The top 7 causes of construction delays
Labor issues, cost overruns, material procurement, and bad weather are among the top causes of construction delays.
Labor issues, cost overruns, material procurement, and bad weather are among the top causes of construction delays.
The construction, lifecycle planning, and design phases have one of the highest technology adoption rates at almost 80%.
Canada’s housing starts have stayed flat since the 1970s, while the population has tripled, driving Canada’s housing affordability.
Construction material costs have risen for the third consecutive month so far, thanks to tariff uncertainties clouding pricing strategies.
Project abandonments surged 9.5% in March of 2025, with private sector work hardest hit. The hike stems from tariff uncertainties.
Land costs and a competitive real estate market are some of the reasons why London, New York City, and Hong Kong are among the most…
Nonresidential construction spending surged to a record high in February 2025, driven by government spending on infrastructure.
Deepseek AI uses less power than most generative AI models. This efficiency will drive higher demand for data centers as AI use grows.
The U.S. tariffs will likely cause a recession, and diversified services, strategic spending, and tech adoption are key to keeping business afloat.
Canadian builders have started to source materials from suppliers outside of the US, signalling a shift of less dependence due to tariffs.
Wisconsin is the top state for a favorable construction environment, with a 4.4% job growth rate and 2,500 apprentices in skilled trades.
Contractor backlogs dropped 20% in 2024 to 8.4 months, highlighting slowing construction demand and rising economic pressures.