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The single-family build-to-rent (B2R) market is growing, with the share of new single-family rental housing starts doubling from 4% in 2020 to 8% in 2024. This growth is a reflection of the demand for better rental properties in the housing market, according to Multi-Housing News. To keep up with this demand, developers in the B2R space are sharing cost-saving strategies, such as distributing properties across multiple growth markets, tightening subcontractor relationships, and using prefabricat
Messer’s Nick Proffitt sees burgeoning demand in the sector, which encompasses student housing, athletic and school buildings, medical centers and more.
After nearly seven decades of drilling deep foundations in 49 states and pioneering the sub-specialty of electrical transmission and utility lines for renewable energy, infrastructure, and industrial projects, Tri-State Drilling was at a crossroads. The company’s exceptional reputation and expertise had provided unrelenting growth over the years, but outdated processes and a lack of real-time visibility to job costs created an environment that was constantly looking backward instead of planning
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 This guide details how industry leaders are replacing outdated budgeting with incremental funding, adopting regional procurement, and using digital tools for real-time financial oversight.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.
If your company is experiencing rapid growth, you might find yourself navigating a good news/bad news situation: while your sales figures climb, managing cash flow becomes increasingly complex, pushing you to seek additional financing to meet the rising demand. Consider this scenario: A couple wanting to sell their house expresses interest in your remodeling service, presenting an exciting opportunity that could significantly elevate your construction business.
As mortgage interest rates begin to trend down, housing affordability is improving. According to financial services company Intercontinental Exchange's (ICE) September 2024 Mortgage Monitor Report, mortgage interest rate declines in August 2024 improved home affordability to its best level in six months. Three major U.S. markets—Birmingham, Ala., Des Moines, Iowa, and McAllen, Texas—have returned to their long-term affordability averages, with several other cities nearing this benchmark as
Home price growth is starting to slow down. According to National Mortgage Professional, Fannie Mae recently revised its 2024 home price growth forecast from 4.3% to 4.7%, down from a 6% increase in 2023. The 2025 projection was also slightly lowered from 3.2% to 3.1%. This shift is likely due to improved inventory. Previously, the housing shortage was estimated to be 4 million homes, but now that number has lowered to about 2.8 million homes.
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.
The M62 motorway near Rochdale will undergo two full weekend closures starting this weekend as Network Rail’s £22M bridge replacement at Castleton gets underway. The post M62 closures start this weekend for £22M post-tensioned railway bridge replacement appeared first on New Civil Engineer.
Why the Construction Industry Needs More Data Scientists Learn how the integration of data science in construction can optimize project management, resource allocation, and risk mitigation for better outcomes. The post Why the Construction Industry Needs More Data Scientists appeared first on ConstructionPlacements.
Surveying work on land and in the waters surrounding Port Talbot in Wales is set to commence as part of the Future Port Talbot programme. The post Surveying set to start for scheme to turn Port Talbot into ‘green energy hub’ 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.
Solar panels on public lands in Nevada. Photo courtesy BLM Southern Nevada District Office A proposed roadmap for solar energy development has been introduced to expand efficient and environmentally responsible solar projects across the United States. The proposed Western Solar Plan builds on the Investing in America agenda to achieve a 100-percent clean electricity grid by 2035.
Lowestoft’s £146M Gull Wing bridge will open to the public tomorrow, Saturday 7 September, after contractor Farrans recently completed its construction. The post Lowestoft’s £146M Gull Wing bridge to open to public this weekend appeared first on New Civil Engineer.
A “pioneering” investment model has been launched in Scotland to support startups worth over £760M engaged in accelerating the energy transition. The post New investment model launches in Scotland to support energy transition ‘unicorn’ companies 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.
ASTM International, originally known as the American Society for Testing and Materials, is an international standards organization that develops and publishes voluntary consensus technical standards for a wide range of materials, products, systems, and services. The organization’s headquarters is in West Conshohocken, Pennsylvania, about 5 miles northwest of Philadelphia.
The Great British Energy Bill has passed through parliament with a majority of 253 where MPs voted 348 to 95 in favour. The post Great British Energy Bill gets through second reading with majority of 253 appeared first on New Civil Engineer.
Matern Professional Engineering is proud to announce the completion of the design phase and ongoing construction oversight for the transformative renovation of the Collier County Main Campus Energy Plant. This ambitious project features a 2,000+ ton chilled water thermal energy storage system, including a 14,000 ton-hour Thermal Energy Storage (TES) tank.
Balfour Beatty has been awarded a £27M contract by Perth and Kinross Council to establish a flood protection scheme in Comrie, aiming to protect 189 properties. The post Balfour Beatty Secures £27M contract for Comrie Flood Protection in Scotland 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.
Peers have called for the Building Research Establishment (BRE) to be stripped of responsibility for certifying modern methods of construction (MMC), following criticism in the Grenfell Inquiry’s final report. A House of Lords debate on MMC yesterday (5 September) also heard calls from across the… The post Calls for research centre to stop certifying MMC post-Grenfell appeared first on Construction News.
The UK construction sector recently received some good news, with S&P Global recently unveiling that it has seen its fastest pace of activity in over two years. The post Apprenticeships may be what the engineering sector needs to solve its worker shortage appeared first on New Civil Engineer.
For small service businesses like landscaping, construction, or plumbing, marketing can be a puzzle. You don’t have a massive marketing budget, but you still need to drive business and make sure people know who you are and what you do.
A cloverleaf interchange is a two-level interchange at which left turns are done by ramp roads (reverse directions in left-driving regions) (US: ramps, UK: slip roads).
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.
PREMIER Design + Build Group, LLC is pleased to announce that Rodney Shank joined the company as a General Superintendent of its Northeast region. Shank brings more than 30 years of experience delivering projects from preconstruction to closeout in a wide range of markets. “Rodney will be a huge asset to the PREMIER team,” says PREMIER’s National Director of Construction Mark Melone.
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