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,” …
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 …
It’s hard to believe we’re wrapping up this year and putting action plans in place for the next. The construction industry faced record labor and materials shortages, supply chain challenges, and unstable pricing throughout much of 2023. No wonder there already are concerns about 2024. One way to lessen the need for damage control is …
“Construction aggregate” is a somewhat broad characterization of particulates that include crushed stone, gravel, recycled concrete/recycled materials, sand, and slag. Aggregates are the most mined materials in the world. They can add resistance, stability, and volume to erosive materials. They are just rocks, after all.–Sara Feuling, AEM Senior Director of Construction Aggregates: Some of the …
Sharks have a bad reputation and much of it is earned. But their predator status benefits us by promoting ocean health by balancing the underwater diversity and recycling nutrients. Author and motivational coat Walter Bond says his shark mindset can be the model for construction business success. Using the ‘Sacred Six’ In Your Construction Business …
Almost every construction company needs financial assistance at some point. Construction loans for businesses are available in all shapes and sizes from lending institutions of all kinds. These are 5 types of loans that can work best for small businesses in the construction industry: Construction project leads can be the best way to generate income. And …
Construction companies have an aging workforce. The newer, younger employee is adamant about workplace changes that encourage personal development and livable wages. Trends are what shape future standard operating procedures. The construction industry is now embracing a trend that’s been in practice for quite a while but is relatively new to us. Upskilling is a workplace …
BIM (building information modeling) software is critical to your company. But architecture, engineering, and construction (AEC) workstation hardware and equipment are another investment that calls for careful consideration. Here are some takeaways from a Construction Business Owner whitepaper you may want to download. Before you invest in BIM hardware: One of the final whitepaper insights is that …
