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Construction Dive
Overall, the AIA said trends for the next 10 years will be determined by economic and demographic developments, rather than technological innovations alone. The baby boomers are heading into retirement years, and those 65 and older will account for two-thirds of the net population growth in the next 10 years, necessitating more aging-in-place design.
Gen Xers, or those between 31 and 50 years old, were hit hardest by the Great Recession and are a key demographic for the future of housing. The millennials, however, are the largest generation, and delays in life events like marriage and family for this group will skew demand toward renting. The slowdown in population growth will reduce the need for new homes, according to the AIA, shifting the focus to improving existing homes.
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By Michael J. Berens
The year is new, but for homebuilders 2016 is looking a lot like 2015 so far. Early projections foresee continued, if gradual, moderate growth. Demand is high, but a number of mitigating factors continue to dog the industry. Much depends on whether other areas of the economy will improve enough to give homebuilders the boost they are looking for. Although December's numbers are not in yet, the industry appeared to be finishing 2015 on an upward trajectory.
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Business.com
Struggling to get your business within the top spots on Yelp?
Success in this area requires a multi-pronged approach, not the least of which involves providing amazing customer service and having a stellar product to boot.
Yet getting customers to relish in your product and services enough to leave you a raving online review is only half the battle.
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Procore Blog
As the point person for a client, the main wranglers of subcontractors and the supervisor for a project, general contractors at large construction firms have considerable responsibilities that impact the full range of operations at a company. With so many loose ends that need to be tied up on a regular basis, general contractors must do whatever they can to truly help their large construction firms grow even larger.
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Procore Blog
The subcontractors role is an important component to every construction job. General contractors and construction companies generally have some sort of constraints on their offerings, so they turn to subcontractors to fill in any skill gaps. According to Builder Online, more than one-third of single-family builders use subcontractors for 100 percent of the building cost. These subcontractors range from carpentry to security personnel, and their numbers are still on the rise. In the last 15 years, subcontractors accounted for three-fourths of the building cost for nearly 75 percent of builders, a significant increase over the two-thirds who used them in 1999.
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ABC via For Construction Pros
Construction material prices fell for the sixth consecutive month in December, losing 1.2 percent on a monthly basis and 4 percent on a yearly basis according to an analysis of the Bureau of Labor Statistics Producer Price Index by Associated Builders and Contractors. Construction input prices have fallen 7.2 percent since peaking in August 2014 and have fallen in 11 of the previous 16 months. Nonresidential construction input prices exhibited similar declines, falling 1.1 percent for the month and 4 percent for the year.
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Construction Dive
Construction startups are hot and getting hotter. In an industry notorious for late adoption of technology, apps and innovative devices abound — and there doesn’t seem to be any sign of retreat. So the question remains: What is it about the construction industry that is generating so much excitement in the startup world?
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