The construction industry is constantly evolving, with new trends and challenges emerging every day. From technology and design to regulation and legal issues, there's always something to keep up with. To help you stay informed, we've compiled the most talked about construction news stories of the moment. The Equipment Manufacturers Association (AEM) recently released a white paper that delves into how construction companies are adapting to the current trends and challenges they face.
Dodge Construction Network also identified key business issues for specialized contractors in a new report. This data was sourced from the Building Permit Survey and the Construction Survey (SOC), which is partially funded by the Department of Housing and Urban Development (HUD). The third quarter of 2020 showed signs of innovation in the economic recovery of construction, as well as an increase in sustainability, according to a quarterly report. Cambridge has updated its construction order, with some work resuming today and all works due to return on June 1.As countries become richer and less desperate to grow, construction should become safer, more respectful of community concerns, and more environmentally sustainable.
Dodge Construction Network recently acquired Principia Consulting, expanding the capabilities of Dodge Advisory Services. Adolfson & Peterson's new preconstruction director in Central Texas discussed how the industry has changed over the past three decades and how technology is evolving. When constructing a new building, subway tunnel or highway, there are many factors to consider such as neighbors, communities, existing roads, emergency access vehicles, politicians, beloved views of parks, and the possibility of earthquakes. Dodge's new quarterly report shows continued momentum in construction despite global uncertainties.
South Korean construction conglomerate is looking for opportunities for prefabrication and modular construction. However, the tight labor market could be the biggest challenge of 2021 as construction companies compete with other industries to find and retain talent, which will further boost wage growth. The National Association of Home Builders reports a decline in building material prices. A commercial construction survey shows that 70% of contractors are struggling to meet project deadlines due to labor shortages.