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Women in the Construction Industry
More women are in the construction industry than ever, but there’s still plenty of room for improvement. The construction industry hasn’t had it easy. Not only have there been supply chain strains, but the industry also lacks qualified workers. However, while the supply chain strains are a recent, COVID-19-related issue, the industry has struggled to attract workers for years. COVID-19 simply worsened the situation. For many young people, construction hasn’t been an attractive option for years. Instead, they’re attending school ...
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Environmental regulations in construction 2022 — What’s changing?
Read the original article by clicking here. Building regulations are crucial drivers for change. Over the last decade, regulatory compliance was concentrated on LED bulbs, energy-efficient ventilation and insulated buildings. Today, the focus is shifting more and more towards material selection and upfront carbon. Designing with operational carbon in mind is obviously helpful, yet not adequate to ensure future compliance and long-term asset value. Energy and carbon metrics are complementary and are key factors in decarbonizing the building stock. More ...
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Nonresidential Construction Spending to Increase Through 2023
Read the original article by clicking here. AIA projects spending on buildings to increase just over nine percent this year. Construction spending on buildings is projected to increase just over nine percent this year and another six percent in 2023, according to a new report from the American Institute of Architects (AIA). While the outlook for the broader economy has become more uncertain, the prospects for construction spending have improved since the beginning of the year. The outlook from the AIA ...
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Building Construction to Continue Strong Through 2023, AIA Forecasts
Read the original article by clicking here. Construction spending on buildings is projected to increase just over 9 percent this year and another 6 percent in 2023, according to the mid-year update of the American Institute of Architect’s AIA Consensus Construction Forecast. Posted Michael Roth Construction spending on buildings is projected to increase just over 9 percent this year and another 6 percent in 2023, according to the mid-year update of the American Institute of Architect’s AIA Consensus Construction Forecast ...
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Read the original article by clicking here. Construction consultant Linesight released new data showing that stability may be returning to the cost of construction materials in the U.S., even as IHS Markit’s Engineering and Construction Cost Index forecast a slowing rate of construction-input inflation in the coming six months. Construction inflation has a lot of momentum supported by supply-chain dysfunction, energy and labor cost increases. The IHS Markit index, a leading indicator measuring wage and material inflation for the engineering, procurement and construction sector, ...
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Trends Shaping The Building Materials Industry Outlook In 2023
Read the original article by clicking here. COVID-19 impact on building material supply chains 30% of building materials are produced in China, and stone and glass are made in Italy. Both countries were hard hit in the first quarter. Construction companies have reported shortages throughout the pandemic, and home buying has declined worldwide. Consumers have become less brand loyal and more focused on procuring building materials. Additionally, specific types of materials, such as plexiglass and window clings, have experienced significant ...
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2022 U.S. Construction Cost Trends
Read the original article by clicking here. Executive Summary
  • A confluence of events—including soaring construction demand, inflation, pandemic-related restrictions, supply chain disruptions, labor shortages and the war in Ukraine—are spurring rising costs and uncertainty across the construction industry.
  • CBRE’s new Construction Cost Index forecasts a 14.1% year-over-year increase in construction costs by year-end 2022 as labor and material costs continue to rise. Escalation should stabilize to the 2%-4% range in 2023 and 2024, on par with historical averages.
  • Overall ...
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11 Construction Industry Trends to Watch (2022-2025)
Read the original article by clicking here.  According to McKinsey, construction is the largest industry in the world. And it makes up about 13% of global GDP. But it is also one of the slowest growing. However, new construction technologies are looking to speed up the rate of change. Read on to learn about some of the most important trends in the construction industry. 1. The Virtual Construction Market Sees Rapid Growth The construction industry is increasingly adopting a variety of ...
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Why Is There a Building Material Shortage?
It’s no secret that the pandemic has taken its toll on a lot of industries, slowing them down. So far, the construction industry seems to have gone the other way. Where others have struggled with huge losses and massively disrupted supply chains, the construction market seems to follow an upward trend, mainly due to the high demand from both industrial and residential construction sectors. The high demand is justified, as there is an uptick in real estate development in the ...
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All About the Cement Shortage
Written by Morgan Kaenzig de Denus, AMAST Content Since the onset of the COVID-19 pandemic, shortages have been a common occurrence. Today, many parts of the U.S. are facing a shortage of cement and concrete. Concrete is the most common construction material due to its versatility, strength, durability, and cost-effectiveness. Each year, the world uses over 30 billion tons of concrete for everything from foundations to pools to roadways. However, there’s a slight problem this year. Though construction activities and ...
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The Biggest Opportunities for Sustainable Construction in 2022
Read the original article by clicking here. As eco-consumer rates increase globally, industries search for pollution reduction methods. The United Nations Paris Agreement supports the shift towards sustainable development. It established a goal of reducing society's greenhouse gas emissions and preserving the planet. Post-industrial countries are also creating independent regulations, improving conservation efforts. Many target the construction industry because of its high atmospheric and surface-level pollution production. Researchers predict five opportunities in 2022 will increase the sustainability of development. Environmental ...
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Top 5 Mid-Year 2022 Construction Industry Trends
Read the original article by clicking here. Despite a strong construction market, contractors today are almost universally experiencing five sources of pain. We describe some of those sources and give our suggestions for how to alleviate that pain. 1. Use contract terms to address Inflation and supply chain Inflation and supply chain challenges are inflicting pain that contractors haven't seen since the 1970s. Existing contract terms simply don't address these issues, and we recommend that you structure bids and contracts ...
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10 Trends That Will Shape the Future of Construction
Read the original article by clicking here. The Association of Equipment Manufacturers (AEM) Vision Team and Futures Council recently detailed ten future construction trends. 1 Increased regulation of carbon-based fuels spurs adoption of alternative power solutions. Further pushes for alternative energy sources are likely to add complexity to the assembly of construction fleets through new restrictions and mandates. Case in point: the United States’ goal of reducing greenhouse gas (GHG) pollution by over 50% from 2005 levels by 2030. A ...
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Building Materials Prices Move Higher, Up 19% Year-over-Year
Read the original article by clicking here. According to the latest Producer Price Index (PPI) report released today by the Bureau of Labor Statistics, the prices of goods used in residential construction ex-energy (not seasonally adjusted) climbed 0.5% in April, following upwardly revised increases of 1.9% and 2.4% in March and February, respectively. This adds up to an 4.9% increase in building materials prices since the start of 2022. Year-over-year, building materials prices are up 19.2% and have risen 35.6% ...
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Drones in the Construction Industry
Written by Morgan Kaenzig de Denus, AMAST Content Drones are already revolutionizing the construction industry—and they’re only going to become more popular. The construction industry is inefficient. According to a McKinsey study, large construction projects generally take 20% longer than expected. On top of that, they can be up to 80% over budget. The key to making the construction process more efficient may lie in commercial drones. While the construction industry has lagged behind others in drone adoption, many companies ...
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Researchers harness algae to ‘grow’ construction cement
By BRUCE FINLEY Read the original article here. DENVER (AP) — The massive worldwide pouring of concrete as developers densify cities could be transformed, eliminating heat-trapping pollution into the atmosphere, by switching to a new kind of cement created in Colorado — cement that is “grown” by harnessing tiny sea organisms. Urban concrete jungles also would look less gray because the new cement is lighter in color and more reflective. The U.S. Department of Energy this month embraced University of ...
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5 Ways the Construction Industry is Changing in 2022 Due to COVID-19 (For Construction Pros)
While almost every industry has been affected by COVID-19, the challenges experienced by contractors have been especially daunting. By Howard Frederick Read the original article here. COVID-19 has forced contractors throughout the world to make significant changes to the ways they work and implement them virtually overnight. And while almost every industry has been affected, the challenges experienced by contractors have been especially daunting. In just a few short months, the impact of the coronavirus has called for extensive changes ...
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How a Long-Sought Bill Could Make Construction Work Less Deadly (New York Times)
Carlos Moncayo, 22, died seven years ago at a Manhattan construction site. A bill on Gov. Kathy Hochul’s desk aims to make conditions safer for workers like him. By Karen Zraick Read the original article here. Carlos Moncayo was just 22 when he was crushed to death by thousands of pounds of dirt at a construction site in Manhattan’s meatpacking district. More than seven years later, a construction safety bill named after him could become law, if Gov. Kathy Hochul chooses to sign ...
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Construction’s labor, economic numbers begin to show cracks (Construction Dive)
Read the original article here Dive Brief:
  • Contractors reported fewer unfilled job openings in May as overall nonresidential construction spending dipped and signs of the slowing economy began to play out on jobsites.
  • Associated Builders and Contractors reported that the number of open construction jobs declined to 434,000 in May. While just 6,000 fewer openings than a month before — and 126,000 more than a year earlier — the decline is notable in a tight labor market where hiring has ...
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Making Concrete More Sustainable Through Restoration (Construction Pros)
Making Concrete More Sustainable Through Restoration By Keith Armishaw Read the original article here. We rely on concrete for many aspects of life—the roads we drive on, the dams that help produce power or control flooding, and structures that form our cities, to name a few. This durable, versatile, cost-effective material has had incredible importance to civilizations for centuries. Yet we’re aware production of the material uses a lot of energy and affects the environment. To date, however, there is ...
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Lumber bubble 2.0 just burst—here’s when to expect the best deals (Fortune)
Lumber bubble 2.0 just burst—here’s when to expect the best deals BY WILL DANIEL Read the original article here. Since the beginning of the pandemic, lumber prices have been more volatile than at almost any other time in history, leading to some major headaches for homebuilders and buyers. In fact, the volatile swings in lumber over the past year alone have pushed the average price of a new single-family home up more than $18,600, according to the National Association of Homebuilders. Over the ...
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Strong Employment Numbers Ease Some Industry Recession Fears (ENR)
Strong Employment Numbers Ease Some Industry Recession Fears (ENR) Read the original article here. By Alisa Zevin Following months of volatility in the stock market, along with record high inflation and supply chain issues, some economists are bracing for a coming recession. In construction, there are always those seeing signs of a coming downturn in the cycle, but others see reasons to remain optimistic. “As of now, I still consider recession unlikely. Employment and wages are still growing strongly,” says ...
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The 8 largest OSHA fines of Q1 2022 (Construction Dive)
4 things every contractor should know about insurance By Read the original article here. For trench safety, fall protection and other violations, the agency doled out hefty fines to contractors, including one for $1.2 million. The eight contractors who faced the heftiest OSHA fines in the first quarter of 2022 received citations worth hundreds of thousands of dollars, with one eclipsing $1 million. For violations ranging from fall hazards to unsafe trenches, read on about the largest fines OSHA ...
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Infrastructure act will draw workers to trades, but training is key: Walsh (Construction Dive)
By Julie Strupp Read the original article here. Dive Brief:
  • The $1.2 trillion Infrastructure Investment and Jobs Act will spur good-paying construction jobs and draw more workers to the industry, said Labor Secretary Marty Walsh at a Washington Post-sponsored online event on Thursday. But to capitalize on the opportunity, further workforce development is needed to bring people into the trades.
  • Walsh said he doesn’t expect the much-decried construction labor shortage to impede IIJA rollout. “[The infrastructure act] will create ...
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All About Bendable Concrete
From Kiwi on ( Written by Morgan Kaenzig de Denu Traditional concrete is brittle and has good load-bearing capacity, but it often fails under tensile load or cracks due to temperature changes or vibrations. However, bendable concrete is strong, resilient, and flexible. Each year 30 billion tons of concrete are used globally, making concrete the second-most-consumed material on Earth. In 2021, the U.S. alone consumed 109 million metric tons of concrete and shipped out 393 million cubic yards ...
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Virtual Reality in the Construction Industry
Written by Morgan Kaenzig de Denus, AMAST Content Virtual reality is becoming increasingly popular in a variety of industries, including the construction industry. It’s easy to assume that virtual reality’s (VR) usefulness starts and ends with gaming, but the truth is that VR has a lot to offer a wide variety of industries—including the construction industry. After all, VR has come a long way in recent years and, much like construction, centers around how people experience space. So, what exactly ...
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Sustainability in the Construction Industry
The construction industry is responsible for a large percentage of our annual CO2 emissions, but things are starting to change for the better.  (Picture) From anncapictures on (  Written by Morgan Kaenzig de Denus, AMAST Content   In October and November, Scotland hosted the 2021 United Nations Climate Change Conference, or COP26. For nearly two weeks, 120 world leaders and thousands of participants gathered to discuss climate change, including how we can accomplish the goals established by the 196 parties ...
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Getting the Most from your Team with Construction Technology
Getting the Most from your Team with Construction Technology MARCH 29, 2022 BY  Read the original article by Procore here. The U.S. Chamber of Commerce recently weighed in on an issue any construction professional can attest to, acknowledging that the labor shortage is one of the biggest obstacles facing contractors today. This imbalance presents a challenge, but also an opportunity. If contractors can leverage the right technologies to their teams’ advantage, they can empower their teams to put every hour ...
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Why modular has not clicked in commercial construction (Construction Dive)
Offsite building techniques should be a boon for the industry, but modular's market share in North America is under 6%. Why? Published March 23, 2022 Visions were grand, forecasts ambitious: Permanent modular construction would change the industry, saving time, money and the environment. But years after its initial adoption in the U.S., it accounted for just 5.5% of new construction last year in North America, according to the Modular Building Institute (MBI). Despite promised cost savings, environmental benefits and quicker return on ...
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Lumber prices fall 22% in March as housing market cools on soaring mortgage rates (Insider)
Read the original article by Insider here. Mar 23, 2022, 11:48 AM Lumber prices are bucking the trend of other supply-constrained commodities and moving lower in March as the housing market shows signs of cooling down. Lumber futures have dropped 22% from their early March high of $1,357 per thousand board feet to $1,054 Wednesday. The ongoing decline comes after new home sales fell for the second straight month in February, missing forecasts. February home sales fell 6% year-over-year ...
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