Construction Material Costs Outpace Contractors’ Pricing

Double-digit price increases for key construction materials pushed up construction costs in March, while the prices charged by contractors remained moderate, according to a new analysis of federal producer price data released on April 19 by the Associated General Contractors (AGC) of America.  Association officials urged policy makers to avoid adopting restrictions on international trade that would […]

Cell Tower Constructed Entirely Of Bamboo

Last month, Bangladesh’s capital city became home to the world’s first cell tower constructed entirely out of bamboo — proof that emerging Asia can simultaneously tackle two of its most pressing concerns: infrastructure investment and renewable resources. Developed by Malaysian infrastructure services firm edotco and the Bangladesh University of Engineering, the tower took just 12 […]

Why Industrial Construction Is So ‘Hot’ Right Now

Driven by a surge in e-commerce, the industrial sector has become one of the “hottest” sectors in the market, according to Commercial Property Executive. Industrial real estate in the U.S. saw an 11.7% return last year, which was higher than any other property segment, according to research and analytics company MSCI. In comparison, all property segments […]

Revolutionizing The Construction Industry

In 1950, the fishing village of Shenzhen in south-east China had just over 3,000 inhabitants. By 2025, this number will exceed 12 million. And Shenzhen is not alone. Urban areas around the globe are growing by 200,000 people per day, and all these people will need affordable housing as well as social, transport and utility […]

US construction spending rose to nearly 11-year high

U.S. developers ramped up construction spending in February to the largest amount in nearly 11 years, led by more building of homes, highways and schools. The Commerce Department says construction spending rose 0.8 percent in February to the highest level since April 2006, after two months of declines. Builders are rapidly putting up more homes […]