Construction Trends

Updated Construction Industry Metrics That Matter

This information originates from the U.S. Bureau of Labor Statistics (BLS) data gathered from private and public construction industry sectors. It includes information from other sites.* Architecture billings – The ABI (Architecture Billings Index) benchmark for increased billings is 50, and in March 2022, it rose to 58. Inquiries and design contracts rose to 63.9 …

Updated Construction Industry Metrics That Matter Read More »

Construction Industry Feb Starts: We Get By With a Little Help From Our (Manufacturing) Friends

The total construction industry starts increased nine percent in February 2022. The new construction of three “large manufacturing facilities” boosted nonresidential building starts up 32%. Without the large manufacturing projects, total construction would have declined six percent in February, according to Construction Business Owner magazine. The manufacturing facilities are: $10 billion – Intel chip fabrication plants/Chandler, …

Construction Industry Feb Starts: We Get By With a Little Help From Our (Manufacturing) Friends Read More »

Inflation Will Continue to Impact Construction Industry

There was a comedienne whose catchphrase was, “It’s always something.” We are cautiously optimistic that the pandemic will be something we can someday tell our grandchildren about. But you might need to take your mask off to blow-up balloons today because the construction industry is dealing with inflation. 9 Ways To Manage Your Construction Industry …

Inflation Will Continue to Impact Construction Industry Read More »

SOSDCB: Same Old Services, Different Construction Business

“Affordable.” “Dependable.” “Effective and efficient.” “The best.” “We care.” Does any company within any industry in the United States ever say otherwise? Have you ever seen a blog or website that reads: “We’ve been late a few times, but it really wasn’t our fault,” or “We have to price our construction business services higher than …

SOSDCB: Same Old Services, Different Construction Business Read More »

Construction Industry Transformation with Offsite Manufacturing

At this point in time, offsite manufacturing makes only a small contribution to most construction projects. Usually, less than 30% of a construction project utilizes prefabricated component construction because it’s a “new” process. The concept itself has been around a long time in North America. (Sears’ prefab homes were around $700 in 1895.) Offsite manufacturing is …

Construction Industry Transformation with Offsite Manufacturing Read More »

Construction Industry: Winning the 21st Century

Construction industry contractors are ready to “hit the ground running” toward implementing the largest long-term investment in our country’s infrastructure in 100 years. But many construction professionals say it’s too soon to begin counting your money. The historic Bipartisan Infrastructure Law will rebuild crumbling roads and bridges, replace lead pipes…and produce concrete results that changepeople’s …

Construction Industry: Winning the 21st Century Read More »

2022 Commercial Real Estate Trends and Construction

Have you been to the office lately? Not many of us have. The pandemic has created more virtual offices, less dining-out, and even going to court means getting on a Zoom™ call. Will that change in 2022? The impacts of commercial real estate construction are affecting our construction industry. Commercial Real Estate Predictions Multifamily and …

2022 Commercial Real Estate Trends and Construction Read More »

Construction Industry Trends 2022

Did you think the supply chain issues the construction industry faced in 2021 would magically resolve themselves this year? Some predict many of the materials we had difficulty acquiring last year will go forth and multiply, creating another construction industry issue: hoarding. Contractors will pay more for materials and stockpile what they can get. Construction …

Construction Industry Trends 2022 Read More »

Construction Industry Economic Outlook

“They’re no longer lollygagging when it comes to committing to projects…” That’s one of the first economic indicators a Canadian construction CEO noticed in 2022. This year the construction industry will see a year of rebuilding, reorganizing, and recommitment to the future. Challenges and opportunities. Construction Industry 2022 Pricing continues to be a shot in …

Construction Industry Economic Outlook Read More »