From the category archives: Construction Markets

Construction Markets

Don’t Mess With Texas Construction...Until You Know the Rules

Between 2010 and 2016, Texas’ population grew at the second-greatest rate in the country, accompanied by increased demand for residential, retail and commercial space. With companies such as State Farm and Toyota relocating company headquarters to North Texas, contractors nationwide are dedicating more resources to Texas than ever before. 

Wise contractors will be wary of the unique Texas laws that affect them. With proper understanding and preparation, contractors can save the pain and expense of subsequent litigation. 

2018 Regional Construction Outlook

Starting in 2012, the construction sector generally has turned in stronger growth than the overall economy. However, that growth has not been evenly distributed within the industry. Residential construction has had the strongest rebound, with notable differences. Multifamily construction has fully recovered, while single-family construction, although improving, struggles with starts still well below the nation’s long-term needs. The outlook is for multifamily construction to continue roughly around its current level and for single- family construction to slowly grow. The South and West will be the main beneficiaries of the improvement in single-family construction. 

2018 Construction Economic Forecast: Confidence Is the Key

  Last year, the U.S. economy only managed 1.5 percent growth. It then expanded just 1.2 percent during 2017’s initial quarter on an annualized basis, the latest in a string of weak first quarters. In other words, for more than a year, the U.S. economy has been consistently growing at less than 2 percent.

That changed, at least temporarily, during the second quarter of 2017. Based on revised estimates from the Bureau of Economic Analysis, the U.S. economy expanded 3 percent on an annualized basis from April through June. As has been the case for several years, much of the progress was driven by growth in consumer outlays. Government spending, by contrast, continues to contribute little, if anything, to the current pace of economic expansion. In fact, based on construction data, investment in a number of publicly financed infrastructure categories has been in decline, including spending on dams and levies, highways and streets, and water systems.  

Building the Contemporary Coliseum

When owners and operators of a professional franchise lobby a community for a new or updated stadium or arena, they frequently argue that construction and operation of the facility will boost the local economy. On the surface, that makes sense. Arenas and stadiums are expensive to construct and they have a propensity to attract large numbers of visitors with disposable income, including from other communities. That fuels spending, hotel stays, job creation and tax revenues.

Airport Construction and Design Is Taking Off Thanks to Virtual Reality

  While VDC improves the efficiency of projects of any size, it significantly supports the construction of larger, more complex airport jobs. This is achieved through an integrated process that brings together the most critical components of a project: logistics, scheduling, safety and cost. Virtual reality then provides stakeholders with the opportunity to become immersed in the environment. Experiencing complex projects in this manner can create a more fluid decision-making process and fewer surprises down the road.

A Renewed Focus on Resiliency in Wood Construction

  In light of several recent natural disasters affecting North America, there is renewed focus on the resiliency of buildings. Because ongoing development will increase the total number of buildings exposed to these extreme weather events, the construction industry must play an active role in enhancing resiliency.

Sealing in Building Performance: Innovations Spark New Opportunities for Energy Savings

With the development of aerosol-based sealing, the tide has begun to turn on duct leakage. During the past six years or so, hundreds of commercial buildings across the country (and the world) have solved previously unsolvable ventilation issues, energy waste concerns, poor indoor air quality and other factors directly related to duct leakage. 

Trickle-down Infrastructure

Whenever infrastructure has come up as a political topic in recent years, it’s assumed to mean large, publicly funded projects: interstate highways, municipal water systems, dams and ports. But an anticipated flood of construction activity in this sector has a trickle-down effect. Construction owners that support infrastructure functions—such as transportation—sense opportunities and invest private funds in their own projects.

FAA Awards More Airport Infrastructure Grants

  The Federal Aviation Administration (FAA) is awarding $162.4 million in airport infrastructure grants for 72 airports in 31 states through the Airport Improvement Program (AIP). So far this year, the U.S. Department of Transportation has announced more than 1,350 airport grants totaling $2.1 billion affecting 1,205 airports—targeting projects for runways, taxiways, and airport signage, lighting and markings.

Why It’s Construction’s Time for E-commerce

While the business-to-business wave of e-commerce technology might not be generating as much buzz as the platforms people are most familiar with (Uber, Amazon, etc.), it can deliver serious benefits for equipment and materials procurement in the construction industry. 

According to estimates by market research firm Forrester, business- to-business e-commerce will reach $1.2 trillion and account for 13.1 percent of all business-to-business sales in the United States by 2021. At the end of 2017, Forrester expects e-commerce to reach $889 billion and represent 11 percent of total business-to-business sales in the United States.
Pages: Previous1234567...18NextReturn Top

 

Bringing Balance Back to the NLRB
Although its purpose is to interpret the National Labor Relations Act in a fair...

2018 Regional Construction Outlook
Starting in 2012, the construction sector generally has turned in stronger growth...

The DNA of Giving Back
This month marks 89 years in business for Vogel Bros. Building Co., a fifth...

View this month's Digital Edition
Construction Executive
Print magazine published 10 times per year covering news, market developments and business issues impacting the construction industry 

eNewsletters:
Managing Your Business
Biweekly eNewsletter covering management and financial best practices

Tech Trends
Biweekly eNewsletter covering the latest construction technology trends and products

Risk Management
Biweekly eNewsletter covering surety bonding, insurance, safety and compliance.