Almost 70,000 construction industry professionals filled the Las Vegas Convention Center Jan. 31 – Feb. 2, 2023, for what was the largest NAHB (National Association of Home Builders) IBS (International Builders Show®) in years. Attendees took advantage of more than 100 educational opportunities and over 1,300 construction industry exhibitions targeting light construction ideas and solutions. The 3-day […]
Construction Industry Bests: IBS 2023 Read More »
AP (accounts payable) is a critical component of your company’s 2023 management because it impacts your income and profits. There are three accounts payable construction trends impacting our industry this year. In a small business, the person who pays your vendors, subcontractors, and collects tax info for your tax professional is your accounts payable department. This is a
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“Contech” is a relatively new word because construction technology is in its infancy. We were slower to implement construction industry technology than other industry sectors, but we’re catching up fast. Construction people are problem solvers. So that’s what we want from our technology: solutions. Here are several contech innovations that will provide answers to some
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What is stronger than steel, more robust than concrete, and more flexible than wood? Bamboo is the new and trending sustainable material for the construction industry, but it’s older than time. The bamboo plant was here before humans. Chinese people used it to construct houses 5,000 years ago. Money in the hand is the Yankee
Green Steel in the Construction Industry Read More »
The future looks greener. And for investors, the microgrid market from 2023-2028 will be very green indeed. The global microgrid market was about $28,781.63 million USD in 2021. It is anticipated to reach $63,365.02 million USD by 2028. It’s likely 2023 may be a pivotal year for construction industry microgrid development. As microgrid development becomes
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SOSDY: Same old situation; different year. And maybe that’s a good thing because we don’t want nor need another 2020. Construction starts should be similar to 2022. Dodge Data & Analytics Chief Economist Richard Branch says it may feel like a recession for parts of the construction industry, but nothing like the Great Recession (December
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If you study construction trends, forecasts, and challenges, you may feel a lot of confusion. There are many seemingly inconsistent predictions for 2023. All 2023 predictions/contradictions have legitimacy based on facts and analyses. The best we can do is continue to read what’s shared by reputable sources and apply our own, local economics knowledge and
2023 Construction Trends: Better, Worse, or About the Same? Read More »
The Build America Buy America Act, developed in November 2021, defined a domestic content procurement preference for all federally funded infrastructure projects developed after May 14, 2022. Will Build America Buy America negatively impact the construction industry? Maybe, but the positive outcomes should eventually outweigh the challenges. Companies working on infrastructure projects appealed to lawmakers…for a waiver
Construction Industry Braces for Build America Buy America Read More »
Many construction business firms are family-owned and operated. There are plenty of variables and challenges to construction company management these days, but one thing’s for sure: Today’s building and supply chain environment works nothing like your grandparents’ or parents’. A construction business legacy is an advantage. But IndustryDive and studioID say legacy software for supply chain solutions can
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Construction materials substitutions are often a key cause of conflict between contractors, architects, and clients. In a spring 2022 webinar, New Home Trends Institute (NHTI) Manager Allie Martin shared information about exterior construction materials and design trends for residential indoor-outdoor lifestyles. Three of those evaluations and their findings were: 1. Re-Think Exterior Construction Materials Spending The
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