David Meadows’ Post

The construction industry faces numerous and complex challenges, particularly in housing. The growing demand for adequate housing is hindered by commercial concerns of key stakeholders and a major hurdle is the imbalance between practicality and commercial viability when structuring and negotiating projects. Kayla Causer from HopgoodGanim's Construction Practice, discusses further in this article: https://lnkd.in/gfEzAASQ.

The Australian housing construction industry is facing significant challenges, with a decline in new construction projects, increased costs, and reduced demand due to affordability constraints. What does this mean for business owners in the industry? 𝐑𝐞𝐝𝐮𝐜𝐞𝐝 𝐝𝐞𝐦𝐚𝐧𝐝: Fewer new construction projects can lead to reduced revenue and profitability. 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐜𝐨𝐬𝐭𝐬: Rising construction costs can squeeze profit margins and make it harder to remain competitive. 𝐂𝐚𝐬𝐡 𝐟𝐥𝐨𝐰 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭: Effective credit risk management is crucial to navigate delayed or reduced payments from clients. 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧:  Investing in research and development can help improve efficiency and reduce costs. How do you think the industry can overcome these challenges and build a stronger future? Link to the article: https://lnkd.in/g9u2TD_Z

A picture is worth a thousand words, and in the world of construction, going modular is essential. However, the choice of materials and techniques is crucial, as it can significantly impact the ability to produce a cost-effective product and generate profit. Much of today's building technology seems almost designed to fail. Imagine if cars, planes, trains, and containers were all handcrafted from wood—this illustrates the construction industry's dire need for standardization and the application of mass production principles. By adopting these simple strategies, we can reduce costs, boost productivity, and restore profitability. Our innovative second-generation VEGO building technology enables the production of robust, energy-efficient building components from our new SF composite (steel foam). This technology allows for the construction of one small house per minute or 24,000 square feet per hour within a 200,000-square-foot factory built using VEGO components. You can design layouts in 400mm increments, up to 10 stories high. Moreover, we are developing the capability to extend this up to 50 stories.

🚧 Construction Starts Outperform Last Year! 📈 Great news from Glenigan's August 2024 Construction Review! The industry is showing signs of a strong rebound with an 8% increase in work starting on site compared to the same period last year. This uptick reflects growing confidence and recovery within the sector, highlighting promising times ahead for construction professionals. The boost primarily stems from a 42% surge in major project-starts, indicating a renewed focus on large-scale developments. Residential construction is also doing well, driven by a 25% jump in private housing starts. Although there's still room for growth compared to pre-pandemic levels, the trend is encouraging. From Yorkshire and the Humber to Scotland, regional performance has been generally impressive too! While some areas still lag behind their performance from a year ago, double-digit growth is evident in regions like Wales (10%) and Northern Ireland (39%). These gains suggest strong momentum as we move towards the latter part of the year. What's been your experience so far this year? Are you noticing the same positive trends in your region? Drop a comment below; I'd love to hear your thoughts! #Construction #IndustryRecovery #ResidentialConstruction

🚧 Construction Starts Outperform Last Year! 📈 Great news from Glenigan's August 2024 Construction Review! The industry is showing signs of a strong rebound with an 8% increase in work starting on site compared to the same period last year. This uptick reflects growing confidence and recovery within the sector, highlighting promising times ahead for construction professionals. The boost primarily stems from a 42% surge in major project-starts, indicating a renewed focus on large-scale developments. Residential construction is also doing well, driven by a 25% jump in private housing starts. Although there's still room for growth compared to pre-pandemic levels, the trend is encouraging. From Yorkshire and the Humber to Scotland, regional performance has been generally impressive too! While some areas still lag behind their performance from a year ago, double-digit growth is evident in regions like Wales (10%) and Northern Ireland (39%). These gains suggest strong momentum as we move towards the latter part of the year. What's been your experience so far this year? Are you noticing the same positive trends in your region? Drop a comment below; I'd love to hear your thoughts! #Construction #IndustryRecovery #ResidentialConstruction

🚧 Construction Starts Outperform Last Year! 📈 Great news from Glenigan's August 2024 Construction Review! The industry is showing signs of a strong rebound with an 8% increase in work starting on site compared to the same period last year. This uptick reflects growing confidence and recovery within the sector, highlighting promising times ahead for construction professionals. The boost primarily stems from a 42% surge in major project-starts, indicating a renewed focus on large-scale developments. Residential construction is also doing well, driven by a 25% jump in private housing starts. Although there's still room for growth compared to pre-pandemic levels, the trend is encouraging. From Yorkshire and the Humber to Scotland, regional performance has been generally impressive too! While some areas still lag behind their performance from a year ago, double-digit growth is evident in regions like Wales (10%) and Northern Ireland (39%). These gains suggest strong momentum as we move towards the latter part of the year. What's been your experience so far this year? Are you noticing the same positive trends in your region? Drop a comment below; I'd love to hear your thoughts! #Construction #IndustryRecovery #ResidentialConstruction

🚧 Construction Starts Outperform Last Year! 📈 Great news from Glenigan's August 2024 Construction Review! The industry is showing signs of a strong rebound with an 8% increase in work starting on site compared to the same period last year. This uptick reflects growing confidence and recovery within the sector, highlighting promising times ahead for construction professionals. The boost primarily stems from a 42% surge in major project-starts, indicating a renewed focus on large-scale developments. Residential construction is also doing well, driven by a 25% jump in private housing starts. Although there's still room for growth compared to pre-pandemic levels, the trend is encouraging. From Yorkshire and the Humber to Scotland, regional performance has been generally impressive too! While some areas still lag behind their performance from a year ago, double-digit growth is evident in regions like Wales (10%) and Northern Ireland (39%). These gains suggest strong momentum as we move towards the latter part of the year. What's been your experience so far this year? Are you noticing the same positive trends in your region? Drop a comment below; I'd love to hear your thoughts! #Construction #IndustryRecovery #ResidentialConstruction

🚧 Construction Starts Outperform Last Year! 📈 Great news from Glenigan's August 2024 Construction Review! The industry is showing signs of a strong rebound with an 8% increase in work starting on site compared to the same period last year. This uptick reflects growing confidence and recovery within the sector, highlighting promising times ahead for construction professionals. The boost primarily stems from a 42% surge in major project-starts, indicating a renewed focus on large-scale developments. Residential construction is also doing well, driven by a 25% jump in private housing starts. Although there's still room for growth compared to pre-pandemic levels, the trend is encouraging. From Yorkshire and the Humber to Scotland, regional performance has been generally impressive too! While some areas still lag behind their performance from a year ago, double-digit growth is evident in regions like Wales (10%) and Northern Ireland (39%). These gains suggest strong momentum as we move towards the latter part of the year. What's been your experience so far this year? Are you noticing the same positive trends in your region? Drop a comment below; I'd love to hear your thoughts! #Construction #IndustryRecovery #ResidentialConstruction

🚧 Construction Starts Outperform Last Year! 📈 Great news from Glenigan's August 2024 Construction Review! The industry is showing signs of a strong rebound with an 8% increase in work starting on site compared to the same period last year. This uptick reflects growing confidence and recovery within the sector, highlighting promising times ahead for construction professionals. The boost primarily stems from a 42% surge in major project-starts, indicating a renewed focus on large-scale developments. Residential construction is also doing well, driven by a 25% jump in private housing starts. Although there's still room for growth compared to pre-pandemic levels, the trend is encouraging. From Yorkshire and the Humber to Scotland, regional performance has been generally impressive too! While some areas still lag behind their performance from a year ago, double-digit growth is evident in regions like Wales (10%) and Northern Ireland (39%). These gains suggest strong momentum as we move towards the latter part of the year. What's been your experience so far this year? Are you noticing the same positive trends in your region? Drop a comment below; I'd love to hear your thoughts! #Construction #IndustryRecovery #ResidentialConstruction

🚧 Good news for the UK construction industry! (fingers crossed) 🤞   Glenigan forecasts 8% growth in 2025 and 10% in 2026, driven by private housing recovery, rising public investment, and stronger economic confidence. Key growth areas include offices, private housing, and social housing, supported by strategic fiscal changes in the recent Budget.   The future is looking better for construction with £74.3bn in project starts expected in 2025 and £81.9bn in 2026! 🙌   Source: https://lnkd.in/en4wvuPg   #ConstructionGrowth #UKConstruction #PositiveOutlook #HousingRecovery