The construction industry is booming—particularly heavy/highway projects. At the same time, construction is facing a skilled labor shortage that is requiring projects to be managed more effectively. There are many ways to improve this efficiency through leveraging new technology—including these three ways to enhance operations using project-management software, estimating technology, and more.
Perhaps one of the bigger trends for residential construction that is beginning to generate more interest lately is prefab construction. This form of construction initially emerged in the mid-1900s, with the U.K., France, and Russia being some of the first to jump into a large-scale system. Still, while many manufacturing sectors have moved from industry 3.0 to industry 4.0, construction is only starting to make the transition.
Ring in the New Year with new technology solutions. Constructech magazine is pleased to announce the 2019 Constructech Top Products, which are the elite technology products serving the construction industry, in an era where the IoT (Internet of Things), AI (artificial intelligence), machine learning, digital transformation, and other emerging technologies are taking center stage.
With challenges present on both the demand and supply sides of the equation, the economic outlook for residential construction suggests growth, but growth that’s slow and choppy rather than swift and smooth. On the demand side of the coin, challenges include higher interest rates and rising home prices that are stifling demand. On the supply side of the coin, materials and labor costs have escalated in the past few years, cramping profit margins for homebuilders.
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