Every industry faces difficult challenges year after year, and the construction industry is no exception. Over the last two years, the construction industry was hit hard by the pandemic, supply chain delays and inflation. But looking ahead to 2023, some of those challenges could be easing.

The construction industry is becoming increasingly technological. Think of the evolution from drafting tables to CAD and Revit software, or the introduction of cloud computing, 3D printing, drones, wearable technology and more. Construction industry leaders are looking to decrease costs and improve productivity with digital tools.

Construction companies have been faced with escalating demands over the last few years that have compelled them to search for viable solutions. They’re now tasked with managing capital projects that have become more complicated — a compromised supply chain, an ongoing skilled labor shortage, increased regulatory scrutiny and more technology incorporated into built structures.

The national construction industry added 28,000 jobs on net in December, according to data released today by the US Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 231,000 jobs, or 3.1%.

National nonresidential construction spending increased 1% in November 2022. On a seasonally adjusted annualized basis, nonresidential spending totaled $930.1 billion for the month.

Here are a few helpful tips and reminders from Viewpoint as you prepare to tackle your 2022 year-end processes in Spectrum and Vista.

Inflation, rising interest rates and a possible global recession continue to top the list of forecasters’ concerns for the coming year.

Construction projects can get complicated. With so many contingencies and moving parts, creating schedule realism can feel overwhelming. Fortunately, construction scheduling software offers several benefits for project managers and their teams.

The national construction industry added 20,000 jobs on net in November, according to data released today by the US Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 248,000 jobs, or 3.3%.

National nonresidential construction spending decreased .3% in October 2022. On a seasonally adjusted annualized basis, nonresidential spending totaled $898.4 billion for the month.