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Pending home sales in the U.S. are back up, posting the highest gain since 2021. According to housing market platform Redfin, pending home sales rose 2% in the four weeks ending Oct. 6, marking the largest increase in three years. Additionally, mortgage-purchase applications increased by 8% month-over-month, and new listings are up 5.7% year-over-year.
Stuart Green is a professor in the School of Construction Management and Engineering at the University of Reading The phase two report of the Grenfell Tower Inquiry offers little comfort for those who work in construction. The report also highlights systemic failings on the part… The post Post-Grenfell we need less contract trading and more regulation appeared first on Construction News.
In his WDBE keynote, Mark Bryan identified three major inventions transforming AEC: AI, Connected Devices, and Biotechnology. The post Tech Supercycle: Preparing Your AEC Firm for the Future appeared first on AEC Business.
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 This guide details how industry leaders are replacing outdated budgeting with incremental funding, adopting regional procurement, and using digital tools for real-time financial oversight.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.
How to get your construction team engaged and on board with new processes 0 dbarista Thu, 10/10/2024 - 09:48 Contractors Discover practical strategies to boost employee engagement and create a collaborative environment where your team feels valued and motivated to contribute to your company’s vision. Todd Dawalt, Founder of Construction Leading Edge Contractors Did you know that only 15% of employees are engaged while the rest of the 85% isn’t?
Four root causes have been identified by the National Infrastructure Commission as being behind systemic failures of cost management on major infrastructure projects in a new report ‘Cost drivers of major infrastructure projects in the UK’. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.
Four root causes have been identified by the National Infrastructure Commission as being behind systemic failures of cost management on major infrastructure projects in a new report ‘Cost drivers of major infrastructure projects in the UK’. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.
Yesterday the PC Construction team gathered with partners from Weidmann Electrical Technology , Hill-Engineers, Architects, Planners , and local officials to celebrate the groundbreaking for the approximately $44 million expansion at Weidmann’s St. Johnsbury, Vermont, facility. The project, which will allow Weidmann to increase manufacturing capacity, includes three major components: the construction of a 10,000-square-foot free standing pre-engineered warehouse building, a 21,500-square-foot ad
I sat down with Viktar Beliakou, the founder of Enjicalc, to discuss a new computational tool designed to streamline engineering calculations. The post This New Tool Could Change How Engineers Work—Meet the Visionary Behind Enjicalc appeared first on AEC Business.
External factors, such as economic changes or technological advances, can significantly impact whether a business will thrive or fail. The rise of sharing and gig economy apps is an excellent example. These apps gave consumers more affordable options for daily tasks and errands and provided individuals with a new way to earn money on their schedules.
The Treasury has announced that a new National Infrastructure and Service Transformation Authority (NISTA) to replace the National Infrastructure Commission (NIC) and the Major Projects Authority (MPA) will be launched in Spring next year. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.
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.
IRVING, Texas and WESTMINSTER, Colo., — Caterpillar Inc. (NYSE: CAT) and Trimble (Nasdaq: TRMB) today announced the extension of their long-standing joint venture. The agreement includes expanded distribution of grade control solutions in the construction sector to accelerate innovation and customer adoption. Since 2002, the Caterpillar Trimble Control Technologies (CTCT) joint venture has led the industry in grade control solutions, delivering products that contribute to jobsite safety and pr
The surging net migration of immigrants into the United States since 2022 is boosting labor availability, job creation, and housing demand, especially in the rental sector
The new chair of the Parliamentary transport select committee Ruth Cadbury has told NCE she doesn’t think the aviation sector properly compensates for its climate impact. The post New transport select committee chair says aviation doesn’t compensate for climate impact 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.
The new signature 266-foot pedestrian bridge was designed with community input, opens in 2026 Buffalo, N.Y. – The 266-foot Ralph Wilson Park bridge was successfully installed over the I-190, marking another important milestone in the complex construction project underway at the park. Designed with community input to increase access to the waterfront, the bridge will create a stunning new pedestrian and bicyclist entrance to Ralph Wilson Park when it opens to the public in early 2026.
The ongoing housing shortage means more skilled construction workers are needed. How many more? According to a report from the Home Builders Institute, the U.S. will need to hire 723,000 new construction workers per year to address the housing deficit. Currently, there are 8.3 million workers employed in construction throughout the U.S., with 3.4 million of them working in residential construction.
The global pursuit of small modular reactor (SMR) technology could feed into the development of nuclear warheads. The post Could small modular reactors be used to create nuclear warheads? appeared first on New Civil Engineer.
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.
Phelps Construction Group named presenting sponsor of Prudential Center’s The Lofts Newark, NJ — The New Jersey Devils and Prudential Center announced today a multi-year partnership expansion with Phelps Construction Group , naming them the presenting sponsor of The Lofts premium hospitality space at Prudential Center. To view photos of the new signage, please click here.
With an ongoing housing shortage, more skilled construction workers are needed. According to a report from the Home Builders Institute, the U.S. will need to hire 723,000 new construction workers per year to address the housing deficit. Currently, there are 8.3 million workers employed in construction throughout the U.S., with 3.4 million of them working in residential construction.
HM Treasury has confirmed that its 10-year infrastructure strategy and new body combining the National Infrastructure Commission (NIC) and the Infrastructure and Projects Authority (IPA) will launch in spring 2025. The post Treasury details 10-year infrastructure plan and new delivery body to be launched in spring 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.
$20M project allows theme park to provide ample parking during continued expansion Carlsbad, Calif. – McCarthy Building Companies, Inc. (McCarthy), one of the largest and most diversified construction companies in America for over 160 years, today announced the topping out of the new LEGOLAND California Resort parking structure. The structure allows the LEGOLAND California Resort to increase parking accommodations for guests and facilitate park expansion and development with new attractions and
With rising mortgage rates, homeowners are less inclined to refinance and are instead using home equity loans and home equity lines of credit (HELOCs) to tap into their equity. According to property information services provider Corelogic, many homeowners are choosing to keep their low-rate mortgages and opt for these alternatives rather than cash-out refinancing.By mid-2024, home equity lending hit its highest level since 2008, with over 333,000 new loans nationwide totaling $23.6 billion.
The working stress method (WSM) is the first theoretical method for structural design that evolved in the 1900s and was accepted by the national codes of practice for the design of reinforced concrete sections.This article explains in detail the philosophy of the working stress method and the assumptions followed for the design of structures by the WSM method.
Speaker: Donna Laquidara-Carr, PhD, LEED AP, Industry Insights Research Director at Dodge Construction Network
In today’s construction market, owners, construction managers, and contractors must navigate increasing challenges, from cost management to project delays. Fortunately, digital tools now offer valuable insights to help mitigate these risks. However, the sheer volume of tools and the complexity of leveraging their data effectively can be daunting. That’s where data-driven construction comes in.
Cost effective pump engineered to meet rigorous demands Erie, PA — Finish Thompson Inc. (FTI) , an international leader in the corrosive chemical transfer industry, highlights its line of air-operated double diaphragm (AODD) pumps under its FTI Air division. These state-of-the-art pumps are engineered to meet rigorous construction and utility demands, providing versatile application capabilities, material compatibility, and ease of use.
The marketplace is challenging for both buyers and sellers right now, and because of that, more homeowners are investing in renovations. According to a report from real estate technology company Clever Real Estate, high prices and rising interest rates make it difficult for many to move, so homeowners are choosing to update their current homes instead.
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