ConstructionIndustry

Australians Opt for Home Renovations Over New Constructions, Says KPMG

27 days ago

In a recent report released by KPMG, a notable shift in Australian homeowners' preferences has been identified. Rather than pursuing new home builds, many Australians are choosing to invest in renovations and upgrades to their existing properties. This trend comes amid a significant decline in the overall housing market, fueled by escalating interest rates, economic uncertainty, and rising construction costs.

The Future of Buildings: Can They Become Sustainable Allies for the Planet? Insights from COP29

1 month ago

As the COP29 conference approaches, a critical discourse is emerging around the sustainability of buildings and their potential role in combating climate change. With global carbon dioxide emissions from buildings accounting for approximately 40% of the total, there is an urgent call for the architectural and construction industries to adopt more environmentally responsible practices.

Miami Developer Calls for Urgent Rate Cuts to Revive Real Estate Market

1 month ago

In a bold statement that reflects the pressing challenges facing the real estate sector, a prominent Miami developer has articulated the urgent need for interest rate reductions to reinvigorate the struggling market. The developer argues that the current economic climate, characterized by soaring rates and high inflation, is stifling growth and could lead to a stagnation in real estate activities.

Surge in Homebuilder Optimism After Election Results: Gaining Ground in a Competitive Market

1 month ago

In a notable shift in market sentiment, U.S. homebuilder confidence has reached its highest point in seven months, following the recent national elections. This rejuvenated optimism in the housing industry comes amid a backdrop of economic uncertainties and shifting policies that typically influence market dynamics.

D.R. Horton Hits Builders Hard as Prospective Homebuyers Worry About Soaring Interest Rates

2 months ago

In a challenging climate for the housing market, D.R. Horton, the largest homebuilder in the United States, has unveiled its disappointing quarterly results, which reveal the harsh realities facing builders today. The company's staggering drop in demand amidst rising interest rates has sent ripples throughout the industry, leaving homebuilders scrambling to navigate a market rife with uncertainty.

Holcim's Earnings Surge Amid Strong US Market Performance

2 months ago

Holcim Ltd., a leading global construction materials company, has reported a notable increase in its earnings, buoyed primarily by robust demand in the United States market. The company’s financial performance reflects not only its operational efficacy but also a strategic alignment with the escalating requirements of the construction sector in the region.