For the nonresidential construction sector, October 2024 marked a challenging period defined by a downward turn in spending, influenced by unexpected natural disasters. The Associated Builders and Contractors (ABC) conducted an analysis of recent U.S. Census Bureau data, revealing that
The construction industry in the United States, contributing approximately 4.4% to the U.S. GDP and tied to about $2.2 trillion in annual spending, is undergoing a significant digital transformation. This shift is driven by the need for improved efficiency, particularly in capital-intensive
The Cincinnati/Northern Kentucky International Airport (CVG) is embarking on a substantial modernization effort, having appointed several experienced construction firms to oversee a $220 million project. This initiative, referred to as Elevate CVG, is part of a phased plan aimed at enhancing the
Phoenix-based development firm, Curve Development, has recently introduced Cyrene at Skyline, a luxurious build-to-rent (BTR) single-family home community in Waddell, Arizona. This initiative is a response to the growing demand for premium rental housing in the West Valley region. Comprising 102
An alarming instance of corruption has come to light involving several contractors and companies who were allegedly paid over N167 billion by 31 Ministries, Departments, and Agencies (MDAs) in Nigeria for various projects that were never executed. This situation came to public attention through the
In an industry often burdened by inefficiency and slow project turnarounds, the rising prominence of modular construction offers a tantalizing promise of innovation. This promise has compelled San Francisco-based builder Webcor to launch Webcor Ventures, which has made its inaugural investment by
