The construction industry is constantly evolving, and staying up to date with the latest news stories is essential for professionals in the field. From new developments in technology to changes in regulations, there are many factors that can affect the industry. In this article, we'll take a look at some of the most recent construction news stories and how they may impact the industry. According to a report from the U.S.
Department of Housing and Urban Development, renovating your kitchen is one of the most popular home improvement projects for homeowners. This could have a significant impact on the construction industry as more people look to upgrade their kitchens. S. Bureau of Labor Statistics, construction employment increased in 45 states in February 2021. This is despite the hope of a strong economic recovery at the beginning of the year. Adolfson & Peterson's new preconstruction director in Central Texas also spoke about how the industry has changed over the past three decades and how technology is playing an increasingly important role.
The third quarter of 2021 showed signs of innovation in the economic recovery of construction and an increase in sustainability, according to a quarterly report from Dodge Data & Analytics. Cambridge has also updated its construction order, allowing some work to resume today and all works to return on June 1.
Multifamily ConstructionThe latest Dodge Data report revealed that new multifamily construction starts fell by fifteen percent in January 2021. A study also found that measuring and analyzing data are key to working overtime efficiently and effectively in construction. Additionally, a separate study revealed that more training on mental health treatment is needed in construction companies.
Prefabrication and Modular ConstructionSouth Korean construction conglomerate is looking for opportunities for prefabrication and modular construction. This type of construction can be beneficial for both contractors and owners as it can reduce costs and improve efficiency.
It can also help reduce waste and improve safety on job sites.
Construction RegulationsConstruction companies should expect more aggressive enforcement, unannounced visits to project sites and more research, according to a lawyer who spoke to Construction Dive. This could have an impact on how projects are managed and could lead to increased costs for contractors.
Data OwnershipA new construction report revealed the “battle for data ownership” between project owners and contractors. This could have an impact on how data is collected, stored, and used on job sites. Dodge Data & Analytics and Dexter + Chaney have also partnered to streamline document and offer management workflows for construction professionals.
Construction ForecastsDodge provides detailed construction forecasts and trend reports down to the specific market level or market segment. This can help contractors plan ahead for upcoming projects and anticipate any potential challenges or changes in regulations. The company's new quarterly report also showed continued momentum in construction amid current global uncertainties.
Improving RelationshipsStrengthening relationships between contractors and owners drives greater success in multi-site construction programs.
This can help ensure that projects are completed on time and within budget, while also improving communication between all parties involved. Staying up-to-date with the latest news stories is essential for professionals in the construction industry as it helps them stay informed about changes that may affect their work. From new developments in technology to changes in regulations, understanding these news stories can help contractors better prepare for any potential challenges or changes that may arise. The Dodge Data & Analytics quarterly report provides detailed forecasts and trend reports down to the specific market level or market segment which can help contractors plan ahead for upcoming projects.