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Viewpoint CEO Manolis Kotzabasakis opened the Viewpoint Collaborate 2017 User Conference with an inspiring keynote speech. Viewpoint CEO Manolis Kotzabasakis welcomes the crowd at Collaborate 2017. In his keynote, Kotzabasakis’ focused on how integration is key to help build a stronger construction industry overall.
The outlook for 2017 is even more bullish, according to Wells Fargo’s Construction IndustryForecast2017, “with significant talk in all areas of the need for increased infrastructure spending. trillion—a 4.5-percent percent increase over 2015, according to a report by JLL Research.
To date, 2017 Construction Labor Cost Data shows a increase of 2.5%-2.7% 2.7% (over 12 months period), indicating a strong overall industry and consistent with forecasts of an approximate 3% increase for the year. Private office construction spending increased 29% in 2017, but demand has decreased (Census Bureau).
The American Rental Association’s (ARA) Rental Market Monitor forecasts rental revenues will reach $33.5 According to the forecast, equipment revenue in the U.S. According to the forecast, equipment revenue in the U.S. billion by 2017.' billion, a 7-percent increase over 2012, according to Rental Equipment Register.
Only 25 percent of construction projects are finished within 10 percent of their original deadlines, and 35 percent of costs in the construction industry can be attributed to material waste and rework. The construction industry hasn’t been the quickest adopter of technology. Get on the same page with construction software.
The AIA Consensus Construction Forecast projects annual growth in the 3.5 percent range for the remainder of 2017 as well as for 2018, with a slower growing commercial/industrial market, and an institutional sector facing several challenges. percent to 4.0
By 2020, technology adoption in construction is expected to reach 70 percent, according to a 2017 report from McKinsey Global Institute. There has also been an increase in mobile device and cloud storage use at companies throughout the construction industry. At Viewpoint, we know the construction industry.
The latest Urban Land Institute Forecast for the real estate economy sees three years of continued strength, with the industry set for sustainable growth in 2015 through 2017. ULI Forecast For CRE: Strength And Growth Through 2017 appeared first on Business Facilities (BF) Magazine.
Politics aside … industry will continue to grow while facing some challenges. Despite all these changes and challenges, there is a positive plumbing forecast for the New Year — the plumbing industry will continue to grow. read more.
Last year brought bold moves that bolstered nearly every realm of the construction industry. Tax cuts and reduced regulations buoyed the stock market, and many construction firms geared up for a continuation of the growth seen during 2017. Then came the tariffs tiff, igniting a trade war affecting…
. – A market study released by the Metal Construction Association reports that 2017 will be the year the nonresidential construction industry will return to the peak levels last seen in 2007. The residential market will take a bit longer to hit the mark, but the news is positive across the board for industry stakeholders.
Associated Builders and Contractors (ABC) Chief Economist Anirban Basu, American Institute of Architects (AIA) Chief Economist Kermit Baker and National Association of Home Builders (NAHB) Chief Economist Robert Dietz predicted continued growth for the construction industry in 2017 during a joint economic forecast Monday.
A new five-year forecast for equipment rental industry revenues released by the American Rental Association (ARA) shows a moderate strengthening compared to the November forecast. billion in 2017, but then grow at an average annual rate of 4.3 percent over the forecast to top $56 billion in 2020.
The American Rental Association's (ARA) five-year forecast for equipment rental industry revenues was released in January 2017 and projects U.S. billion in 2017, then grow at an average annual rate of 4.3 percent over the forecast to top $56 billion in 2020. equipment rental revenue will reach $48.9
billion in 2017, growing at a CAGR of 11.6% from 2012 to 2017. The biotechnology market is expected to show substantial growth over the forecast period owing to the government support offered to various companies operating in the biotechnology field. Billion Globally In 2017 appeared first on Business Facilities.
Associated Builders and Contractors (ABC) Chief Economist Anirban Basu, American Institute of Architects (AIA) Chief Economist Kermit Baker and National Association of Home Builders (NAHB) Chief Economist Robert Dietz predicted continued growth for the construction industry in 2017 during a joint economic forecast today.
The new five-year forecast for equipment rental industry revenues released by the American Rental Association (ARA) continues to call for steady gains and expectations for growth are greater than in the February forecast. billion in 2017, up 4.5 The February forecast projected U.S. ARA now projects U.S.
ABC Chief Economist Anirban Basu, AIA Chief Economist Kermit Baker and NAHB Chief Economist Robert Dietz predicted continued growth for the construction industry in 2017 during a joint economic forecast today. read more.
. – Associated Builders and Contractors’ Chief Economist Anirban Basu, American Institute of Architects’ Chief Economist Kermit Baker and National Association of Home Builders’ Chief Economist Robert Dietz predicted continued growth for the construction industry in 2017 during a recent joint economic forecast.
How the Construction Industry Is Rethinking Workforce Development. Home builders, trade associations, NGOs, and other groups are aggressively ramping up skilled construction labor training programs to bring more workers into the industry. Wed, 12/07/2022 - 09:51. John Caulfield, Senior Contributing Editor. But the task is monumental.
At Viewpoint and throughout the construction industry, productivity has been a popular topic of discussion. People are right to be concerned, since in 2017, McKinsey Global Institute found the construction industry’s labor productivity only improved 1 percent globally over the past 20 years. Cut Down on Labor Hours.
Southern Botanical , an industry leading commercial and residential landscaping company headquartered in Dallas, Texas, needed a better way to give its clients a secure method for online payments. The company was honored as the 2017 Spectrum Innovator Award Winner just prior to Viewpoint’s acquisition of Dexter + Chaney.
According to a new market report published by Transparency Market Research titled, “Construction Equipment Market – Global and China Forecast, Market Share, Size, Growth and Industry Analysis, 2011 – 2017,” the global construction equipment market is expected to reach $192.3 billion by 2017 from $143.6 from 2012 to 2017.
The latest five-year forecast for the equipment rental industry released by the American Rental Association (ARA) remains positive, even as several economic factors point toward more modest increases over the next five years. The forecast, updated at the end of October, calls for industry revenue to increase by 4.3
Associated Builders and Contractors forecasts a slowdown of growth in the U.S. commercial and industrial construction industries in 2017. economy continues to expand amid a weak global economy and, despite risks to the construction industry, nonresidential spending should expand 3.5 WASHINGTON, D.C.
The American Rental Association (ARA) , which offers quarterly updates to its five-year forecast for equipment rental industry revenue to reflect more current economic factors, released its second quarter outlook which calls for continued revenue growth of 5.6 percent in 2017 in the U.S. percent in 2016 and 4.9
Slower growth in the general economy, brought on by seemingly mounting national and international vulnerabilities, is putting downward pressure on the construction industry, whose sectors expanded last year by 20% or more but are moderating to single-digit growth levels.
. – Dodge Data & Analytics released its 2017 Dodge Construction Outlook, a mainstay in construction industryforecasting and business planning. construction starts for 2017 will advance 5 percent to $713 billion, following gains of 11 percent in 2015 and an estimated 1 percent in 2016.
Wells Fargo Equipment Finance has released its 2018 Construction IndustryForecast based on a survey of construction industry executives in 44 states completed in November 2017.
employers (21 percent) plan to add staff in the fourth quarter of 2017, according to the latest ManpowerGroup Employment Outlook Survey. “Technological disruption is transforming manufacturing into a high-tech, high-skilled industry,” said Michael Stull, Senior Vice President, Manpower North America. One in five U.S.
The construction industry in numbers. As reported by McKinsey & Company , the growth of labour productivity in the construction industry has averaged just 1% a year over the last twenty years on a global scale. The need for a more collaborative and innovative approach in the industry is stronger than ever.
Commercial property transaction volume is expected to decline over the next three years to $475 billion in 2018, according to a new three-year economic forecast from the Urban Land Institute (ULI) Center for Capital Markets and Real Estate. percent in 2017 and 3 percent in 2018, all below the long-term average growth rate of 5.8
According to GTM Research’s report, Microgrids 2014: The Evolution of Localized Energy Optimization , current microgrid capacity stands at 1,051 megawatts and is forecasted to reach approximately 1,843 megawatts by the end of 2017, driven in part by a number of recently announced state-level resiliency programs.
The Home Improvement Research Institute (HIRI) has just released its September 2012 forecast for the size and trends in the home improvement market. TAMPA, FLA. -- The Home Improvement Research Institute (HIRI) has just released its September 2012 forecast for the size and trends in the home improvement market. Advertisement. ); //.
Rental industry revenue is projected to grow at least 7 percent per year through 2018, according to projections by the American Rental Association (ARA) in its ARA Rental Market Monitor forecast. percent in 2017, and 7.4 Total equipment rental revenue is expected to grow 7.3 percent in 2015, 7.8 percent in 2016, 7.3 billion.
Construction industry statistics and data are increasingly important as they help accelerate decision-making on and off the construction site. Seventy-five percent of global construction industry stakeholders agree or strongly agree that the need for real-time decision-making is increasing at the project level. State of the industry.
The whys, tactics and what comes next By Bud LaRosa The construction industry is enjoying an enormous economic recovery. With projections for growth in 2017forecasting the recovery to continue, one of the greatest threats that could derail the recovery is the lack of skilled. Many urban centers are dotted with cranes.
According to the Florida & Metro Forecast 2013–2016 , published in April by the Institute for Economic Competitiveness (College of Business Administration, University of Central Florida), Florida’s economic future also looks bright. The state will cross the trillion dollar threshold for nominal GSP in 2017. By Dominique Cantelme.
This is estimated by the Office of Budget Responsibility to equate to providing about £1.5Bn a year in investment, which would not impact on its UK economic growth forecasts. Few in the construction industry would object to that. It was scrapped in 2017 and was criticised for delivering poor value for money.
The 2007 report found “unequivocal” evidence of warming, but equivocated on responsibility, stating the chances were “at least 90 percent” that human activities were a major cause of a 41-percent rise in greenhouse gases since the beginning of the Industrial Revolution. There’s no point in waiting until 2017 to consider the ramifications.
From the July/August 2017 Issue . Florida is working on legislative, fiscal and marketplace initiatives such as insurance tort reform, targeted industry incentives and many more. In addition, for businesses in certain targeted industries or specialized locations, the state offers additional financial incentives. By the BF Staff.
This movement is made evident by the 2024 AIA Consensus Construction Forecast, 1 which projects a pattern of stable growth for healthcare will continue, producing an increase in spending of around 3.5 Composition—Stainless steel used in metal fabrics contains greater than 60 percent post-industrial and post-consumer content recycled material.
From the September/October 2017 Issue. Johnson County, located on Indianapolis’ near south side, is capitalizing on its prime location and welcoming the logistics industry and scores of distribution centers to the area. By the BF Staff. A major logistics trend on the rise is autonomous road transportation—no drivers needed.
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