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US Fed cuts rates again, construction should benefit

Dec 19, 2024 (0) comment , ,

Federal Reserve Chairman Jerome Powell speaks during a news conference after a meeting of the Federal Open Market Committee on Sept. 18, 2024, in Washington, D.C. Anna Moneymaker/Getty Images via Getty Images Brief: The Federal Reserve trimmed the main interest rate by a quarter percentage point Wednesday in its third straight reduction since September, while […]

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Half of IIJA funds unspent with Trump set to take office

Dec 16, 2024 (0) comment , ,

Biden officials are rushing to get money out the door ahead of the incoming administration. Brief: Three years into the five-year federal law, $568 billion, or 47%, of Infrastructure Investment and Jobs Act funds have been announced, per a White House fact sheet released Nov. 15. More than 66,000 construction projects are advancing via President […]

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Governor Newsom Signs Three New Accessory Dwelling Unit Bills

Dec 05, 2024 (0) comment , ,

More Changes Coming to California’s ADU Laws In recent years, the California Legislature has enacted bills that reduce local control over the development of accessory dwelling units (ADUs) and junior accessory dwelling units (JADUs). Recent examples include legislation requiring ministerial approval of ADU and JADU applications within 60 days, authorizing ADUs on lots with multifamily […]

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16 amazing ADUs to inspire

Dec 05, 2024 (0) comment , ,

Around 2020, homeowners started to get serious about accessory dwelling units (ADUs). Some efforts, for example in Los Angeles under the direction of the city’s chief design officer, Christopher Hawthorne, it created a program that allows architects to submit plans for pre-approval to cut down the weeks-long permitting process to as a little as a […]

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October 2024 wins: Contractors report their latest awards

Nov 21, 2024 (0) comment , ,

Here is a round up the newest project wins from some of the country’s biggest builders including Gilbane, Kiewit and Hensel Phelps. A rendering of the NBA’s Charlotte Hornets’ new facility in North Carolina, which Gilbane Building Co. will construct. Courtesy of Charlotte Hornets   Project awards are the lifeblood of every construction firm, as […]

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The translucent solar panel that will replace your windows

Nov 14, 2024 (0) comment , , ,

  A recent scientific breakthrough is paving the way for transparent solar panels, a technology that can potentially bring solar energy everywhere. Photo: Richard Lunt / Michigan State University   A breakthrough in solar technology has been achieved. This new technology has come a long way since originally being developed  by a team of researchers […]

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Construction backlog rebounds in wake of rate cut

Oct 31, 2024 (0) comment , , ,

After briefly falling at the end of the summer, the amount of work on builders’ books rose again following the Fed’s loosening last month. A construction crew works on a CloudHQ data center on July 17 in Ashburn, Virginia. Nathan Howard/Stringer via Getty Images   Brief: What a difference a half-point rate cut makes. Thanks […]

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Top Ten Buildings With Amazing Engineering innovation

Oct 25, 2024 (0) comment , , ,

Check out these ten buildings that required major architectural design, engineering innovation and creativity.     1. Tapei 101, Taiwan   Architects: Chu-Yuan Lee & Wang Chung-ping   The Taipei 101 is not only the tallest building in Taiwan but also contains one of the world’s largest mass damper systems or Gyroscopic stabilizer (weighing approximately […]

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EPA requires lead pipes to be replaced nationwide within 10 years

Oct 18, 2024 (0) comment , ,

The landmark rule imposes the strictest limits on lead in drinking water since federal standards were set 30 years ago. Image from Pixabay.   Brief: The Biden administration issued a final rule Tuesday requiring drinking water systems across the country to identify and replace lead pipes within 10 years, according to a news release from […]

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9 year-end tax tips for general contractors

Oct 10, 2024 (0) comment , ,

Company leaders should take time to review the tax implications of their business and operations now, writes a CPA focused on construction. Tourists walk past the headquarters of the Internal Revenue Service near the National Mall on April 7, 2023, in Washington, D.C. Chip Somodevilla via Getty Images April 2025 may feel like a lifetime […]

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