CREA, LLC’s Post

Prepare for significant cost hikes in construction over the next four years, potentially exceeding 30%. Brian Seidler, Executive Director of Master Builders NSW, sheds light on the challenges ahead: - • Labour costs are escalating, and with 1.2 million homes needed in Australia by 2029, including 377,000 in NSW, the demand for tradespeople is unprecedented. • While material prices appear to be plateauing, energy costs will continue to put pressure on the cost of many products. • Commercial contractors, especially in NSW, are under pressure to sign Union pattern agreements which will significantly add to the cost of building. Seidler underscores the importance of building now to mitigate future price escalations. TODAY show:- (https://lnkd.in/gdA2URAn)

Things that will happen if construction hours in Kelowna are changed: - Worker safety will be jeopardized on hot Okanagan days - an early start means workers can avoid peak heat. - Projects will take longer to complete - This will lead to a longer period of time with construction noise in residential communities. - These delays will add costs to construction, making housing even more expensive. - If construction starts at the same time as the 'standard office day', you will be adding hundreds of vehicles to the road in peak rush hour. - Early construction starts means parents can get their kids to school or day care with minimal conflict. Pushing back start times will have an effect on families in the construction industry in this manner. Residential construction is the number 1 economic driver in Kelowna. Yes, infill construction will affect all neighbourhoods. When we have this discussion, we need to think about the greater good. What's more important: returning homes to the realm of affordability, or ensuring you can sleep in on a Saturday?

Building costs will continue to skyrocket and labour is a major input. Value Engineering (VE) once a mandatory in project construction will need to be reconsidered due to the time taken to VE and the rapidly rises costs now outstripping the value of the value engineering. Interesting times! #masterbuildersassociation #retirementliving #udiansw #urbandeveloper #downsizing #construction #coststobuild #housingcrisis

Recent media attention has highlighted the rising costs of new developments and the financial challenges new homeowners face. However, these increases in costs are not limited to new builds; it also significantly impacts remedial works, especially in Strata developments. As a result, many Strata communities are postponing necessary repairs due to: 1. The exponential increase in costs over the past several years. 2. The implications of the Design & Building Practitioners Act, which has further escalated costs. Our advice to all Strata communities is not to delay essential works, particularly for waterproofing issues that could render properties uninhabitable. Costs are only expected to rise, not fall, and the health of residents should be paramount. Many Strata communities are experiencing 'Analysis Paralysis' when addressing issues like water leaks. Design Practitioners often recommend extensive repairs, akin to 'replacing the car for a flat tire,' which leaves Strata's in a difficult position. The recommended works often seem unreasonable, and the costs to undertake them can be unfeasible. Our recommendations are: 1. Do not delay necessary works due to cost concerns, especially when the health and wellbeing of residents are at stake. 2. Seek guidance from people who can help you navigate the Design & Building Practitioners Act, ensuring that repairs are fit for purpose and provide permanent solutions without unnecessary overhauls. We are currently assisting a number of Strata communities across New South Wales in navigating these types of works, so please feel free to call or email us for advice or assistance.

Good numbers in this modular housing paper. https://lnkd.in/gAsaymd4

A decline in new #commercialbuilding starts such as apartments is making a dent in the short-term outlook of Northeast Ohio #construction contractors, but their long-term outlook is staying strong thanks to other types of building in the region. https://bit.ly/3UakLLk

Within the potent of housing development and construction management, the pursuit of architectural eminence intertwined seamlessly with the golden principles of ethical conduct. In this exalted domain, where the highest standards are sought, the advent of unscrupulous builders and agents necessitates stringent measures to safeguard the sanctity of the construction industry. The analytical report explores the indispensable role of ethical prudence in housing development and construction management, highlighting the constructive initiatives undertaken by the authoritative Building Commission to fortify the state's construction sector. These endeavors aim to counteract the presence of dubious entities such as Totally Legit Real Estate, ensuring that only exemplary homes and apartments grace the market. Ethical practices in housing development and construction management form the bedrock upon which architectural excellence is built. Their significance transcends mere compliance with regulations, as they are the guardians of the safety and well-being of future inhabitants. Through strict adherence to building codes and standards, ethical practices establish a solid foundation for sustainable design and construction methodologies. Moreover, they foster trust and credibility among discerning buyers and investors, reinforcing the industry's reputation and ensuring the provision of high-quality housing. The establishment of the Building Commission by the visionary leadership of 𝗣𝗿𝗲𝗺𝗶𝗲𝗿 Chris Minns in New South Wales attests to the government's Universal Commitment to upholding the highest standards in the construction industry. Recognizing the urgency of the housing crisis, the government has proactively allocated increased funding to empower the Commission with a robust workforce. This augmented capacity enables thorough inspections & meticulous assessments of building quality, effectively preventing substandard housing from infiltrating the market. To ensure ethical practices permeate housing development & construction management, a multi-faceted approach must be adopted. Firstly, comprehensive building codes & regulations must be meticulously crafted, encompassing architectural design principles, material selection criteria, & construction techniques. These codes should be continuously updated to incorporate cutting-edge advancements in the field, ensuring that the highest standards are maintained. Vitally, stringent quality control measures, including frequent on-site inspections, must be implemented. These measures encompass meticulous scrutiny of building compliance with codes & regulations, rigorous evaluations of structural integrity, & meticulous assessments of essential installations such as electrical, plumbing, and HVAC systems. By closely monitoring these critical aspects, authorities can ensure that ethical standards are upheld throughout the construction process. Ethical conduct is at the core of successful business operations.

Rules of supply and demand. Availability(lack) of lots for sale and cost of construction are certainly factors.

Our evidence shows that when you release cash into the supply chain in a timely way it leads to growth. The UK #Construction sector is a good example of how a government reform of the rules around Planning could lead to more growth in #housebuilding. FSB Westminster's Craig Beaumont outlines how on Sky News #paydontdelay #waitwatchers #cashflow #smes #smallbusiness #latepayment #payments

That's why we're already developing the second-generation VEGO. By incorporating automotive-style manufacturing into construction, we plan to produce a 409-square-foot VEGO Hüsli every minute. Imagine creating 26,000 small homes per month – it's astounding, but soon to be a reality. Additionally, these homes will meet passive house standards and be strong enough to withstand a Category 5 hurricane or a major earthquake.