Construction Outlook 2025: How AI Revolution Will Influence What We Build, How We Build It

  • Posted on

The AI revolution is here, and it’s taking the form of a complete transformation of America’s electrical grid, water infrastructure and manufacturing industry. In his annual industry outlook, Deron Brown, president and chief operating officer for PCL Construction, offers an analysis of how the demand for more data processing and the energy to power it will impact the construction industry in 2025. “Artificial intelligence has already transformed the way many of us live and work. Over the next several years, the construction industry will be kept busy as the world plays catch-up, building the data centers, energy infrastructure and manufacturing … Read more

Filed under: eNewsTagged with: , , , , ,

H2 2022 Construction Outlook: Rising Costs, Tempered Outlooks

  • Posted on

The first half of 2022 saw cost inflation persist at an elevated rate as strong construction demand competed with a broad range of global and local issues. Though inflation and supply chain troubles are reminiscent of 2021, the contributing material components have shifted and new supply side issues have emerged. Despite a global inability to control the wide ranging disruptions and widespread fear of a recession, the industry is only just beginning to see a modest pullback and tempering of builder confidence. How will the industry’s existing inertia fare against changing economic outlooks and uncertainty? JLL’s latest Construction Outlook updates … Read more

Filed under: Economic News, eNewsTagged with: , ,

FMI Releases 2019 FMI Overview

  • Posted on

FMI Corporation has released its “2019 FMI Overview,” featuring FMI’s latest forecast, the 2019 U.S. and Canada Construction Outlook. The publication offers comprehensive construction forecasts for a broad range of market segments and geographies in the U.S. and Canada and provides valuable insights from FMI executives on how to navigate the next 12 months. Key highlights of the report include: 2018 marked another strong year for the North American built environment, with total U.S. engineering and construction spending growth expected to finish at 5 percent, the same as in 2017. Spending growth in 2018 was predominantly led by transportation and … Read more

Filed under: Economic News, eNewsTagged with: , , ,