In 2022, the World Economic Forum reminded us the built environment – the construction industry – accounts for 39% of gross annual carbon emissions worldwide. Cement manufacturing causes 8% of global air pollution. Reducing carbon emissions is something the construction industry is taking seriously. Evaluating the types of materials we use and data-tracking (using real-time analytics to […]
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It felt as though construction costs for materials might be stabilizing in 2023 but perhaps we are becoming more comfortable with uncertainty. Building Design & Construction Network says 2023 year-end reports indicate an “overall” equilibrium but with variations. We’ve seen decreases in aluminum, lumber, and steel pipe costs and double-digit price increases in concrete, glass, gypsum,
Q3 2023 Construction Costs Insights Read More »
Construction company interns are not employees. They aren’t volunteers. Even if their training and treatment may be exactly as your company culture dictates, liability and legalities are not the same, so it’s important to understand internship labor laws. Construction companies especially can use unpaid internships to increase the company talent pool and that’s okay. Even better, most
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If you want to attract high-level workers, you need to offer more than good pay. And BenefitsPro.com says today’s workforce doesn’t get excited about traditional cookie-cutter company benefits. To increase job satisfaction, construction business owners and managers should consider more contemporary employee benefits. Eldercare, fertility treatments, pet care/doggy daycare, and tuition reimbursement are examples of nontraditional
Your Construction Business & Worker Benefits Read More »
Historically, construction sales utilized the standard sales formulas for success. Selling jobs required building trust and a reputation for delivering quality work, on-time, within-budget. Today’s DIY (do-it-yourself) homeowners may not have the repair and remodeling skills your grandpa did, but they will do what it takes to get what they want, and the internet is
Increasing Construction Sales Read More »
Single-family home remodeling is on a slight downward trend which you can expect to continue in 2024. The Leading Indicator of Remodeling Activity report predicts a 5.9% decrease (from $486 billion to $457 billion) in home renovation spending through 2Q24. Work-from-home hit an all-time high in 2021, and remodels also soared “to an unprecedented height,” says
Construction Industry Home Trends Read More »
Some say the current era is “The Age of IoT.” (This references a time when technology – software, sensors, etc. – is embedded into almost literally everything; the Internet of Things.) But that era-definition seems to have become less frequently referenced lately and the reason could be we haven’t actually defined what is going on here
Construction Industry Business-Building Events 2023-2024 Read More »
Single-family home remodeling is on a slight downward trend which you can expect to continue in 2024. The Leading Indicator of Remodeling Activity report predicts a 5.9% decrease (from $486 billion to $457 billion) in home renovation spending through 2Q24. Work-from-home hit an all-time high in 2021, and remodels also soared “to an unprecedented height,”
Construction Industry Home Trends Read More »
Naturally, headlines and housing construction statistics influence our industry. But building products’ market research company The Farnsworth Group says there are other, more difficult metrics also at play, like what builders are feeling, why they feel that way, and how those attitudes impact their businesses. At this year’s National Association of Home Builders conference, a positive
Remodels, Multi-, Single-Family Construction Forecasts Read More »
Construction spending will go up next year, but modestly at best. After the “scorching” growth rate of 2023, construction spending had logically only one direction for 2024. Down. …After the surge this year, market spending growth is expected to come back to earth in 2024. Forecast panelists are calling for a modest 2% increase in
AIA Report & Construction Spending Forecasts Read More »
