Wed.Jun 12, 2024

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More Homeowners Are Choosing to Remodel Existing Homes Rather Than Buying New

The Pro Builder

As home prices continue to increase, renovations of existing homes are becoming a popular option among homeowners. According to Fox Business, almost 63% of homeowners would rather renovate their current homes than buy new ones. However, about one-third of those surveyed would still prefer to purchase a new home instead of remodeling. The primary reason homeowners avoid remodeling is the high cost, and about 56% of homeowners who renovate exceed their budgets.

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The ways contractors are using AI on jobsites now

Construction Dive

Benefits of using the tech on building projects include a competitive safety culture, risk mitigation and flagging contracts for delay provisions.

Contracts 382
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These Housing Markets Have Experienced the Most Significant Price Shifts Since Their 2022 Peak

The Pro Builder

In 2022, housing prices soared to new records. Now two years later, cities across the U.S. are beginning to see prices correct themselves while others are still seeing price increases. According to insight from the ResiClub blog, home prices are increasing across many Northeastern cities. Trenton, N.J., topped the list with home prices increasing by 13.3% over the past two years, followed by Hartford, Conn., which saw prices increase by 12.9% during the same period.

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Backlog shrinks after 2 months of gains

Construction Dive

While manufacturing and infrastructure spending keeps contractors busy, material price escalation has reemerged in recent months, said ABC’s chief economist.

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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 This guide details how industry leaders are replacing outdated budgeting with incremental funding, adopting regional procurement, and using digital tools for real-time financial oversight.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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Contractors Expect to Spend More Time on Prefab Projects Over the Next 5 Years

The Pro Builder

As prefabrication grows in popularity, so does the amount of time construction workers are spending on these types of projects. According to Pro Builder's sister publication Building Design + Construction, citing survey data from consulting and investment banking firm FMI, contractors are spending 18% more of their labor and time on prefab construction projects, and it's anticipated that figure will nearly double to approximately 34% within the next five years.

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Despite Population Growth, Existing Home Sales in the US Are Comparable to 1978 Levels

The Pro Builder

Since 1978, the U.S. population has grown from 223 million to 341 million people. Despite this, the market for existing homes has experienced a severe recession, with April 2024 sales nearly identical to the 1978 housing market. According to Fast Company, as of April 2024, the existing home market saw 4.14 million sales, compared with 1978's 4.09 million.

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How ‘Billy the Bot’ helps Cork Howard Construction streamline accounts payable

Construction Dive

Milissa Douglas, controller for the Marietta, Georgia-based general contractor, uses the artificial intelligence-based assistant to streamline invoice management.

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Elevate Efficiency. Build With Precision.

The Pro Builder

CertainTeed ONE PRECISION ASSEMBLIESâ„¢ (OPAâ„¢) custom floor, wall, and roof panel

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Clayco names chief information officer

Construction Dive

With experience that spans the military as well as global computing firms, Jeff Miller will oversee the contractor’s IT and security initiatives.

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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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The Solution to the Missing Middle

Build LLC Blog

BUILD discovers that the solution to missing middle housing relies on five key strategies. The post The Solution to the Missing Middle appeared first on BUILD Blog.

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Increasing the Number of Women in Construction Could Help Alleviate Labor Shortages

The Pro Builder

Boosting the number of women in the construction industry could help to alleviate the current labor shortage, and some states are experiencing a higher increase in female construction workers than others. According to the most recent data, in 2022, approximately 1.29 million women were employed in construction across the U.S., making up 10.97% of the workforce, according to the National Association of Homebuilders’ Eye On Housing blog.

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Balfour Beatty wins first phase of Skye transmission scheme

The Construction Index

Balfour Beatty has been awarded the first phase of the £690mn Skye 132kV reinforcement project for Scottish & Southern Electricity Network (SSEN) Transmission.

Contracts 127
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Volvo bringing largest electric wheel loader, the L120, to market

Equipment World

Volvo's new L120 Electric 20-metric-ton wheel loader is headed for select North American markets in the 4th quarter.

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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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Restructure for McGowan

The Construction Index

Scottish civil engineering contractor McGowan Environmental Engineering has reorganised its group structure.

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London’s £220M attraction in secret World War II tunnels gains planning approval

New Civil Engineer

Proposals worth £220M to develop a cultural attraction in the deep-level subterranean wartime shelter tunnels under High Holborn have been approved by the City of London Corporation’s planning and transportation committee. The post London’s £220M attraction in secret World War II tunnels gains planning approval appeared first on New Civil Engineer.

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Wates brings in new health & safety chief

The Construction Index

Wates has named Brian Long as its new group health, safety & well-being director.

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Cybersecurity Investments: How To Secure A Business Loan for Better IT Defense

Construction Marketing

Do you ever worry about a data breach email landing in your inbox? Cybersecurity threats are a constant concern for small businesses like yours. One attack could mean lost data, a damaged reputation, and a hefty recovery bill. The good news is that there are ways to protect your business. This guide will help you secure a loan to invest in cybersecurity, giving your company the tools to fight back.

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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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Amey on the acquisition trail

The Construction Index

Having culled the poor performing bits of the business, Amey is back in expansion and diversification mode.

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TBMs nearly finished on Sydney Metro

Roads Online

Image courtesy of the new South Wales Government. Three of four TBMs have finished their trips as tunnelling nears completion for the Sydney Metro rail to Western Sydney Airport project. The final 230 metre leg to St Marys is expected to be completed in a few weeks, with other works entering the next stage. This includes the construction of six new stations along the 23-kilometre track at St Marys, Orchard Hills, Luddenham, Airport Business Park, Airport Terminal and Bradfield.

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United Utilities sets up 3D concrete printing hub in Wigan to create water assets

New Civil Engineer

United Utilities has set up a 3D concrete printing hub that is capable of printing assets for water infrastructure within hours. The post United Utilities sets up 3D concrete printing hub in Wigan to create water assets appeared first on New Civil Engineer.

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How to Fill the Skills Gap in Construction

For Construction Pros

The efforts each of us make to introduce construction and the opportunities available within the industry to a wider audience, the better each of us will fare.

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How CMiC Helps Construction Teams Stay Ahead of Project Risk

CONSTRUCTâ„¢ 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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Gordie Howe Bridge | Engineers prepare to connect decks on £3.8bn USA – Canada link

New Civil Engineer

Engineers on the C$6.4bn (£3.78bn) Gordie Howe International Bridge project are preparing to install the link between the two spans of the crossing between Detroit, USA and Windsor, Canada. The post Gordie Howe Bridge | Engineers prepare to connect decks on £3.8bn USA – Canada link appeared first on New Civil Engineer.

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New trial set to transform infrastructure product standards

Roads Online

Image courtesy of Inland Rail. The New South Wales and Victorian governments have reached a new agreement that will see new requirements for all products used in either rail or road infrastructure projects as part of an Australian first trial. This trial will evaluate the effectiveness of adopting a nationally standardised approvals process for products.

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Aecom to support restoration and reconstruction of hydropower assets in Ukraine

New Civil Engineer

Aecom has announced its partnership with Ukrhydroenergo to help the company restore and reconstruct Ukraine’s hydropower assets following damage caused in the conflict with Russia. The post Aecom to support restoration and reconstruction of hydropower assets in Ukraine appeared first on New Civil Engineer.

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RJ McLeod bought by utilities contractor

Construction News

Infrastructure and energy company OCU Group has acquired civils firm RJ McLeod for an undisclosed sum. OCU stated that the acquisition, announced today (11 June), will increase its annual revenue to more than £800m “and grows the capability and capacity for work in supporting the… The post RJ McLeod bought by utilities contractor 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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Labour and Conservatives clash over future of £165M Cumbria coal mine

New Civil Engineer

The Conservative Party has attacked the Labour Party for saying it would stop the £165M new coal mine in Cumbria from going ahead if it comes into power. The post Labour and Conservatives clash over future of £165M Cumbria coal mine appeared first on New Civil Engineer.

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The Essential Progressive Management Skills of Our Time

Civil Engineer Blog

Our world has moved away from a mentality of flogging a donkey to get it to go faster. Education, business and technology have grown beyond trying to lead that beaten donkey with a carrot. Progressive methodologies and education tools have taken a leap forward in forward thinking. Business courses, business management courses, management courses, and technology […] The post The Essential Progressive Management Skills of Our Time first appeared on Civil Engineer Blog.

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Concern over lack of climate resilience factors in local roads procurement

New Civil Engineer

Efforts to improve the climate resilience of local roads are not included as much as they should be in procurement contracts, according to senior highways representatives speaking at NCE’s Roads conference on 7 June. The post Concern over lack of climate resilience factors in local roads procurement appeared first on New Civil Engineer.