Matrak’s Post

Despite high costs, the labor shortage crisis, and shrinking profit margins, US construction is actually thriving 🏗️ . This is the kind of news we like to start our Monday with 👷♀️📈 ! Check out the recent article in Construction Dive ⤵️ https://lnkd.in/gwb-dXdj #constructiontechnology #construction #preconstruction #digitaltransformation

The rate of decline in #UKconstruction performance continues to soften, with the value of underlying work starting on site falling 13% in the three months to May, finishing 16% lower than a year ago. https://bit.ly/3X9wBYr

Construction productivity is a complex problem requiring reform on many fronts. Risks include shortage of leadership, management and engineering talent, supply chain efficiency, contracting structures that unintentionally hamper cost-effective outcomes, and a lack of new entrants to the industry. Meanwhile, ambitious plans for new infrastructure across transport, health, energy transition, and the massive number of new dwellings we need are threatened. We all wish to expand this industry, and do better with the resources we have. https://lnkd.in/gNhTZpJF

Amid global challenges facing the construction industry, the U.S. stands out for its resilience and surge in construction activity. The U.S. has seen a 6% increase in project starts and a 31% rise in nonresidential construction planning, outpacing these economies. #ConstructionIndustry #USConstruction #WorldofConcrete

From healthcare to data centers, discover where the demand for skilled talent is surging. A must-read for professionals navigating the evolving landscape of construction.

Construction sector productivity flat since 1985 A new report highlights widespread productivity challenges in the construction sector, underlining the urgency of the government’s plan to make it easier and more affordable to build, Building and Construction Minister Chris Penk says.    “The New Zealand Chinese Building Industry Association have released a report investigating the building and construction sector and outlining the opportunities and challenges of one of New Zealand’s most important sectors.    “The construction sector is a crucial part of the economy. The report found that the sector contributed $99 billion dollars in sales in 2023 and indirectly supports over half a million or 20% of all jobs in New Zealand.    “However, the report paints a grim picture of the sector and points to a number of issues, including the fact that productivity levels have remained the same since 1985.   “Another key challenge is the slow and inefficient build process, which leads to longer wait times and higher costs. Worryingly, the report found that the time it takes to build a home has increased by 50% from 13 months to 19 months.   “These factors combine to create an unaffordable housing market which forces Kiwi families to spend more and more of their income on housing. It is unacceptable that renters now spend nearly 40% of their income on housing.    “This is reflected in the report which asked industry participants to describe the construction sector with one word, with the most common response being ‘expensive’. This is exactly why the government is focused on streamlining the building consent system and removing unjustifiable red tape that is slowing down the build process.   “Lifting productivity in the sector will not happen overnight but it is vital to build more homes so more Kiwi families can benefit from having a stable home and all the associated social and health benefits. “In the last six months the government has already progressed a raft of changes to address some of the issues raised in the report, including: 🔸 Removing barriers for overseas building products. 🔹 Progressing work to make remote inspections the default approach which offers significant productivity gains over traditional methods of inspections.  🔸 Making it easier for minor changes to be made to a building consent to remove the need for an additional application to be lodged for small changes. 🔹 Amending regulations so that smaller dams are not subject to excessive compliance costs.  🔸 Reviewing the earthquake-prone building system to better balance safety with cost and risk.    “I thank the NZCBIA for this insightful report into the building and construction sector, which has reconfirmed how critical it is we progress changes to make it easier and more affordable to build, so that we can lift the standard of living for all New Zealanders.” The report can be found here: https://lnkd.in/gqRZp-rv

𝗜𝘁'𝘀 𝘀𝗲𝘁 𝘁𝗼 🔥𝘽𝙊𝙊𝙈🔥 𝗶𝗻 𝟮𝟬𝟮𝟱... ...but with the highly anticipated growth of the industry having many professionals waiting to reap the benefits, there are also many challenges set to disrupt this growth. Here we explore 3 trends to be aware of in the construction industry in 2025. 𝗖𝗹𝗶𝗰𝗸 𝗧𝗼 𝗥𝗲𝗮𝗱 👇🏼 https://lnkd.in/efwxUQmv

Attention #construction professionals! The beginning of 2024 has brought forth new trends and challenges in the industry, from financing hurdles to fluctuating costs. Are you equipped with the skills to improve construction times, reduce waste, and lower labor costs? Discover the top construction industries shaping the future of the industry - https://bit.ly/3xwiPo5 #ConstructionIndustryTrends #IndustryInsights #Constructionjobs

Despite it being 2024, the UK construction industry still needs to catch up and embrace modern methods of construction (MMC). Its potential to accelerate the journey to net zero carbon goals and shape the future of construction sustainability is a no-brainer. Traditional construction methods continue to dominate, leading to inefficiencies, higher costs, and increased environmental impact. According to a McKinsey Global Institute report, construction productivity has grown by only 1% annually over the past 20 years. A KPMG study found that MMC can reduce construction time by up to 50% and costs by 20%. It's time for the industry to fully leverage these benefits to meet modern demands and environmental targets. #netzero #carbon #sustainableconstruction

'Glenigan’s UK Construction Industry Forecast 2025-2026 forecasts an eight per cent growth in construction output in 2025 followed by a 10 per cent increase in 2026, compared to –1 per cent in 2024.'