2021: Building Momentum In The Construction Indust...

2021: Building Momentum In The Construction Industry Post-COVID-19 (Forbes) Read original article here. As we look to the post-COVID economy,Β positive signs are emerging in many key economic indicators β€” declining unemployment, increased spending, and rising consumer sentiment. As a builder turned banker, construction numbers are a factor that I monitor closely in terms of one

Global Prefabricated Buildings Market to Reach $15...

Global Prefabricated Buildings Market to Reach $153.7 Billion by 2026 (Globenewswire) Read original article here. Abstract: Global Prefabricated Buildings Market to Reach $153. 7 Billion by 2026. Prefabricated homes, also known as prefab homes are those that have been constructed with the help of prefabricated building materials. Reportlinker.com announces the release of the report “Global

US construction spending stalls (theconstructionin...

US construction spending stalls (theconstructionindex) Read the original article here. Growth in residential work in the USA in July and August was negated by a decrease in other areas of construction. Ken Simonson Furthermore, work in most of the infrastructure categories, such as highway construction, declined in the first eight months of 2021 compared to

America is short more than 5 million homes, and bu...

America is short more than 5 million homes, and builders can’t make up the difference (CNBC) Read original article here. KEY POINTS Some 12.3 million American households were formed from January 2012 to June 2021, but just 7 million new single-family homes were built during that time. Single-family home construction is running at the slowest

Concrete and cement industries brace for demand bo...

Concrete and cement industries brace for demand boom from $1 trillion infrastructure plan (CNBC) Read original article here. Concrete is the foundation of just about everything. It’s used to construct buildings, highways, bridges, roads and more. During the Covid-19 pandemic, concrete fell victim to the same phenomena impacting other essential materials and goods: snarled supply

How a U.S. steel shortage created a market bubble ...

How a U.S. steel shortage created a market bubble (CNBC) Read original article here. The Covid-19 pandemic threw supply chains into chaos, and steel β€” an essential metal used in everything from dishwashers to cars β€” was not immune to these disruptions. β€œSteel is certainly one of those examples of shortages, higher prices, and growing

Construction technology funding skyrockets to reco...

Construction technology funding skyrockets to record levels (Constructiondive) Read original article here. Dive Brief: U.S. construction technology investor funding has reached a record $2.1 billion so far this year, more than a 100% increase from a year ago. Early stage funding increased close to 100% from 2020, while late stage funding jumped more than 150%

North American crane count decrease signals uncert...

North American crane count decrease signals uncertainty (Constructiondive) Read original article here. Karen Ducey via Getty Images Dive Brief: Rider Levett Bucknall’s Crane Count decreased by 4.5% from Q1 to Q3 2021. The index measures theΒ number of fixed cranes across citiesΒ in the U.S. and Canada, as a representation of the active construction workload in those

Lumber prices have risen 50% since August, and 2 e...

Lumber prices have risen 50% since August, and 2 experts say the resurgence will continue through early 2022 (Business Insider) Read original article here. Carolyn Cole/Getty Images The price of lumber has seen a resurgence, which analysts expect will continue through early 2022. A reason for the price increase in lumber is another wave of

The State of Timber in NYC (Entuitive)

The State of Timber in NYC (Entuitive) Read the original article here. Tanya LuthiΒ is a timber expert and a Vice President in our New York City office. She is also a member of the NYC structural code committee, which advises the Department of Buildings on revisions to the city’s building code. Recently, we sat down

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