Older buildings and substandard construction left Venezuela vulnerable to earthquakes AP News
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The Building Cost Information Service (BCIS) has released a five-year forecast predicting that building costs will rise by 13.1% and tender prices by 15.5% by the second quarter of 2031. This outlook reflects a complex environment where inflationary pressures from energy and materials are being tempered by weak market demand, which remains the dominant force affecting the sector. These projections are critical for the construction industry as they signal a period of gradual recovery following an expected contraction in new work output during 2026.
June 30, 2026Skanska USA Building has named Bryan Northrop as the new executive vice president and general manager of its Advanced Technology operating unit, effective July 1, 2026. Northrop will oversee the company’s semiconductor and data center construction operations across several key U.S. markets, including Oregon, Arizona, Virginia, and California. This leadership transition comes at a time of significant growth in the mission-critical and high-tech manufacturing sectors, driven by federal incentives and increased demand for digital infrastructure. The appointment underscores the construction industry's strategic focus on specialized expertise to manage the technical complexities of large-scale industrial projects.
June 30, 2026The Morris Elementary District 54 School Board has approved a $24,589 contract for HVAC repairs at the Shabbona building as part of a broader summer facility improvement initiative. This decision addresses critical mechanical issues and is funded through the district's capital reserves to ensure operational stability before the upcoming school year. The progress reflects a busy season for local contractors and maintenance teams tasked with upgrading essential infrastructure, including flooring, roofing, and climate control systems.
June 30, 2026Construction has officially commenced on City Centre 5, a 23-storey tower that marks the first purpose-built student housing development in Surrey, British Columbia. Developed through a partnership between Lark Group, ICT Group, and Western Community College, the 182,000-square-foot project will provide 810 beds to support the region's growing academic population. This development is a critical component of the 11-phase Health and Technology District master plan, reflecting a strategic shift from office space to high-density residential use to address local housing demand.
June 30, 2026