News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Construction Marketing Association / November 14, 2014
Construction firm owners are beginning to truly understand the benefits of using smartphone and tablet devices for work. One benefit that is often overlooked however is using mobile devices to reduce reliance on paper forms and manual processes.
The average cost of paper per employee is $80. It takes an average of 18 minutes to find a paper document, and a whopping 70 percent of businesses would fail in three weeks if they had a catastrophic loss of paper due to a fire or flood. Paper forms decrease worker productivity, increase risk/liability, and decrease operational efficiency.
Mobile businessRead More
Associated Builders and Contractors, Inc. / Dec 5, 2014
The U.S. construction industry added 20,000 jobs in November, with nonresidential construction contributing 4,900 of them, according to the Bureau of Labor Statistics preliminary estimate released Dec. 5. October’s overall construction estimate was revised downward from 12,000 to 7,000 net new jobs and nonresidential construction lost 2,100 jobs in October, after revisions.
“Nonresidential construction added nearly 5,000 jobs in November and the outlook remains positive,” said Associated Builders and Contractors Chief Economist Anirban Basu. “It is important to noteRead More
Associated Builders and Contractors, Inc / November 17, 2014
Associated Builders and Contractors (ABC) Construction Backlog Indicator (CBI) reached a new all-time high during the third quarter of 2014 at 8.8 months, eclipsing the previous all-time high of 8.5 months in the second quarter of 2014. The 2014 third quarter backlog is 6.9 percent higher than the third quarter of 2013 and the continued growth of backlog during the last six months likely indicates that 2015 will be a strong year of recovery for the nation’s nonresidential construction industry.
“Every region of the nation experienced expanding backlog during the third quarter and soRead More
Associated Builders and Contractors, Inc. / November 18, 2014
October marked the fifth consecutive month during which construction input prices have failed to rise. Inputs to construction industries were down 0.9 percent for the month but expanded 1 percent on a year-over-year basis, according to a Nov. 17 producer price index (PPI) release from the U.S. Department of Labor. Inputs to nonresidential construction fell 1.1 percent for the month but are 0.5 percent higher than at the same time last year.
“This deflation in an array of commodities should be viewed positively for the economy as well as for nonresidential construction,” said AssociatedRead More
In a recent post to his GatesNotes blog, former Microsoft Co-Founder Bill Gates wrote about the future of global consumption and a theory called, “relative dematerialization.” This theory suggests that, as innovation lets us make a given product more efficiently, with fewer materials or energy, prices go down and consumption goes up. Someone figures out how to make cell phones with less metal, which makes them cheaper, which makes them more widespread. Less metal per phone, but more phones, so more metal overall.
Consider that, in our industry, steel and concrete are much cheaper to produceRead More