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Section: Business > Industry Trends
Construction News
Outlook for Homebuilding, Building Materials Stable Despite Headwinds
Reports indicate stability in both homebuilding and building materials even as market challenges continue to loom
August 2, 2019
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Construction News
AI in Construction Market to Reach $4.51 Billion By 2026
Efficiency in construction designing, planning, and other processes is propelling the growth of the AI market
August 1, 2019
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Construction News
Why the Fed Cut Interest Rates for the First Time Since the Recession
Shaky global economic outlook and 2% inflation target has the Trump-harried Federal Reserve taking on some 'insurance' aggression
July 31, 2019
This week's rate cut is accompanied by suspension of the Fed's efforts to reduce an unprecedented five-fold leap in investments intended to stimulate the economy through the recession.
Rental
Why Technology Innovation is Critical in Countering Service Labor Shortage
SmartEquip
We’re having a hard time hiring service techs, but we also benefit from new technologies that can make them three times as productive as they were 20 years ago
July 31, 2019
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Business
Construction Labor Shortage: Look Beyond Industry Walls for Workers
The industry needs to spread the word outside of the construction community about opportunities in construction
July 17, 2019
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Concrete
Demand for Residential Pool Construction is Sinking
The market for residential pool construction and repair in the United States is still struggling to recover from the 2008 recession.
July 3, 2019
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Construction News
May US Construction Spending Slips on Nonresidential’s First 2019 Decline
The tenth residential-spending decline in 12 months, sinking commercial construction, and a road turn-around bury year-to-date growth in multifamily residential, manufacturing and office
July 2, 2019
Private and public construction spending both slid in May on continued single-family residential and commercial construction decline, plus a 3.2% turn-down in highway and street spending.
Construction Technology
Beat the Labor Shortage by Building Skills with Technology Training
Look for the necessary "soft skills" first, then enroll new hires in a training program right away
June 28, 2019
Ryne DeBoer, vice president of Morey
Business
[VIDEO] Public Nonresidential Spending to Lead Weak 2019 Construction Growth
FMI Corporation
FMI's Q1 2019 North American Construction Outlook forecasts total US engineering and construction spending to rise just 1% in 2019, compared to up 4% in 2018
June 28, 2019
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Labor & Workforce Development
Construction Labor Mythbusting
Recent surveys reveal the top myths perpetuating the construction labor shortage and suggestions as to how to bust these myths and bring in new workers
June 27, 2019
Myth Busted
Equipment
Mortenson to Deploy Autonomous Equipment on Remote Worksites
Mortenson is teaming with Built Robotics to solve issues on remote sites and cope with labor shortages through fully autonomous construction equipment
June 5, 2019
Mortenson will be deploying fully autonomous equipment for some of the more repetitive jobs on renewable energy construction projects in remote locations.
Business
Solutions for Finding Skilled Labor
Construction companies that don’t want to fall victim to the skilled labor shortage need to think about their strategies for recruiting employees
June 3, 2019
Construction companies should identify and begin recruiting local individuals before they begin college.
Business
Marcum Commercial Construction Index Reports Industry Surging in the US
Q1 2019 Index reports highest levels of private nonresidential construction spending ever recorded, bolstered by nearly 11% 12-month surge in manufacturing construction
May 30, 2019
Private nonresidential construction spending exceeded $460 billion in March on a seasonally adjusted, its highest observed level since the Census Bureau began tracking the series in 2002.
Machine Grade Control, GPS, Laser & Other
Construction Robotics Market Forecast to Reach $226M by 2025
Market-intelligence firm Tractica forecasts more than 7,000 construction robots will be deployed over the next six years
May 16, 2019
Market-intelligence firm Tractica forecasts annual spending on construction robots will increase nearly ten-fold by 2025, growing from $22.7 million in 2018 to $226.0 million.
Rental
From Labor to Social, Rental Businesses Face Wide Variety of Challenges
Rental professionals from around the country reveal the chief challenges facing their businesses. Responses ranged from the fickleness of social media to the labor shortage and more.
May 16, 2019
Challenges 2
Rental
Tennessee Rental Company Supplies Equipment to Ease Customers' Labor Shortage
Finding and retaining workers has been a challenge for contractors, but Williams Equipment and Supply has avoided the pain with competitive wages, attractive benefits, and adapting to the millennial workforce.
May 16, 2019
Tennessee
Construction News
Trump’s Raised Chinese Tariffs Made Home Construction Much More Expensive
National Association of Home Builders says last week’s tariff increase equals a $2.5 billion increase in US home construction costs
May 13, 2019
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Construction Technology
Digitization of Construction Industry Could Close $1.6T Productivity Gap
McKinsey & Company
Propeller's 2019 Construction Industry Trends Report outlines how up-to-date project data can close the productivity gap, digitize worksites and prepare them for the future
May 7, 2019
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