Tag: Surge
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Apartment conversion projects surge | Construction Dive
Dive Brief: Apartment conversion projects “accelerated at an unprecedented pace” across the U.S. in 2024, according to a new RentCafe report. Last year, nearly 25,000 apartments were completed via adaptive reuse, up 50% compared to 2023 and double the amount of such conversions in 2022. Currently, a record-breaking 180,585 apartments from adaptive reuse projects are…
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Public infrastructure fuels surge in construction pipeline values
The total value of published UK construction projects has more than doubled from £11bn in Q2 to £25bn in Q3 this year, according to a new report by procurement services firm Constructionline. The 127% value increase has been driven by significant new public infrastructure investments, with education, energy and health projects accounting for the largest…
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Surge Pricing and AI: Balancing Innovation and Fairness
Dynamic pricing has long shaped markets — from airlines raising fares as seats fill to hotels adjusting rates seasonally. What has changed is the arrival of artificial intelligence (AI), which allows businesses to personalize prices at scale, tailoring them to individual customers rather than broad shifts in supply and demand. According to an article on Economics…
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Rosendin buys new HQ space amid data center surge
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: San Jose, California-based electrical subcontractor Rosendin is moving its headquarters after it purchased two new office buildings five miles north of its current home, the company announced in a Sept. 17 news release. The 130,944-square-foot…
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DOGE Reforms Trigger Surge in Federal Construction Contract Terminations
The Department of Government Efficiency (DOGE) has launched sweeping reforms aimed at eliminating waste, streamlining procurement and reallocating federal funds away from underperforming or redundant programs. While DOGE’s mission focuses on government operations, government contractors – including in the construction industry – are feeling the ripple effects of the department’s actions. One of the most…
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Office Conversions Surge Amid Rising Vacancy Rates
Key Takeaways: The national office vacancy rate was 19.4% in May, up 160 basis points year-over-year, with occupancy unlikely to rise in near future The average U.S. office listing rate was $33.15 per square foot in May, increasing 4.8% year-over-year Office construction pipeline continued to shrink, with 41.5 million square feet of office space currently under construction Los Angeles…
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‘Unwelcome surge’ of project abandonments hits construction
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Project stress picked back up in March as rising uncertainty led more developers to abandon projects, according to the latest data from Cincinnati-based ConstructConnect. The Project Stress Index, a measure of construction projects that have been paused,…
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PCL ramps up manufacturing group for onshoring surge
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: PCL Construction has created a new collective that will help the company build large manufacturing projects across North America, in response to growing American and Canadian investments in reshoring production, according to a Jan. 27…
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Construction of Healthcare Facilities Expected to Surge in 2025 and 2026
As the demand for modernized and expanded infrastructure surges, one sector stands out with unprecedented momentum: healthcare facilities. Healthcare facilities are critical components of the nation’s infrastructure and from what can be seen in planning documents, it appears that almost every state and/or region in America is evaluating some type of healthcare-related upgrade. The obvious…