From the category archives: Construction Markets

Construction Markets

Bringing Health Care to Retail Centers

With hospital stays becoming more expensive, the federal government reducing the services it will reimburse, hospitals nationwide consolidating and fewer people traveling long distances for care, the physical spaces needed to deliver health care are changing rapidly.

For the construction industry, this means builders and developers have the opportunity to repurpose former hospital structures and develop ambulatory care centers, outpatient centers and medical malls. This trend can be seen across the country, and it shows no signs of abating.

(Re)Constructing the Retail Sector

It has been a long time since the words “growth” and “retail” have been used in the same sentence in construction circles. In fact, for more than five years, commercial construction has either risen (or fallen) due to the indirect challenges of weak consumer spending, as well as changes in where, when, how and on what consumers spend their hard-earned dollars. 

Now, the numbers are showing that retail construction is enjoying a renaissance as consumers loosen the purse strings and regain confidence in the economy. And while department store closings remain the Achilles’ heel for malls, according to JLL, a financial and professional services firm that specializes in commercial real estate services and investment management, there appears to be ample demand for the new use of that space.

Trump Administration Targets 50 U.S. Infrastructure Projects Worth Over $137B

The Trump administration has compiled a preliminary list of 50 high-priority “emergency and national security” infrastructure projects valued at more than $137 billion and has solicited the nation’s governors for input. 

Iron Assets Are Known; It's Time for Digital Resources

  The third week of 2017 was busy for shareholders in the heavy construction equipment industry, with financial institutions and asset management groups cutting down their stakes in the shares of leading manufacturing companies. Despite the rollercoaster ride, Wall Street expects some attractive profit figures by the end of the last quarter of the 2016-2017 financial year. The optimism is tied to the profit tracking of financial releases for the prominent vendors in the industry. 

Study Reveals Less Volatility in Remodeling Market

In comparing new construction and commercial remodels during the course of the Great Recession, BuildFax found additions, remodels and alterations dipped 9.7 percent at their lowest point (versus pre-crisis levels), while new construction permits plunged 43 percent between 2008 and 2011.

New Guide Touts Quiet Hotel Construction

A new Quiet Room® Guide is available to help architects, developers and construction professionals understand the Quiet Room® label, as well as related certification requirements, the latest methods for acoustic insulation of hotel rooms and the savings that can be realized by investing in soundproofing during the construction phase. 

Optimism Rises for Near-Term Infrastructure Spending

Stepping away from campaign promises and political conjecture, 2017 should be a decent year for the transportation
construction market, with the best years for spending growth still ahead. 

Moderate Gains in Construction Spending Expected Through 2017

As the industry enters a more mature phase of its expansion, the 2017 Dodge Construction Outlook forecasts total U.S. construction starts will advance 5 percent to $713 billion, following gains of 11 percent in 2015 and an estimated 1 percent in2016.

Rethinking Health Care Construction

Outpatient and walk-in urgent care facilities are far less costly for organizations to construct than larger medical buildings and hospitals; therefore, these facilities are popping up in retail spaces and are most likely on short-term leases that do not require a large commitment from the organization. The increase in the number of outpatient facilities also reverts back to patient satisfaction: Patients are more comfortable seeing their doctors at an outpatient facility. 

Bipartisan Federal Legislation Is a Potential Boon for P3s

  For construction companies active in the public-private partnership (P3) or design-build arena, the bipartisan Public Buildings Renewal Act (S. 3177/H.R. 5361) represents a fountain of new work opportunities building or rehabilitating many outdated and dilapidated government-owned facilities—such as public schools, post offices, prisons, courthouses and libraries—that need to be replaced. 
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