Tag: Months
-
Can Project 28 cut property sales from months to weeks?
The UK’s property sector has unveiled an ambitious new pledge to slash home sales from months to just four weeks. Project 28, an industry-led charter, aims to reduce the average time between “sale agreed” and “exchange” from 109 days to 28. But while major players have signed on, questions remain about whether it can deliver…
-
Construction planning booms, up 51% in 12 months
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. The construction planning pipeline surged once more to close out the summer, an indicator contractors could see new projects break ground by late 2026. The Dodge Momentum Index, which tracks nonresidential projects entering the planning stages and…
-
Nonresidential construction spending slips for sixth time in seven months
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Nonresidential construction spending declined 0.1% in June to a seasonally adjusted annual rate of $1.241 trillion, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released Friday. Private nonresidential construction fell…
-
Bechtel completes $3.5B Sydney airport 7 months early
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Reston, Virginia-based Bechtel, one of the largest contractors in the U.S. by revenue, managed the design and construction of the new $5.3 billion Australian dollar ($3.5 billion) Western Sydney International Airport, and delivered the megaproject almost seven…
-
Tariff Pressures Mount as Construction Backlog Hits 8.5 Months
The latest data from Associated Builders and Contractors (ABC) shows a slight uptick in construction backlog across nonresidential sectors, but growing concerns over newly announced tariffs are beginning to influence contractor confidence. According to ABC’s Construction Backlog Indicator, the average backlog among surveyed contractors increased to 8.5 months in March, up 0.3 months from the…