March 14, 2023
Consider the Construction Equipment Financing Options Available
There are contractors and rental companies needing to upgrade their fleets with either new or late-model used equipment. Read on to learn more about financing...
March 9, 2023
How Field Data Analysis Can Improve Bids, Estimates
Collecting detailed field data helps identify pain points and inefficiencies. Project managers can use consistent, timely field reports to draft accurate bids, plan precise project...
March 1, 2023
Falling Into Place: 2023 Construction Outlook
Sometimes it feels like the construction industry is a moving puzzle. In 2023, you might not have control of the issues affecting you, but you...
February 25, 2023
2023 construction outlook roundup: Proceed with caution
As the specter of a recession continues to loom despite higher interest rates, contractors are preparing for a downturn while staying optimistic, thanks to above-average...
February 22, 2023
Why 3D printing is still flat in commercial construction
3D printing has hurdles, but they’re not what you may think. Check out this latest article about why 3D printing is still flat in commercial...
February 15, 2023
Technology Is the Key to Overcoming Labor Hurdles
To supplement this labor gap, construction firms must make strategic technology investments that reduce jobsite and administrative inefficiencies. The right technologies can offset labor challenges...
February 9, 2023
How Automation Can Streamline Your Workflow
Making software valuable to customers is done by learning how they need their business to interface with the software, and how their customers interface with...
February 3, 2023
Ten Profit Enhancement Strategies to Boost the Bottom Line
Contractors have made money over the past several years. Demand for construction was high, interest rates were low and consumers had money to invest. Even...
December 29, 2022
More Efficient Payments Today Lead to More Efficient Supply Chains Tomorrow
As technology advances and we reach a tipping point where the majority of business payments are digital, it opens up all kinds of possibilities to...
December 26, 2022
5 charts that hint at what’s in store for construction in 2023
The big question on construction leaders’ minds is “what’s in store for 2023?” Top construction economists say much like in 2022, signals are mixed. ...
December 19, 2022
Building Construction to Continue Strong Through 2023, AIA Forecasts
Construction spending on buildings is projected to increase just over 9 percent this year and another 6 percent in 2023, according to the mid-year update...
December 7, 2022
4 Challenges Currently Facing Construction Leaders
“Working in the facade maintenance and construction industry is one of the best decisions I have made and is something I have greatly enjoyed over...
December 2, 2022
Construction Planning Numbers Leap in October Despite Recession Fears
The Dodge Momentum Index, a benchmark that measures nonresidential building planning, increased 9.6% in October, driven by an uptick in office and hotel projects, according...
November 22, 2022
How Using Technology Can Help Improve and Protect Your Margins
Construction companies often operate on thin margins in the first place, so any cost overruns over the course of a project are acutely felt. These...
November 17, 2022
Increase Project Success With Construction Profit Forecasting
There’s no crystal ball to accurately predict what the future holds, but when it comes to a contractor’s financial health, knowledge today can mean power...
November 9, 2022
The Construction Renaissance Is Upon Us
“The construction renaissance is upon us,” said Morkos. “With the rise of the ‘contech’ segments, companies are getting better at sharing digital information. Customers demand...
November 1, 2022
Construction planning numbers jump despite recession fears
The Dodge Momentum Index, a benchmark that measures nonresidential building planning, landed less than 5% below an all-time high, according to its September update. Read...
October 26, 2022
Construction Planning Numbers Fall
In July, the index reached a 14-year high, and August’s reading just more than a percentage point below that apex can still be interpreted as...
October 20, 2022
Five Construction Payment Issues—and Solutions
Like everything in construction, payment issues can be prevented and mitigated by doing a little advance planning. If a construction business owner notices there are...
October 11, 2022
100+ Construction Industry Statistics
Data not only allows for more visibility into the state of a particular project, but relevant industry statistics and facts can provide valuable information needed...
October 5, 2022
Construction Input Prices Fall for Second Straight Month
The costs for building a commercial project declined 1.4% in August. Providing more evidence that construction material costs peaked in June and supporting newfound optimism...
August 26, 2022
Women See a Bright Future in Construction: 2022 Survey
The voices of women in construction are stronger than ever — and growing. While the building industry is traditionally viewed as a male-dominated field and...
August 16, 2022
4 Positive Impacts Asset Management and Maintenance Have On Your Construction Business
Preventive monitoring and maintenance is crucial to improving the equipment life and eventually sparing you time and cash. While you may assume that paying for...
August 11, 2022
Safehold Unlocking Value with New Generation of Ground Leases
Over the past few decades, real estate finance and investment markets have become much more efficient – except in one big area. In an investment...
August 3, 2022
Five Ways Companies Can Use Innovative Technology to Improve Spend Impact
There are many benefits for contractors to become early adopters of cutting-edge procurement technology. Read on to learn more.
July 26, 2022
How to Keep Track of Construction Business Expenses
Not properly tracking construction expenses—or failing to track them at all—can lead to everything from late materials deliveries to bankruptcy. As contractors focus on what...
July 21, 2022
Out of the Black Surviving Black Swan Events
While the industry has persevered through what should be the worst of these effects, many contractors and project owners are now wondering: How can we...
July 20, 2022
Early-stage procurement: The next evolution of the construction supply chain
Austin Commercial’s Jason Earnhardt explains why supply chain issues for the construction industry are not going to go away and how developers and owners can...
July 6, 2022
Rise of the machines? For construction, not yet
The construction industry stands on the brink of a robot revolution, but issues like impact on jobs, added costs and specialized training have kept many...
June 22, 2022
How Safehold Reinvented the Group Lease to Add Value for Building Owners
Jay Sugarman had spent more than 20 years using sale-leasebacks to provide more efficient capital to corporations when he realized he could do the same...
June 1, 2022
Lumber Prices Slump With Rising Interest Rates
Lumber prices have come crashing down in a new sign of how rising interest rates are deflating markets that boomed during the pandemic. Read on...
May 23, 2022
New Girl Scout patch aims to introduce youngsters to careers in construction
What a great endeavor and partnership! The Girl Scouts and the National Association of Homebuilders are teaming up to create a new patch and charm...
May 20, 2022
Three Strategies to Survive Fluctuating Lumber Prices
It’s a different world for contractors now, then when they first entered this industry. Leading contractors are adopting strategies to maintain their competitive advantage, create...
May 11, 2022
Construction Quality Management 101
The secret to achieving the highest level of quality for any job starts with having standards, and construction is no different. We’ll take a deep...
May 3, 2022
Five Causes of Construction Rework and How to Avoid Them
Rework is a word no one wants to hear on a construction project. It typically means some portion of work has to be redone to...
April 26, 2022
Using Connected Devices to Lower the Cost of Risk
IoT devices don't just benefit personal and professional lives. Learn how it can reduce risks and losses and improve productivity and safety. Read More
April 22, 2022
2022 Construction Champions Mentors
Take a look at the women that are not only helping others break into the industry but have long strived to make it a better...
April 15, 2022
4 tips to bring women into construction now
The Building Talent Foundation looks at ways for construction firms to recruit effectively, train, and retain women in construction. Read More
April 13, 2022
These Tech Companies Are Helping To Solve The Construction Worker Labor Shortage
By some estimates, the nation needs 1 million more construction workers, including skilled tradespeople. That unmet need spurs high inflation. Read on to learn more...
April 5, 2022
How decommissioned cruise ships could be given a new lease of life as affordable housing for Miami residents
Could you live on a cruise ship? Take a look at this recent article by Business Insider, where they explore decommissioned cruise ships that are...
January 20, 2022
Control Construction Site Costs With Project Geofencing
Geofencing is one of the benefits of a telematics platform. The GPS technology enables a company to accurately track and effectively alert administrators when monitored...
January 13, 2022
Job Sight: The 2023 Construction Economic Forecast
As a new year begins, the construction industry will have to contend with a number of challenges. Read on for Construction Executive’s 2023 Forecast. Link
January 4, 2022
New construction technology releases: December 2022
Check out these five recent announcements from software makers and other tech providers about new products or updates to existing products that are designed to...
April 8, 2021
A Year of COVID-19 In Construction
As we reflect on the first year of COVID-19, we recognize its impact on construction firms in the United States. Construction Dive released an article...
February 6, 2020
Top Trends and Challenges in the Senior Living Industry
Moving into a new decade presents the opportunity for various industries to take stock in past achievements, and assess what worked and what failed. In...
January 21, 2020
Why Newbanks’ Approach to Property Condition Assessments is Unmatched
If you visit our website or speak to any of our staff, you’re aware that Newbanks has been around since 1961. It’s one of our...
December 10, 2019
An Overview of Our Approach to Project Monitoring
Newbanks takes pride in its dedicated approach to project monitoring. That dedication made Newbanks a leading name in construction project monitoring since its founding in the...
July 16, 2019
Whatever Your Construction Project, We Can Help
As a leader in construction consulting, we offer a comprehensive range of services for our clients. Broken down, these services focus on three categories: Due...
June 3, 2019
Newbanks, Your Leader in Construction Consulting Since 1961
At Newbanks, we understand construction consulting: it’s what we’ve done since 1961. For over 60 years, we’ve been a leader in our industry, creating close-knit...