McKinsey suggests that the COVID-19 crisis will reshape the construction industry, radically shift supply and value chains, and create the blueprint for the industry moving forward. While all of these are certainly true, COVID-19 isn’t simply a “disrupter.” It’s a tangible threat to the industry’s bottom-line. How is COVID-19 impacting the 2021 forecast for […]
In August of 2020 Tunnel Business Magazine published an eye-opening analysis of the exorbitantly high cost of US tunnels when compared with similar underground infrastructure projects around the world. The first and worst case cited was New York City’s Second Avenue Subway which opened to the public on January 1, 2017 after racking up an […]
“Integrating the pre-COVID-19 [sustainability] agenda into the post-COVID-19 action plan.” — Alexandre L’Heureux, President of WSP Global Despite the ongoing pandemic, sustainability is still the driving trend in construction. The post-crisis resiliency of construction firms is tightly hinged to how they handle sustainability going forward. According to McKinsey, the “new normal” in construction will […]
The economic impact of COVID-19 has weighed on businesses across the United States. The restaurant industry expects to suffer losses of $625 billion. The travel industry expects losses to be around $500 billion. And the hotel industry shed around half of all jobs. Yet, during this disruptive time, the US housing market remains strong — […]
Despite COVID-19 shuttering construction sites, introducing supply chain frictions and creating economic turmoil for construction companies, the overall outlook of civil, residential and commercial construction is bright. Recent reports suggest that the United States construction market will record a CAGR of 5% from 2020 to 2024 — becoming a 1.428 trillion dollar industry.
The COVID pandemic has impacted pretty much every part of the economy. New construction is no exception to the rule.
Three things are coming together: The tiny home fad, modular construction and 3D printing.
Unemployment rates in the United States are at an all-time high. Yet, in the middle of this ongoing pandemic, civil construction companies are facing a unique problem: they can’t find enough talent and demand for skilled workers remains high. Recent data from The Civil Quarterly Vol. 1 shows that contractors in the construction sector may […]
As civil construction continues to endure the unprecedented economic and social storm brought on by the COVID-19 pandemic, there’s a silver lining: construction jobs rebounded in May, recouping half of the losses from April. According to the Bureau of Labor Statistics, construction produced the second-largest gains in May — behind hospitality and travel.
Federal, State, and Local Governments Are Moving to Upgrade Infrastructure The American Road and Transportation Builder’s Association (ARTBA) is projecting at least 5% growth in the transportation infrastructure construction sector in 2020, according to the ARTBA annual report. In their December 2019 press release, ARTBA’s chief economist, Dr. Alison Premo Black stated:
Construction 2020: Keeping Pace With the Growth Trend of 2018-2019 In 2018 the United States raised new non-residential buildings across the nation to the tune of $452.67 billion. Public non-residential construction totaled 295.2 billion dollars, according to the 2019 mid-year assessment at Statista. That set the bar quite high for continued growth in 2019 but […]
Primary Drivers in the Global Construction Materials Market Construction industry forecasters have been predicting that the global construction materials market will exceed US $1 trillion by 2020 as far back as 2015. As we move into the next decade the market continues to be driven by an escalating and improved global economy combined with the […]
McKinsey suggests that the COVID-19 crisis will reshape the construction industry, radically shift supply and value chains, and create the blueprint for the industry
In August of 2020 Tunnel Business Magazine published an eye-opening analysis of the exorbitantly high cost of US tunnels when compared with similar underground infrastructure
“Integrating the pre-COVID-19 [sustainability] agenda into the post-COVID-19 action plan.” — Alexandre L’Heureux, President of WSP Global Despite the ongoing pandemic, sustainability is still
The economic impact of COVID-19 has weighed on businesses across the United States. The restaurant industry expects to suffer losses of $625 billion. The travel
Despite COVID-19 shuttering construction sites, introducing supply chain frictions and creating economic turmoil for construction companies, the overall outlook of civil, residential and commercial construction
The COVID pandemic has impacted pretty much every part of the economy. New construction is no exception to the rule.
Three things are coming together: The tiny home fad, modular construction and 3D printing.
Unemployment rates in the United States are at an all-time high. Yet, in the middle of this ongoing pandemic, civil construction companies are facing a
As civil construction continues to endure the unprecedented economic and social storm brought on by the COVID-19 pandemic, there’s a silver lining: construction jobs rebounded
Federal, State, and Local Governments Are Moving to Upgrade Infrastructure The American Road and Transportation Builder’s Association (ARTBA) is projecting at least 5% growth in
Construction 2020: Keeping Pace With the Growth Trend of 2018-2019 In 2018 the United States raised new non-residential buildings across the nation to the tune
Primary Drivers in the Global Construction Materials Market Construction industry forecasters have been predicting that the global construction materials market will exceed US $1 trillion
© 2024 Resource Erectors
