The construction industry is a constantly evolving sector, and it is essential for anyone involved in it to stay up to date on the latest news. This week, there have been several noteworthy developments that are worth noting. Carol Holland, PE, CCM, LEED AP, has been appointed as the president of the board of directors of the National Capital Chapter of the United States Construction Management Association (CMAA). Despite some delays due to a lack of materials and rising costs, multi-family projects are still progressing.
The prices of inputs for construction have increased significantly compared to last year, with an increase of 23.1% for construction inputs and 23.4% for non-residential construction inputs. The digital transformation in construction is largely dependent on new technologies, which have enabled companies to revolutionize the way projects are managed. The Momentum Index, published by the Dodge Construction Network, is a monthly measure of the initial report of non-residential building projects in the planning phase. Association officials have reported that demand for many types of commercial construction projects remains strong and that companies would likely have hired more people if they could find workers.
Inflation and its effects on construction prices are still a major issue. Women make up 47% of all people employed, yet only 1.5% of the total female workforce is employed in the construction industry. According to a survey conducted from April 16 to 20 on the impact of COVID-19, construction employees had a slightly more positive outlook for the sector. The construction industry created 21,000 new net jobs in June, according to an analysis of data from Associated Builders and Contractors released today by the United States.
The construction sector is in a unique position to assess the impacts of the response to the COVID-19 pandemic. The QCR (Quarterly Construction Report) provides a statistical view of the state of the construction industry, detailing indicative construction costs for eight construction sectors in 14 markets in the United States and Canada. National spending on non-residential construction rose 0.9% in October, according to an analysis of Associated Builders and Contractors data released today by the United States. The Momentum Index, published by the Dodge Construction Network, is a monthly measure of the initial report on planned non-residential building projects that has been shown to lead spending on construction of non-residential buildings in a full year.
The latest SmartMarket report from Dodge Data & Analytics, entitled “Managing Safety in the Construction Industry”, reinforces many of the messages from previous studies on this topic. It highlights how contractors benefit from their safety programs and their trust in in-house experience to provide safety training. Together with data updated up to mid-fourth quarter and information on construction costs in 14 markets in North America, these documents provide an accurate picture of current construction activity.