Tag: material price


Construction & Engineering Industry Predictions 2023

January 30, 2023

Via: ENR

In the wake of the turbulent Covid-19 pandemic, the Construction and Engineering industry will need to continue in its fight to become more resilient and agile. As the global market continues to be pressured from new events including recessions, increased […]

Construction Processes, Financial

Multifamily construction delays continue as prices, permitting times rise

October 4, 2022

Via: Construction Dive

A majority of multifamily developers are struggling with project delays related to financing, material price increases and permitting, according to a new NMHC survey. Ninety percent of respondents reported construction delays, with 78% of this group reporting delays in permitting […]

Construction Processes, Procurement

Gilbane CEO: Impacts of material price squeeze will continue for years

July 14, 2021

Via: Construction Dive

Gilbane Building Company CEO Mike McKelvy notes that COVID-19 is not the first pandemic that his company has faced. Founded in 1870, Gilbane was in operation during the Spanish flu pandemic of 1918 to 1920. Now, the contractor is expanding […]

Construction Processes, News, Procurement

Home building costs soar due to government regulations, material price increases

May 18, 2021

Via: Construction Dive

Changes to building codes over the past 10 years have added the most to regulatory costs. Averaged across all homes, the cost increases associated with codes account for 9.9% of a builder’s construction costs, and 6.1% of the final house […]