Tag Archive for real-estate

Non-Residential Construction Jumps 32.4% in March

$25 billion in non-residential construction starts in March marked a 32.4% climb over February numbers according to the just released Construction Industry Snapshot by CMD Group, formerly Reed Construction Data. The positive number in March confirms an upward trend in construction spending, but falls short of the same period last year when spending increased by 40.3%. For comparison, the long-term February-to-March increase has been 6.0%. See the full report from CMD here.

Non-Residential Construction Jumps 32.4% in March

Graph courtesy of CMD Group

2014 Construction Industry Roundup and 2015 Forecast

2014 Construction Industry Roundup and 2015 ForecastWhile architects, engineers and construction pros close the books on 2014, industry experts have already crunched mountains of data and released their predictions regarding where the construction industry is headed in 2015. Here are some highlights from industry analysts.

The Associated General Contractors of America @AGCofA

AGC of America Economist Ken Simonson took a look back at 2014. In a recent release, Simonson cited a report from the Department of Labor which confirmed 37 states and the District of Columbia added jobs between October 2013 and October 2014. The association’s chief economist noted, “These year-over-year and one-month changes show that construction is doing well in most of the country. Yet, the list of states that have added construction jobs varies from month to month, showing that the industry’s recovery remains vulnerable to worker shortages and unfavorable governmental actions.”

Forbes @Forbes

Houston was the fastest growing U.S. city in 2014, according to Forbes Staff Writer Erin Carlyle. The oil industry metropolis was the site of $25.1 billion in new construction in Read more

Could the Tech Industry Save Office Construction?

Amazon Rufus 2.0 office contructionAcross the country, office construction has seen a recent boom, thanks to technology companies like Amazon, Google, Microsoft, and Facebook. These multi-billion dollar firms are expanding rapidly, and looking for more space for offices and data storage.

A recent article, titled Demand from Tech Sector Helps to Reboot Office Market, from Engineering News Record (ENR.com), took an in-depth look into the recent “reboot” of office construction, highlighting cities like Seattle, San Francisco, and even Read more

Essential Design Factors of Net Zero Energy Buildings

Net Zero Energy BuildingsNet zero energy buildings are structures, either site-built or modular, that produce as much energy as they consume, resulting in zero additional energy required from outside sources. While defining the parameters of what makes a building net zero certified had previously been a bit hazy, the Living Building Challenge recently developed more defined criteria. With this in mind, let’s take a look at the essential design factors in every net zero energy building.

Good Design Dictates Lower Energy Needs

Good design is the start of every net zero energy building. Before considering renewable Read more

The Pros and Cons of Energy Usage Disclosure

Energy Usage DisclosureAs global green initiatives continue to increase and energy efficiency remains a priority, the question of energy usage disclosure has become a highly contested issue. As its name suggests, energy usage disclosure is the requirement that building managers report the total energy consumption rates of their respective properties.

Much of the country already complies with such informational reporting (specifically Northeastern states), however California, due to state law AB 1103, and Chicago now require that commercial building owners disclose their energy use. Other major cities, including New York, Austin, Seattle, and Washington, D.C. are Read more

Construction Material Costs on the Rise at Home and Abroad

Cost of Construction Materials on the RisePrices for construction materials have jumped in the United States, and around the globe. Two questions are apparent: why, and what does it mean for the future of construction?

Gypsum Leads Price Hike

At 14%, gypsum products rose the most in the past year. Lumber and plywood posted the second highest hike at 9%. Prepared asphalt and tar roofing climbed 5.4%. Lumber prices are expected to outpace all rising costs, as new federal regulations force an industry slowdown. Insulation materials, construction machinery and equipment, and asphalt Read more

State of the Industry: 2013 U.S. Construction Performance Scorecard

2013 Construction Performance Scorecard - State of the IndustryWith the building season winding down, it’s a good time to look back at how construction in 2013 stacked up against industry predictions and look ahead to 2014.

U.S. Construction Growth

In October 2012, McGraw-Hill Construction’s Dodge Outlook report predicted U.S. Construction would see an uptick of 6%, bringing construction to $483 billion in 2013. The August 2013 update shows that for overall growth, the McGraw-Hill prediction was spot on. Here’s a breakdown of how sectors within construction performed this year compared to projections.

Single Family Housing

McGraw-Hill predicted an increase of 21% more units and a 24% increase in revenue. Building is on-track to outpace those predictions, with 28% growth. The increase is due Read more

Las Vegas Mobile Offices Show Off Artistic Edge

Mobile office for Las Vegas Downtown Project - 1We’ve seen our modular buildings used in some pretty innovative ways. But one of our latest mobile offices to hit the street in Downtown Las Vegas is showing far more character, and color, than usual.

The owner of Zappos.com is investing $350 million in the revitalization of the area through a project called the Downtown Project.

The ModSpace mobile office is a dramatic visual and place where developers can show their vision to prospective clients, businesses and investors. When completed the Downtown Project should give a huge boost to the local economy, including one of our favorite parts, Container Park, where colorful, repurposed steel storage containers are the backdrop for a cool new urban scene.

End of Mobile Office for Las Vegas Downtown ProjectArtistic Mobile Office for Las Vegas Downtown Project - 2

Side of Mobile Office for Las Vegas Downtown Project

Is Blue Infrastructure the Cure for Ailing Detroit?

Is Blue Infrastructure the Cure for Ailing Detroit?Detroit’s recent bankruptcy filing has pushed city leaders and residents to find new ways to manage its financial, human and natural resources. After several years in the red, some Detroit decision-makers are now looking to take the Motor City into the blue… as in blue infrastructure.

What is Blue Infrastructure?

Blue infrastructure refers to the redirection of rain water from sewers to ponds and other storage facilities. The same runoff is then Read more

Chasing Jobs: Current and Future U.S. Construction Hot Spots

ModSpace HQ mobile office at the Barclay's Center in Brooklyn, New YorkThe national outlook for the construction industry remains positive, though some regions are outpacing others on the road to recovery. As new projects get started across the country, here’s a look at where the U.S.’s current and future construction hot spots lie. 

The Big Apple Gets Bigger

New York City leads the way, according to a recent report from Forbes.com. The City (and its NY and NJ suburbs) remains strong in residential and non-residential development. Two massive Read more