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While it is only halfway through 2024, experts are already developing opinions about the 2025 housing market. According to Fast Company, which cites data from the ResiClub blog, most experts predict an average 2.5% rise in home prices during 2025. Goldman Sachs predicts the highest increase at 4.4%, while Moody's is the most conservative, expecting only a 0.3% rise.
Builders have fared well so far this year despite high interest rates, rising prices and emerging weakness in the broader economy, according to ABC Chief Economist Anirban Basu.
Eco-friendly, lighter material is now the safer way to save time and money Underground enclosures are crucial to provide access to fiber networks and electrical equipment while protecting them from frost, rust, and the elements. For decades, these enclosures have been constructed from polymer concrete – a heavy, bulky, unwieldy, unsafe, and environmentally unfriendly product.
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 This guide details how industry leaders are replacing outdated budgeting with incremental funding, adopting regional procurement, and using digital tools for real-time financial oversight.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.
As concerns about greenhouse gas emissions grow, more developers across the U.S. are looking to incorporate energy efficiency into their building designs. A company in Massachusetts may have found a useful resource for this effort. In Framingham, Mass., electric services company Eversource Energy has established the first networked geothermal neighborhood in the U.S.
Negotiations between local unions and contractors did not yield an agreement, but Hensel Phelps and the project owner say they’re dedicated to hiring local, disadvantaged businesses.
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Negotiations between local unions and contractors did not yield an agreement, but Hensel Phelps and the project owner say they’re dedicated to hiring local, disadvantaged businesses.
Five out of six shortlisted firms have successfully submitted initial tenders for small modular reactors (SMRs) to Great British Nuclear (GBN) as the body’s competition for rolling out the technology in the UK moves forward. The post 5 out of 6 shortlisted SMR firms submit tenders for Great British Nuclear competition appeared first on New Civil Engineer.
by Liisa Andreassen In the AEC industry, buy/sell agreements are essential tools to ensure business continuity and stability. These agreements are pivotal in facilitating seamless ownership transitions and safeguarding the interests of all parties involved. The 2024 Principals, Partners & Owners Report of AEC Firms is a comprehensive study of owners and top managers from 212 U.S.
The office vacancy rate will peak at 21.6% in late 2025, but performance between the best and worst buildings varies greatly, according to the firm’s mid-year macro outlook for commercial real estate.
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.
Across the U.S., home prices are skyrocketing, causing many prospective buyers to continue renting. Despite elevated prices, some markets offer a better return on investment than others. GoBankingRates put together a list of the 10 most undervalued housing markets in the U.S. The number one most undervalued market is San Jose, followed by San Francisco, and then Clewiston, Fla.
Urgent action is needed by the construction industry to put nature on the same footing as carbon reduction during design and delivery – and we cannot afford for it to take as long as it did for net zero to become business as usual. The post Why enhancing nature and reducing carbon emissions must be considered together appeared first on New Civil Engineer.
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.
Thames Water has said its assets remain in “poor” condition despite £2.1bn investment in the last year and a further £3.5bn will be needed to “hold asset deterioration stable”. The post Struggling Thames Water needs £3.5bn to ‘hold asset deterioration stable’ appeared first on New Civil Engineer.
The new transport secretary has said the new motto of the Department for Transport (DfT) is “move fast and fix things” as she set out five priorities to deliver “the biggest overhaul to transport in a generation”. The post Transport secretary expects DfT to ‘move fast and fix things’ and sets 5 strategic priorities appeared first on New Civil Engineer.
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.
ANA Asphalts is now one of the largest players in the New South Wales asphalt industry, despite only being around for a number of years. Keeping ahead of industry requirements has led to the exponential growth of ANA Asphalts since 2014. Wirtgen machinery has also played a role, as Director Angus Walker explains. W hether it’s councils, civil contractors or private customers, ANA Asphalts has gone from the ‘new kid on the block’ to catering for some of the largest and toughest infrastructure pro
Industry has welcomed this week’s announcement from the government about its National Wealth Fund (NWF) for green investments - but with some caveats. The post Industry cautiously positive on government’s National Wealth Fund for green investment appeared first on New Civil Engineer.
Planning on sanding your wooden floors? Make sure you do the job right. These seven tips will leave you with floors that are perfectly finished. Remove Molding Before You Sand If possible, you’ll want to carefully remove molding before you start your sanding project. You can reinstall the molding after the project is finished. The […] The post Floor Sanding: 7 Tips for Sanding Your Wooden Floor first appeared on Civil Engineer Blog.
Moving from “predict and provide” to “decide and provide” for long-term transport planning is critical to creating a transport network that supports the UK’s aspirations for economic prosperity, social mobility and carbon net zero. The post Bolder steps needed by planners and policy makers to achieve future transport transformation appeared first on New Civil Engineer.
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.
Willmott Dixon has suffered a second successive loss after the collapse of a major mechanical and electrical (M&E) subcontractor cost it £12.8m. Willmott Dixon did not name the subcontractor but said it had been completing works on two unnamed projects when it went under last… The post Willmott Dixon reports loss after supplier collapse cost £13m appeared first on Construction News.
Balfour Beatty has been awarded the long awaited £184.7M contract to dual the section of the A9 between Tomatin and Moy marking a milestone for Transport Scotland’s £3.7bn upgrade of the road. The post Balfour Beatty wins £184.7M contract long-waited A9 Tomatin to Moy dualling appeared first on New Civil Engineer.
The companies will continue to develop systems that use the lifting of large composite blocks and the pumping of water to store potential energy for later power generation.
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.
Targeting care home developments has helped east midlands contractor Kori Construction grow turnover by more than 50% and deliver an operating margin of more than 7%.
Galliford Try has told shareholders that continued strong trading will result in revenue and profits beyond analysts’ expectations Read Full Article: The Construction Index
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