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The rental market slowdown seems to be stabilizing as the summer season continues. According to housing market data platform Zillow, rents are rising at their fastest rate in nearly a year, with the typical U.S. rent now at $2,054. Year-over-year, rents increased in both the single-family and multifamily sectors. Single-family home rents were recorded at $2,288, increasing 0.4% from May to June 2024 and up 4.7% year-over-year.
While home prices are increasing, recent research shows buyers’ expectations don't necessarily align with current prices. According to the National Association of Home Builders’ Eye On Housing blog, 38% of buyers expect to pay less than $250,000 for their next home, and 19% expect to pay less than $150,000. However, this may be unrealistic for most buyers as just 5% of home starts in 2023 were priced below $250,000.
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 This guide details how industry leaders are replacing outdated budgeting with incremental funding, adopting regional procurement, and using digital tools for real-time financial oversight.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.
While home prices are increasing, recent research shows buyers’ expectations do not necessarily align with current prices. According to the National Association of Home Builders’ Eye On Housing blog, 38% of buyers expect to pay less than $250,000 for their next home, and 19% expect to pay less than $150,000. However, this may be unrealistic for most buyers as only 5% of home starts in 2023 are priced below $250,000.
The 10-mile section of new canal will provide critical water supplies to farmers in California’s Central Valley Stantec, a global leader in sustainable design and engineering, along with the Bureau of Reclamation and Friant Water Authority, has announced completion of the first phase of construction for a 10-mile section of the Friant-Kern Canal Middle Reach Capacity Correction Project.
A new paper, “Implementing Digital Visual Management: A Case Study on Challenges and Barriers,” discusses situational management in complex infrastructure projects. It’s worth reading for anyone interested in improving project management with digital tools. A complex infrastructure project The authors interviewed nine project management professionals who worked for the client on constructing the western part […] The post A New Study on Implementing Digital Visual Management appeared first
Skadi Series GNSS receivers put the power of RTK In Your Hand through several new unique, patented features that maximize field productivity, safety, and flexibility during high-accuracy data collection MONTREAL, CANADA – Eos Positioning Systems, Inc., (Eos), the award-winning Canadian designer and manufacturer of global navigation satellite systems (GNSS) receivers, announced today the release of a brand-new product line: the Skadi Series.
The rental market slowdown seems to be lessening as the summer season continues. According to housing market data platform Zillow, rents are rising at their fastest rate in nearly a year, with the typical U.S. rent now at $2,054. Year-over-year, rents increased in both the single-family and multifamily sectors. Single-family home rents were recorded at $2,288, increasing 0.4% from May to June 2024 and up 4.7% year-over-year.
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.
Holmdel, NJ – Colliers Engineering & Design, a national multi-discipline engineering, architecture, design and consulting firm, is pleased to announce it has completed its previously announced acquisition of Phase Zero Design Corporation, a commercial architecture, interior design, and branding firm with offices in Simsbury, CT, Hingham, MA and Cary, NC.
As technology progresses, its use in the construction industry has become more prevalent. Because of this, cybersecurity measures have become more necessary. According to For Construction Pros, there are a number of measures construction professionals can take to protect their businesses from online threats, such as phishing, hacking, and ransomware.
The Planning Inspectorate has ruled that National Highways does not have to remove the concrete infill from beneath a 100-year-old bridge in Norfolk, going against the local council’s order. The post Order for National Highways to remove historic bridge infill reversed by Planning Inspectorate appeared first on New Civil Engineer.
In the age of environmental consciousness, the construction industry is experiencing a shift towards sustainable practices. Builders, contractors, architects and homeowners are increasingly opting for eco-friendly alternatives that both enhance aesthetics and reduce their environmental impact.
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.
StoneWorks kcichowicz Thu, 07/11/2024 - 07:54 StoneWorks is builders' one source solution for manufactured stone veneer. From pre-construction and manufacturing to delivery and installation, StoneWorks turnkey philosophy ensures that builders receive the total stone experience with only one point of contact from start to finish. Now that's turnkey.
Water regulator Ofwat has slashed £16bn from the sector’s proposed investment over the next five years, to the water companies’ consternation, and introduced a new funding model for major projects. The post Ofwat cuts £16bn from water sector plans and introduces new funding model for major projects 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.
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As the construction industry continues to become more digitally connected, let's talk about how the industry can prevent, protect, and prepare for these types of threats and attacks. Part one of a four-part series on cybersecurity.
Construction of four 16m high piers is now complete on High Speed 2’s (HS2’s) 150m long Curzon 2 viaduct, which will take high-speed trains in and out of Birmingham. The post ‘Giant’ piers completed on HS2’s tallest Curzon approach bridge in Birmingham 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.
The Importance of a Civil Engineering Experience Certificate Learn the significance of a Civil Engineering Experience Certificate. Learn how it validates your practical skills, impacts job opportunities, and enhances your career growth. The post The Importance of a Civil Engineering Experience Certificate appeared first on ConstructionPlacements.
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Specialised Roading Equipment’s four-metre telescopic sprayer provides a compact yet powerful spraying unit. Images: SRE. Specialised Roading Equipment’s new telescopic sprayer represents the evolution of the conventional fixed wing design, giving customers a new foot in the door to the spraying world. T wo thousand kilometres may sound like a massive distance, but for New Zealand-based Specialised Roading Equipment (SRE), the distance to Australia feels much closer.
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Image courtesy of the Queensland Government. Construction on the third stage of the Gold Coast Light Rail project is progressing, with a total of 28 kilometres worth of rail set to be installed along the project route. The project is delivering a new 6.7-kilometre extension of the existing public transport network and will feature eight stations, the addition of the newly delivered trams, as well as dual track in the centre of the Gold Coast Highway.
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