July 20, 2018
Despite the growing demand for single-family housing, the U.S. construction industry is finding it difficult to keep up due to the continuously increasing material costs. According to the National Association of Home Builders (NAHB) and the latest data from HUD and the Commerce Department, these struggles were reflected in the total housing starts for June when overall home construction plummeted to a nine-month low.
July 18, 2018
Local authorities in the United Kingdom, known as councils, are facing backlash from construction associations after freedom of information (FOI) requests revealed about 90% of councils were not enforcing construction firms to pay supply chains within 30 days as required by legislation.
July 17, 2018
The Australian government is looking to combat late payments in the construction industry. The Australian Building and Construction Commission (ABCC) launched a campaign July 17 to help subcontractors secure payment.
July 13, 2018
Economic progress is dwindling in the eyes of Associated Builders and Contractors (ABC) economists who reported a nearly 10% gain in 2018 construction material prices in June over last year. ABC noted a 9.6% increase in prices compared to 2017, with a 9.8% gain in nonresidential construction, during its analysis of U.S. Bureau of Labor Statistics data released July 11.
July 11, 2018
The Dodge Momentum Index (DMI) is inching forward after a revised May reading. According to Dodge Data & Analytics, the index increased less than one percent to 165.5 from May’s 164.2. The index reports nonresidential building projects at the initial planning stage. This has been shown as a leading indicator for construction spending over the next 12-month period.
July 9, 2018
With less than nine months until the United Kingdom leaves the European Union, many are already feeling the effect of Brexit. According to a recent report from the Construction Industry Training Board (CITB), a third of construction employers are being impacted by the U.K.’s referendum to exit the EU, which is up 9% from just a year ago.
July 6, 2018
Another Canadian province is updating legislation to help the construction industry. Initial amendments to Ontario’s Construction Lien Act went into effect July 1, increasing lien time tables to give contractors and subcontractors an extra 15 days to preserve a lien. New rules to prompt payments will go into effect in fall 2019. Saskatchewan is following suit with a similar prompt payment legislation.
June 27, 2018
With the demand up for single-family homes and the amount of laborers down, homebuilders explore the use of robots on the job. With 910,000 homes expected to be built by the end of 2018, creative problem solving kicks in with robots taking on the jobs more quickly and for much less cost than a traditional labor force.