Here are some promising predictions for U.S. construction starts next year. Dodge Data and Analytics expects total U.S. construction starts to rise to nine percent to $612 billion. Details are included in the 2015 Dodge Construction Outlook, which concludes support will be more broad-based than in previous years. Robert Murray, Dodge’s…(Read More)
When it comes to supply and demand in the coming year, what role will construction play? Research from CareerBuilder finds there will be brisk job activity for those with college degrees, such as industrial engineers, marketing executives, network and computer system administrators, and nurses. The positions that don’t require degrees that are on the…(Read More)
A reduced reliance on paper forms is saving construction companies money. According to estimates, the average cost of paper per employee is $80, says Jason Peck, marketing director at Canvas, a cloud-based software company. “It takes an average of 18 minutes to find a paper document, and a whopping 70 percent of businesses would…(Read More)
Adaptive reuse projects are popping up in cities around the U.S. as construction companies convert old buildings into hotels. One such mini-boom is taking place in Chicago. Many developers are turning to redevelopment rather than ground-up construction, writes Bob Geiger on GlobeSt.com. “Like the high tech industry, the hospitality industry is…(Read More)
U.S. construction spending fell in September, as investments in both public and private projects dropped. This was the second straight month of decline, according to Reuters.com. The Commerce Department says the September rate inched down 0.4 percent to an annual rate of $950.9 billion. http://www.reuters.com/article/2014…(Read More)
If a prime contractor gets hit with bills because of the work their subcontractors performed, things can get dicey. The situation gets more complicated when legal action ensues. Read this post to see how the courts in one state handled this disagreement. The comments that follow are interesting as well. http://constructionpronet.com/Content_Free…(Read More)
Favorable economic conditions are continuing in the hotel construction sector. Lodging Econometrics reports that Q3 had 3,516 projects consisting of 443,936 rooms. “The Pipeline has posted double-digit Year-Over-Year (YOY) increases for four consecutive quarters in both projects and rooms,” according to LodgingEconometrics.com. “In 3Q14, YOY increases are up 25…(Read More)
The construction, transportation, and health care industries are among those with high levels of interest in GPS-type technology. Indoor positioning technology offers wireless location services on mobile devices for locating objects or people when inside a building, according to Fieldlens.com. It can encompass a variety of evolving technologies, such as beacons that send…(Read More)
New research from McGraw Hill Construction finds that educators are committed to environmentally friendly building. The New & Retrofit Green Schools study indicates social benefits, such as improved health and productivity, are critical drivers for the education sector. A post on Construction.com also states these factors are equally as important as financial drivers. “Over…(Read More)
Construction positions that require client-facing work pay better wages than jobs that don’t emphasize face-time, according to research from FMI. The firm provides management consulting, investment banking, and research to the engineering and construction industry. Duane Craig writes on ConstructionInformer.com that since the 2008 recession, some fundamentals in the industry have…(Read More)
