future technology innovations.