New Construction

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, …

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Multifamily Construction in 2022

The pandemic put most companies in jeopardy and almost every industry took a beating. Except multifamily real estate. Sometimes more is more: Rent and valuation growth are factors leading to increased multifamily construction development in 2022. Multifamily Construction In-Demand Economic situations led to almost double 1Q 2021 demand for rentals followed by record-high rent increases in …

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Infrastructure Heavy Construction

Infrastructure construction is under the “heavy construction services” umbrella. Infrastructure projects develop and repair or maintain services (often serving the public), facilities, and large systems. Eight Types of Infrastructure Construction Services Sometimes governments and private-sector companies collaborate on a large infrastructure project. Despite second-quarter losses, U.S. infrastructure construction services are expected to show growth for …

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Essential vs. Non-Essential Construction During COVID-19

Retail stores and other commercial businesses have adjusted to the COVID-19 pandemic as possible. Social distancing governs how we live, work, shop, and play. We’re living in a strange time now. There’s been much discussion about essential and non-essential services in the United States. How we do business in the construction industry is greatly altered. “Essential” …

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What Does COVID-19 Mean for the Construction Industry?

By April 10, 2020, the Associated General Contractors of America revealed more than half of the construction firms in the United States had stopped work and 40 percent had laid-off employees, due to the coronavirus pandemic. 74 percent are seeking loans using the new Paycheck Protection Program. In one week’s time, the number of canceled projects …

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New Homes Being Built: 3 Things You Can Learn

Single-family starter-home buyers are intimidated by price tags even though financing options and rates are at lows that haven’t been seen in a very long time. Is there a solution to the high costs of new home investment? Yes. You can learn more about new homes being built using construction data. Starter Homes May Be …

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10 Million Permits!

On July 3rd, 1989, David Mineer Sr. collected a building permit from the Utah County building permit office, and Construction Monitor was born.  28 years later Construction Monitor has a data collection network spanning 1,899 jurisdictions throughout the United States and provides the most real time building permit information in the country.  Construction Monitor now has thousands …

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new construction

Why Aren’t Millennials Choosing New Construction?

While you might be tempted to assume millennials‘ financial difficulties are what’s keeping them out of the housing market, you’d be missing half the story if you did. Personal preferences are also among the reasons some millennials may not choose to buy a new construction. How Millennials‘ Housing Preferences Differ Burdensome student debt and poor …

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Get the Job: 3 Techniques for Bidding on a Construction Project Successfully

Given the resources invested in bidding on a construction project, your skill at choosing projects to pursue is a major factor in your success. A few simple techniques can help you identify and win the projects that will profit you most. Watch Your Labor Investment Bidding on a construction project is always a commitment of time …

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