February 28, 2024
Construction Starts Jump 20%
Construction Starts Jumps 20%! 📊Dodge the challenges and seize opportunities. Check out the full article. Link
February 22, 2024
Strategic Resource Management In Construction Project Management
Explore the Art of Strategic Resource Management in Construction. 🌐 Learn key insights and tactics to optimize resources for project success. Read on here: Link
February 18, 2024
Top Trends Shaping the Construction Industry in 2024
In the fast-evolving landscape of the construction industry, staying ahead of the curve is not just an advantage; it's a necessity. This year, the construction...
February 13, 2024
Construction material prices continue to normalize despite ongoing challenges
Despite ongoing challenges, the industry is seeing normalization. 🔄 Stay ahead with key trends and analysis. Link
February 12, 2024
Elevating Construction Consulting: Newbanks, Inc. Unveiled
Since our establishment in Atlanta in 1961, Newbanks, Inc. has firmly positioned itself as one of the most trusted providers of construction consulting services, catering...
February 6, 2024
5 Trends Expected to Drive E&C Industry Growth in 2024
Check out this insightful article on the 5 Trends Expected to Drive E&C Industry Growth in 2024. 🌐 Stay ahead of the game and learn...
February 5, 2024
Trusted Construction Consulting Services from Newbanks, Inc: An Overview
Since our inception in 1961, Newbanks, Incorporated has been a stalwart in delivering top-tier construction consulting services to leading financial entities across the United States....
January 31, 2024
Construction Oversight: Insights from Newbanks, Inc.
As Newbanks, Inc., a stalwart in construction consulting since our establishment in 1961, we take pride in setting the gold standard for excellence. Our foundation,...
January 26, 2024
2024 FORECAST: Non-building, Manufacturing to Lead the Way
Take a look at the challenges faced by the construction realm: battling inflation, material price volatility, rising labor costs, and the persistent skilled labor shortage....
January 23, 2024
Pioneering Excellence in Construction Consulting Services
At Newbanks, Inc., we proudly carry the torch of being recognized as one of America's most trusted names in construction consulting services. Since our inception...
January 11, 2024
The Importance of Construction Industry In Boosting The Economy
Discover the dynamic impact of the construction industry on our economy – it's more than just bricks and mortar! 🏢 From fueling innovation to creating...
January 3, 2024
Inside contractors’ top concerns in 2023 and into 2024
Discover proactive solutions to keep your projects in 2024 on track despite the storms of 2023! Read the full article here: Link
December 29, 2023
Leading Economists Call for 2% Increase in Building Construction Spending in 2024
Spending is set to soar by 19.7% this year, but experts foresee a return to earth in 2024. Dive into the insights from the July...
December 21, 2023
Bid Better, Build Better
Success in smaller projects may tempt construction companies to bid on bigger fish, but it's not without risks. Before diving into a $100-million project, consider...
December 13, 2023
Quality Assurance vs. Quality Control
Is Quality Control in Construction Stuck in the Past? 🏗️ Let's rethink our approach! Check out this article for fresh ideas on maintaining top-notch quality...
December 5, 2023
Warehouse Surge Drives Construction Planning Higher
Big News in Construction! The warehouse surge is reshaping the landscape, with 21 projects worth $100M+ that entered the planning stage in October, including a...
November 28, 2023
The Role of Code Officials in the Design-Build Process
Building codes are an integral part of the design-build process, but what role do building code professionals play throughout that process? Read on to learn...
November 20, 2023
The 3 P’s of Project Management
Digging further into the three P’s of project management can help all parties improve their processes and outcomes. Read on to learn more about the...
November 16, 2023
Off the Books—and Back On
The world of financial accounting is evolving fast, with recent shifts in lease accounting standards (from ASC 840 to ASC 842) reshaping the industry. 🌟...
November 8, 2023
Manufacturing Continues to Drive Construction Spending
An uptick in megaproject funding drove overall nonresidential outlays higher for the third consecutive month, according to U.S. Census Bureau data. Link
October 24, 2023
Modera McGavock: A New Standard in Urban Living In Nashville, Tennessee
Take a look at our latest project in Nashville. Modera McGavock, will have you experience Nashville in a whole new way with their exceptional apartments...
October 20, 2023
Streamlining processes and maximizing efficiency in project management
Explore the benefits of cloud computing for document management and cybersecurity, as well as automation, to free up resources from repetitive tasks. Link
October 12, 2023
Shared outcomes: How preconstruction impacts projects from start to finish
Discover how preconstruction is evolving, from blurring the lines between project phases to extending collaboration into building operations and facility management. This series sheds light...
October 10, 2023
Is Now the Right Time to Invest in Commercial Real Estate
Exciting update on the real estate market! 🏠 Take a look at this quick 15-minute video as that dives into financial news and its impact...
October 4, 2023
Eyes on the Prize
Struggling with rising construction costs? Keep your eye on the prize. Check out these strategies: Link
September 29, 2023
Though improving supply chains have helped ease the pace of increases, labor rates pressure contractors. Read on to learn more about Turner’s cost index continues to rise.
Though improving supply chains have helped ease the pace of increases, labor rates pressure contractors. Read on to learn more about Turner’s cost index continues...
September 19, 2023
What’s the difference between RFIs, Submittals and Specifications?
The construction RFI is a formal written process in which parties, such as the contractor and designer, clarify information gaps in construction documents. Learn more...
September 14, 2023
Real Estate Cycle: Understanding the Four Phases
Real estate cycles are highly nuanced. However, the great news is that it’s possible to realize success as an investor no matter what phase of...
September 5, 2023
Designing the Suburbs of the Future
The suburban landscape is undergoing a significant transformation, offering a plethora of opportunities for developers nationwide. This revival is driven by the shift in population...
August 29, 2023
China Restricts Exports of Two Minerals Used in High-Performance Chips
Due to Electrical switchgear and meter bank shortages as well as fiber cement siding, we have experienced month-long delays in projects. Make sure to be...
August 24, 2023
What Hinders Office Space Conversions?
Architects, builders, owners and managers elaborate on a wide variety of barriers in the latest U.S. Chamber of Commerce survey. Take a look at what...
August 15, 2023
Making the Construction Industry Accessible for All
How can your construction company be accessible to everybody? Here are the top challenges to overcome and how to take steps toward inclusion. Link
August 10, 2023
How To Conduct Due Diligence on an Industrial Property
For many industrial investors, the sector can initially seem intimidating. Unlike multifamily, retail and office properties — which most investors have encountered as a user...
August 2, 2023
Construction Expert Predicts Flat Material Prices for Second Half of Year
Labor shortages, a manufacturing boom, and infrastructure work are keeping the industry from returning to pre-pandemic price levels. Read on to learn more on why...
July 25, 2023
A Guide To Real Estate Financing
Investing in real estate is never a bad idea. It offers potential investors a slew of financial and personal benefits, such as increased cash flow,...
July 17, 2023
What You Need To Know About Special Servicers, The ‘Problem Loan’ Problem-Solvers
The term “special servicing” can send a shiver down the spine of some commercial real estate owners, but many don't have a clear picture of...
July 11, 2023
Forging Stronger Links in the Supply Chain
Experts at NAIOP's annual I.CON East conference offered strategies for addressing continuing challenges. Read on to learn more about Forging Stronger Links in the Supply...
July 5, 2023
May Project Wins: The country’s top contractors report their latest awards
Construction Dive rounds up the newest project wins from some of the country’s biggest builders. Link
June 21, 2023
8 Innovative Approaches to Converting Offices
Farms, Breweries and Multifamily Are Just Some of the New Uses. Check out these 8 Innovative Approaches to Converting Office Spaces. Link
June 20, 2023
Generative AI In The Construction Sector: Taking Building Technology To New Heights
One industry that is in the early stages of the technology adoption cycle is construction – as it is one of the least digitized industries...
June 15, 2023
Blame it on the weather: Granite pegs Q1 loss, revenue dip to extreme storms
A continuing rise in backlog across the industry has caused some industry observers to question whether new construction work is still being generated amid increasing...
June 7, 2023
Today’s Most-Desired Office Amenities
The top amenities currently in demand by companies are a mix of both continuing and emerging trends, including coffee shops, air-purification systems, access to outdoor...
May 30, 2023
Bankruptcies, Bank Failures Haven’t Dented Retail Real Estate’s Recovery Just Yet
Demand for space is fueling rent growth for retail nationally, with Q1's mixed bag of results. Read on to learn more about bankruptcies, bank failures,...
May 23, 2023
The Dotted Line: How to craft contracts to avoid disputes and keep legal fees down
Construction’s litigation claims and costs are among the highest of all industries. Check out these strategies to keep damages in check. Link
May 16, 2023
Office Owners Face Financing Dilemma
The pressures of rising interest rates and declining property values are making it a tall order for owners to get loans. What are the options?...
May 10, 2023
Recession watch: Why the next one will be different
A recession in 2023 will have its own unique markers this time around compared to past economic downturns. Read on to find out more. Link
April 30, 2023
Slowing Rent Growth, Shrinking Profits Show Multifamily REITs Coming Back To Earth
Historic levels of apartment construction and weaker renter demand have brought multifamily landlords’ financial performance more in line with historical levels, coming down from the...
April 28, 2023
How Much Will Investors, Lenders Reduce Activity?
As uncertainty decreases later this year, two sectors will stay in the spotlight, according to CBRE’s latest survey. Take a look at this newest blog...
April 18, 2023
Ultimate Private Lending Guide: How To Get Started
Private money lending represents a lucrative opportunity for investors. Whether you’re brand new to investing, have closed a few deals, or are a seasoned investor—read...
April 13, 2023
Is the Distress Here Yet?
Conditions are rising that should cause a lot of CRE distress. How will it all shake out? Read on to learn more. Link
April 5, 2023
Is Commercial Real Estate Really In A Recession? Kind Of, Economists Say
When it comes to economic growth or deceleration, commercial real estate has historically been a lagging indicator, taking longer to slow than other parts of...
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...