This week’s round-up explores 4 key trends expected to impact proptech in 2023, global investment in green construction technologies, sustainable buildings and their perceived value for tenants in Europe, and more. Sitting at the crossroads between real estate and technology, proptech has experienced significant growth, which is expected to accelerate…
This week’s round-up explores backlog shifts in the nonresidential construction sector, updates from the ongoing war between Russia and Ukraine, lithium-ion battery storage issues in New York City, and more. According to Associated Builders and Contractors, construction backlog fell back below the reading observed in February 2020, largely due to…
This week’s round-up features the decline in construction starts, proptech and its potential impact on the affordable housing sector, the residential home solar market, and more. According to a Dodge Date & Analytics report, total construction starts declined 19% in September. (Sebastian Obando, Construction Dive) Proptech, initially geared towards luxury homes,…
This week’s round-up features Hurricane Ian’s effect on the construction labor pool, the Inflation Reduction Act’s projected impact on the real estate and construction industry, Europe’s real estate market, and more. The Inflation Reduction Act (IRA), designed to reduce the nation’s carbon footprint by jump-starting innovation and adoption of cleaner…
In April 2015, the U.S. International Trade Commission (ITC) issued an exclusion order prohibiting the importation of certain foreign-made crawler cranes into the United States for a period of at least 10 years. That order was the result of a 20-month investigation by the ITC, initiated by a Wisconsin-based crane…
This week’s round-up examines rising mortgage rates and their effect on the housing market, the long-term impact of the Inflation Reduction Act on commercial real estate, a potential U.S. railroad strike, and more. Mortgage interest rates are expected to continue rising in response to high inflation, which could price many…
This week’s round-up features the construction industry’s latest happenings: the Inflation Reduction Act, women shattering the glass ceiling, eco-friendly floating homes, and more. The Inflation Reduction Act contains approximately $5 billion for programs to accelerate the construction industry’s shift toward green building materials. (Julie Strupp, Construction Dive) According to a new analysis…
The Senate passes the Inflation Reduction Act, construction costs continue to rise across the U.S., commercial real estate advances the adoption of ESG strategies, and more. The recently-passed Inflation Reduction Act of 2022 leaves out the carried interest tax hike, much to the relief of real estate investors worldwide. (Taylor…
The availability of construction jobs drops by 17.5%, company offices evolve to the here-to-stay hybrid working model, the House passes a $280 billion semiconductor package, and more. The House passed a $280 billion package to boost the semiconductor industry and scientific research, which will also lend towards the construction of…
Recently, the U.S. Senate and House agreed to and passed the CHIPS Plus legislative package, which will provide $52.7 billion dollars in federal funding for U.S. Government agencies to distribute to U.S. semiconductor manufacturers to build new plants, increase manufacturing capacity, and support research and development. Click here to read…