Tag: rising
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Skanska Report Highlights 2025 Construction Market Trends Amid Tariffs and Rising Material Costs
Skanska has released its Summer 2025 Construction Market Trends Report, offering analysis on the impacts of tariffs, supply chain conditions and material pricing on the U.S. construction industry. According to the report, total construction starts rose 16% in June to a seasonally adjusted annual rate of $1.33 trillion, largely driven by manufacturing and data center…
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LIME Painting Revives Aging Homes Amid Rising Demand
The average age of a home purchased in the U.S. hit a record 36 years in 2024, as homebuyers increasingly seek out older properties with character. This shift is fueling a growing demand for skilled renovation—and LIME Painting is leading the way. As the first and only luxury painting franchise specializing in custom residential and commercial properties,…
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LIME Painting Revives Aging Homes Amid Rising Demand
The average age of a home purchased in the U.S. hit a record 36 years in 2024, as homebuyers increasingly seek out older properties with character. This shift is fueling a growing demand for skilled renovation—and LIME Painting is leading the way. As the first and only luxury painting franchise specializing in custom residential and commercial properties,…
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Rising Tariffs and Labor Shortages Drive Demand for Faster Project Delivery with AWP
The latest round of tariffs from the Trump administration is driving construction input costs up 41% since February 2020, impacting materials like steel, copper, and aluminum. Even domestic projects are feeling the pinch, as supplier pricing reacts to broader market uncertainty. At the same time, workforce shortages are worsening — with 91% of contractors reporting…
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Rising Tariffs and Labor Shortages Drive Demand for Faster Project Delivery with AWP
The latest round of tariffs from the Trump administration is driving construction input costs up 41% since February 2020, impacting materials like steel, copper, and aluminum. Even domestic projects are feeling the pinch, as supplier pricing reacts to broader market uncertainty. At the same time, workforce shortages are worsening — with 91% of contractors reporting…
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Why Construction Site Theft Is Rising in 2025 — and How Proactive Security Can Stop It
The first half of 2025 has been plagued by economic uncertainty – and that includes the construction industry. Construction spending has taken a dip of about 3.5% year-over-year. On top of that, tariffs on Canadian lumber, which comprises 85% of U.S. lumber imports, are at 14.5% and expected to increase to 34.5%. According to Oxford…
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How Construction Firms Can Build a Strong Financial Roadmap Amid Rising Costs and Growth
As your construction firm navigates today’s economic landscape, the $1.2 trillion public infrastructure bill, passed a few years ago, continues to carry both promise and uncertainty. Nevertheless, the domestic procurement preferences and materials sourcing requirements tied to this legislation still hold the potential to create meaningful growth opportunities. That said, it’s crucial to be prepared…
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Office Conversions Surge Amid Rising Vacancy Rates
Key Takeaways: The national office vacancy rate was 19.4% in May, up 160 basis points year-over-year, with occupancy unlikely to rise in near future The average U.S. office listing rate was $33.15 per square foot in May, increasing 4.8% year-over-year Office construction pipeline continued to shrink, with 41.5 million square feet of office space currently under construction Los Angeles…
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WSP’s Isabelle Barron is Digital Rising Star of the Year
In her role as a digital construction consultant, she has been instrumental in implementing innovative digital solutions across various projects, showcasing her ambition and commitment to information management best practices and demonstrating exceptional proficiency in leveraging digital technology to enhance project outcomes and organisational success. View the original article and our Inspiration here
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Concrete Repair Mortars Market to Reach $6.5 Billion by 2034 Amid Rising Infrastructure Demand
Concrete remains one of the most widely used construction materials worldwide, but even the most robust structures are subject to damage over time. Concrete repair mortars offer a practical solution for restoring worn or damaged concrete surfaces. This article explores what these materials are, their common types, applications and why they’re increasingly important in construction and…