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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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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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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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.

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Switching to a Robust ERP Designed for Construction: 10 Essential Factors To Consider

For construction firms striving for operational excellence, the right ERP is a game-changer. Upgrading your construction ERP is essential for optimizing operations, enhancing decision-making, and driving growth. By downloading "10 Factors to Consider When Switching Your Construction ERP," you will learn: The importance of adaptability and scalability in ERP solutions.

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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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$7.85B Mountain Valley Pipeline construction complete

Construction Dive

Gas will soon flow on the much-delayed project, which received a green light from the Federal Energy Regulatory Commission on Tuesday.

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More Trending

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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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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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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 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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The Ultimate Checklist for Choosing the Right Construction Management Software

Managing construction projects in disparate systems and spreadsheets is difficult due to numerous moving parts and diverse stakeholder needs. A dynamic, intuitive software solution is essential for everyone involved—owners, designers, engineers, Construction Managers, and General Contractors. Companies need a secure, centralized system to manage documents, scheduling, financials, and more.

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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.

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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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Elevate Efficiency. Build With Precision.

The Pro Builder

CertainTeed ONE PRECISION ASSEMBLIES™ (OPA™) custom floor, wall, and roof panel

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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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Boost Profitability: Invest in a Construction Software Platform Today

To maximize your construction firm's profitability with a construction-specific software platform, your firm will be able to streamline every aspect of your operations. By design, this next-generation solution should offer unified functionality, replacing outdated systems and providing key capabilities including job costing, contract development, resource planning, and more.

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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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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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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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The Art of Contingency Planning: Dealing with Unforeseen Costs

Contingency planning is a strategic plan to allocate resources, time, and money if “all hell breaks loose” on a project. It considers risk mitigation and planning for a worst-case scenario.  Contingency planning in construction is necessary. You're expected to throw in a percentage to cover a contingency plan in your estimates but is it enough? There is an art to this type of planning and, if project leaders aren’t careful, a contingency plan could cost the company a lot more than lapsed deadlin

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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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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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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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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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Forecasting With Confidence: How Contractors Can Solve Four Common Challenges

At the highest level, contractors understand the importance of accurately predicting and preparing for variances in costs or schedules when delivering a construction project. In fact, leaders know it is essential to the profitability, cash flow and potential viability of projects. For that reason, forward-thinking decision-makers who know that forecasting is a complex process, also realize that this is not feasible by using out-of-date systems.

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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.

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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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Restructure for McGowan

The Construction Index

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

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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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From Plan to Reality: Unlocking the Power of Aerial Imagery for AEC

Aerial imagery has emerged as a necessary tool for architecture, engineering, and construction firms seeking to improve pre-construction site analysis, make more informed planning decisions, and ensure all stakeholders have access to an accurate visualization of the site to keep the project moving forward. Download our guide and take a deeper look at how aerial imagery can be leveraged to drive project efficiency by reducing unnecessary site visits and providing the accurate details required to

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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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ENR 2024 Water Report: Managers Look to Potable Water Reuse

ENR Construction

With nearly all seven states within the 250,000-sq-mile Colorado River basin scrambling to conserve their apportionments from the river system’s increasingly depleted resources, interest in securing alternative local drinking water supplies is soaring.

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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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Feds Agree to Fund Final Piece of $16B Hudson Tunnel Project

ENR Construction

The Federal Transportation Administration informed Congress on June 11 it would provide the remaining $6.88B needed for the controversial project.

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Drive Profitability With a Construction-Specific ERP

For specialty contractors, using a construction software platform helps to lay the technological foundation required to support future growth and improved financial performance. Through integrated back office and field capabilities, you can improve how you bid, plan, staff, run, monitor, and close out self-performing projects, all while improving operational excellence.