This week’s round-up features the construction industry’s latest happenings: the Inflation Reduction Act, women shattering the glass ceiling, eco-friendly floating homes, and more.
- The Inflation Reduction Act contains approximately $5 billion for programs to accelerate the construction industry’s shift toward green building materials. (Julie Strupp, Construction Dive)
- According to a new analysis from consultancy Rider Levett Bucknall, the speed of growth for construction costs has only gotten faster. (Erik Sherman, Globe St.)
- Record vacancies in the construction industry has created the opportunity for women to step into what’s previously been an all-male business. (Craig Torres & Maria Paula Mijares Torres, Bloomberg)
- A midlife crisis hits office buildings, with the late-30s/early-40s stable of office product accounting for about a third of the national market today. (Commercial Observer)
- Central business districts in downtown areas are rapidly transforming into spaces to live and socialize, not just work, thanks to the enduring effects of COVID-19 and the rise of remote and hybrid work. (Richard Florida, Bloomberg)
- According to the Census Bureau, the number of housing starts (new housing construction) declined 9.6% to 1.4 million last month, signaling a retreat in the housing sector. (Jonathan Ponciano, Forbes)
- Panama-based marine technology company, Ocean Builders, recently unveiled a fleet of living pods currently under construction. (Esthefany Castillo, Yahoo)