The construction industry has been experiencing a significant surge in wages for residential building workers, according to the National Association of Home Builders’ Eye On Housing blog. In September 2024, these wages saw an impressive increase of 9.9%, following an even more dramatic rise of 1
The U.S. Department of Transportation's Federal Highway Administration (FHWA) has announced significant updates to the rules governing highway construction worker safety. These updates are designed to enhance safety protocols in work zones, aiming to prevent injuries and fatalities among
In a significant development for the HS2 project, two critical road bridges near Aylesbury have been completed, enhancing the transportation links between Aylesbury and Oxford. The reopening of the A418 overbridge, which spans 103 meters and was constructed using precast concrete beams, marks a
The leading index for commercial real estate, as measured by the Dodge Momentum Index (DMI), saw a 5% decline in October 2024 from the preceding month, dropping to 197.2 from 208.2. Despite this monthly retreat, the DMI remains 13% higher than in October 2023, indicating strong year-over-year
Canadian Building Construction Price Indexes (BCPI) for Q3, released by Statistics Canada, revealed a notable shift in the pace of rising costs within the construction industry. For the first time since Q2 2020, the growth in residential building construction costs has slowed to 0.9%, a slight
The City of Los Angeles has unveiled an innovative initiative aimed at empowering small, local, and diverse construction contractors through its "community level contracting" (CLC) program. This trailblazing effort is set to provide prime contractor opportunities for these contractors,
