In today’s roundup, construction waxes and wanes, energy goals are set, and concerns abound for the commercial real estate market in the United States and Europe. A new AI-driven real estate platform, Land on Earth, will use their ChatGPT-powered HomeMatch technology to match house hunters with their ideal properties. (Business…
Design professionals, real estate developers and builders alike are advocating for a relatively new way of using one of the world’s oldest building materials—wood—in large-scale commercial and residential construction projects. Mass timber, or structural timber, touts such benefits as carbon reduction and seismic durability—all with a lower construction time. With…
This week’s roundup explores how Infrastructure Investment and Jobs Act (IIJA) funding is being deployed, mass timber is on the rise as decarbonization efforts continue, and commercial real estate remains distressed. With a flurry of high-profile projects, mass timber is gaining traction. (Jeffrey Steele, Commercial Property Executive) Commercial real estate is…
The Office of Management and Budget (OMB) recently proposed new regulations regarding the use of domestic construction materials, which, among other things, identify what items will be considered construction materials and the process for determining whether they are of U.S. origin. In “OMB Proposes Revisions to Guidance Supporting the Implementation…
This spring, the National Women’s Soccer League (NWSL), the top professional women’s soccer league in the United States, will kick off its eleventh season of play. It is by far the longest-enduring and most successful professional women’s soccer league in U.S. history, and appears poised for significant growth in its…
This week’s round-up dives into projections on construction inventory in the housing market, the first 3D-printed house, a replica of South Korea’s Seoul in the Metaverse, and more. Shifts that occurred last year and at the peak of pandemic have transformed the real estate industry, with 2023 emerging as something…
To kick of 2023, this week’s news round-up dives into contech inventions projected to impact the industry, shifting home prices and buyer confidence, investors prioritizing decarbonization efforts, and more. From holograms to robots, these 6 contech innovations are projected to tackle some of construction’s toughest issues. (Robyn Griggs Lawrence, Construction Dive)…
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,…