Text size In April, one-unit housing starts fell 7.3% month over month. Stefani Reynolds/AFP via Getty Images Gauges of new-home construction showed signs of a slowing housing market, according to preliminary data released Wednesday—but not every part of the market appears to have slumped. Building permits in April fell 3.2% […]
construction
CANPACK reaches milestone in Muncie manufacturing plant construction
In an earlier version of this story the first name of Jim Gorman, senior project manager with Blue Rock Construction, was incorrect. We regret the error. MUNCIE, Ind. — The sheer size of the CANPACK beverage and beer can factory, just finishing its rise up from an empty field near Fuson and […]
Pace of Colorado Springs home construction rises in May, despite higher mortgage rates | Subscriber-Only Content
Higher mortgage rates don’t appear to have slowed the pace of Colorado Springs-area home construction, though some builders say the impact — if any — still might be a few weeks or months away. The Pikes Peak Regional Building Department issued 355 permits to builders and individuals in May for the construction […]
Australia’s largest home builder narrowly staves off collapse as construction crisis mounts
Metricon, Australia’s largest home builder, struck a deal on Friday for an emergency doubling of its working capital credit facility, in an effort to stave off bankruptcy amid a mounting crisis in the country’s construction sector. The possible collapse of Metricon threatens the jobs of about 2,500 directly employed workers, […]
Northshore home builder says construction site thefts on the rise
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NEW ORLEANS (WVUE) – There’s been a spike in construction site thefts on the Northshore according to a home builder and the St. Tammany Parish Sheriff’s Office. “It’s always been around but it’s been extreme, it’s gotten to the point where it’s out of control,” Andy Northcutt with DSLD Homes […]
Bectran Unveils Automated Lien Filing and Tracking Solution to Streamline Lien Management for the Construction Industry | National Business
CHICAGO–(BUSINESS WIRE)–May 19, 2022– Credit, Collections & Accounts Receivable Software leader Bectran, Inc. has released an integrated lien filing and monitoring solution designed to streamline the accounts receivables collateralization process. This solution automatically organizes and transmits contractor job information directly to lien service providers, eliminating the need for manual processing. […]
New Austin home construction boom creating a builder’s market
The Home Builders Association of Greater Austin explains why escalation and termination clauses are being used more. AUSTIN, Texas — Buying a newly built home in Austin’s hot housing market can be a challenge. Labor and material shortages, demand for housing and COVID-19 all play a role. Several homebuyers told […]
Israeli construction tech unicorn hopes to transform home building
What if you could buy a new home designed to your specification, ready to live in within a quarter of the time it normally takes to build a new house, while leaving just half the carbon footprint of other construction? As Americans strain under the weight of a housing shortage, […]
Best Practices for Hiring in the Construction Industry
On top of rising costs for materials, supply chain problems, and increasingly slimmer margins, the U.S. construction industry today is facing a labor shortage. This shortage is an existential threat to many contractors and subcontractors. According to the U.S. Chamber of Commerce’s Commercial Construction Index for the fourth quarter of […]
‘There wasn’t much we could do’: Some new home construction homebuyers see unexpected price hike
CARY, N.C. (WTVD) — Jay Ward and his family thought they found their dream house, but the process of closing the deal turned into a nightmare. The Cary family had rented a home for years and were finally ready to buy a house last January. “We’re getting to that point, […]
Some contractors feel left out of deal for Bills stadium construction | Business Local
Building a new Buffalo Bills stadium is expected to create thousands of local jobs for construction workers but some contractors are feeling left out. Erie County Executive Mark Poloncarz said at least 10,000 building trades workers will be employed on the project expected to be completed by the 2026 NFL […]
How construction contractors can navigate the 2022 economy
No category of construction has escaped the challenges of fuel and material price increases, labor shortages and the seemingly never-ending supply chain issues impacting the industry over the past two years. Even as the pandemic appears to be waning, a war in Ukraine and rising Covid numbers in China have led […]