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Newbanks Blog

November 26, 2024

Construction input costs stabilize as contractors eye relief

After months of fluctuation, construction input costs showed signs of stabilizing, bringing a bit of relief to the industry. Material prices sit almost a full...

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November 19, 2024

How Do Lean Construction and Integrated Project Delivery Improve Project Outcomes?

Curious about how Lean Construction and Integrated Project Delivery (IPD) can enhance your project results? These strategies focus on improving collaboration, reducing waste, and delivering...

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November 14, 2024

Construction Input Prices Down 0.9%

Input prices fell 0.9% in September, giving contractors some relief amid rising project costs. Want to know which materials saw the biggest drops and how...

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November 6, 2024

Construction input prices tick down on lower energy costs

Construction input prices have ticked down, driven by a decrease in energy costs. Read on to learn how this shift could affect your upcoming projects....

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October 23, 2024

Keeping Projects on Track with Monthly Project Monitoring

Consistent project monitoring is crucial for staying on schedule and within budget. At Newbanks, we understand the importance of regular oversight and provide monthly project...

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October 18, 2024

Comprehensive Construction Consulting Services

Newbanks offers a wide range of consulting services tailored to meet the diverse needs of the construction industry. Our expertise ensures accuracy, compliance, and project...

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October 10, 2024

The Legacy and Expertise of Newbanks

Founded in 1961 by Robert Newbanks in Atlanta, Georgia, Newbanks has firmly established itself as a leader in construction consulting. Over the past 60 years,...

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October 8, 2024

Great Expectations: Is Your 2024 What You Thought It Would Be?

As we dive into Q4 of 2024, it's time to reflect—has the construction industry met your expectations? This year has presented unique challenges and opportunities....

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October 3, 2024

Construction’s manufacturing boom: Mapping the biggest facilities underway in the US

The U.S. is experiencing a massive surge in manufacturing construction projects, with more growth on the way! From tech to clean energy, key sectors are...

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September 27, 2024

Reducing Construction Risks by 70% with Effective Daily Reporting

? Reduce project risks by up to 70% with effective daily reporting! Discover how implementing a solid daily reporting system can enhance risk management, improve...

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September 17, 2024

Rising energy costs drive up construction inputs

Rising energy costs are impacting construction inputs, adding new challenges to an already complex industry. Understanding these shifts is crucial for staying ahead in project...

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September 12, 2024

Construction inspections: Best practices to avoid rework and deliver your projects on time

Elevate your construction project with these top inspection best practices! Ensuring quality and safety on-site is crucial. This guide from Fieldwire breaks down the essential...

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September 3, 2024

Top Three Trends That Will Continue to Impact Construction Through 2024

Stay ahead of the curve with the latest insights into the construction world. From cutting-edge technology to sustainability advancements, these trends are set to drive...

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July 23, 2024

What is the Assessed Value of a Property?

Ever wonder what "assessed value" means in real estate? This informative article from Fortune Builders explains the concept, breaking down how it impacts property taxes...

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July 19, 2024

4 Key Areas or Optimal Cash Flow Management

Managing cash flow effectively is crucial for the success of any construction business. Check out this insightful article from Construction Business Owner, highlighting four key...

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July 14, 2024

Shaping Construction Consulting for Over Six Decades

Since its founding in 1961, Newbanks, Inc. has emerged as a trusted name in construction consulting, proudly serving prominent lending institutions across the nation. Based...

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July 10, 2024

Money Talks: An Exclusive Roundtable on Construction Finance

Navigating the complexities of construction financing? This insightful article from Construction Executive breaks down the essentials you need to know. From funding strategies to financial...

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July 5, 2024

Top Challenges in Construction Management and How to Overcome Them

Construction management is a complex field that requires meticulous planning, coordination, and execution. With over 63 years of experience in the industry, we've identified some...

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July 2, 2024

Construction’s manufacturing boom: Mapping the biggest facilities underway in the US

Curious about where the construction industry is booming? Check out this interactive map from Construction Dive! ? It highlights key locations across the U.S. experiencing...

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June 20, 2024

How Newbanks Helps Clients Navigate Regulatory Changes

At Newbanks, Inc., we understand that regulatory compliance is critical to successful construction management. Here’s how we support our clients in navigating these changes. Expert...

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June 13, 2024

Data centers boom again, boost construction planning

According to the Dodge Construction Network, a flood of megaprojects entered the planning queue, reversing a two-month streak of contraction. Check out this latest article...

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June 11, 2024

Navigating Construction Costs

Estimating construction costs is critical to any project, requiring careful planning, analysis, and expertise to ensure accuracy and reliability. At Newbanks Inc., we understand the...

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June 6, 2024

Elevating Construction Standards: Newbanks’ Diverse Expertise

At Newbanks, we're not just a construction consulting company but a steadfast partner in realizing your visions across various industries. From the intricate architecture of...

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June 5, 2024

Taking Control of Quality Control

Dodge Construction Network forecasts $112 billion in project starts, with demand soaring for new facilities and infrastructure updates. However, the industry's 30% rework rate costs...

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June 3, 2024

5 Ways to Enhance Construction Quality Management

Ensuring high-quality construction is essential for the success and longevity of any project. Effective quality management practices enhance the overall durability and performance of a...

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June 3, 2024

Newbanks’ Specialty Services

Embarking on a construction project is to set sail into unknown waters. Every venture presents its own unique challenges, demanding careful navigation and strategic planning....

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May 31, 2024

Mitigating Construction Risks

Construction ventures inherently harbor many uncertainties that can significantly influence project timelines, financial allocations, and ultimate triumph. A strategic and preemptive approach is paramount to...

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May 29, 2024

14 Steps to Understanding the Construction Process

Embarking on a construction project can be exciting yet daunting. Whether you're planning to build a new home, renovate an existing property, or undertake a...

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May 28, 2024

How Artificial Intelligence is Making Every Step of Preconstruction Easier

Dive into the game-changing role of Artificial Intelligence in preconstruction. Discover how AI is streamlining every step of the process, making it easier than ever...

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May 28, 2024

How Artificial Intelligence is Making Every Step of Preconstruction Easier

Dive into the game-changing role of Artificial Intelligence in preconstruction. Discover how AI is streamlining every step of the process, making it easier than ever...

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May 23, 2024

Construction Consulting: A Comprehensive Guide

Construction projects are complex endeavors that require meticulous planning, precise execution, and strategic oversight to ensure success. In the midst of this complexity, construction consulting...

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May 21, 2024

8 Essential Steps for Effective Project Cost Estimation and Budgeting

Winning bids isn't the whole story of construction success. Estimating project costs accurately is just as crucial. Learn how to avoid costly miscalculations with our...

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May 16, 2024

Strategic Cost Estimation for Contractors in 2024

Navigating the construction industry in 2024? Dive into this article to uncover the complexities, challenges, and strategies behind precise cost estimation. Learn how it shapes...

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May 8, 2024

Importance of Scheduling in Construction Projects

Elevate your construction project to success with meticulous scheduling! Ensure timely completion, optimize resource allocation, and minimize downtime. Identify critical paths, manage dependencies, and mitigate...

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May 1, 2024

Adapting to Change: How Construction Consulting Responds to Industry Trends

In the dynamic landscape of the construction industry, change is the only constant. Construction projects are growing rapidly due to technological advancements in materials and...

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April 29, 2024

Newbanks’ Specialty Services

At Newbanks, Inc., we understand that every construction project is unique and presents its own set of challenges. Our specialty services go beyond the basics,...

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April 27, 2024

Newbanks’ 63 Years of Expertise in Underwriting Support

For over six decades, the Newbanks team has been at the forefront, specializing in meticulously reviewing diverse construction projects and existing properties. Our expertise extends...

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April 24, 2024

The Essentials of Document and Cost Review

In the complex realm of construction financing, this blog explores the crucial role of Newbanks as a reliable guide throughout the project lifecycle. Illuminating the...

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April 22, 2024

A Comprehensive Guide to Property Condition Assessments by Newbanks

Step into the realm of Newbanks, where our dedication to informed decision-making and strategic planning permeates every corner of the real estate domain. Delving into...

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April 15, 2024

Lender Representation Services by Newbanks

Take a look into the domain of construction financing and explore the role of Newbanks as a seasoned navigator throughout the entire project journey. Specifically,...

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April 9, 2024

Newbanks’ Cost to Complete Analysis

In the world of construction, where budgets are tight and financial foresight is essential, this forward-looking strategy is a beacon of precision and efficiency. Join...

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April 5, 2024

Your Partner Across Industries

From the backbone of data centers to the allure of hotels and resorts, from the functionality of industrial facilities to the productivity of office spaces,...

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April 3, 2024

The Power of Newbanks’ Monthly Project Monitoring

Welcome to the fast-paced construction world, where tight timelines and precision are essential. In this blog post, we take you behind the scenes to explore...

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March 29, 2024

The Crucial Role of Construction Project Management

In the ever-evolving landscape of construction, where precision and adherence to deadlines are paramount, the orchestration of projects through construction project management becomes the linchpin...

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March 23, 2024

Construction Permitting Process: Insights from Newbanks Construction Experts

Embarking on a construction project can be exciting, but navigating the permitting process can often feel like navigating uncharted waters. Construction permits are a critical...

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March 20, 2024

Input Prices rise after 3 Months of Decline

Construction input prices ticked back up 1% in January, largely due to increases in energy costs, according to a new Associated Builders and Contractors’ analysis...

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March 20, 2024

Mitigating Risks in Construction: A Comprehensive Guide by Newbanks, Inc.

By their very nature, construction projects have many challenges and uncertainties that can significantly impact timelines, budgets, and overall success. Navigating these risks requires a...

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March 15, 2024

The Importance of Construction Project Management

In the dynamic realm of construction, where timelines and deadlines reign supreme, the role of project management stands, ensuring successful and timely project completion. Construction...

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March 13, 2024

Emphasis on Infrastructure Creates New Opportunities, New Risks for Construction Professionals

Emphasis on Infrastructure Creates New Opportunities, New Risks for Construction Professionals. Dive into the latest insights on the evolving infrastructure landscape for construction professionals. Link

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March 10, 2024

Transformative Construction Consulting for Over Six Decades

For a remarkable span of more than 60 years, Newbanks, Inc. has been a vanguard in the field of Construction Consulting, providing indispensable services to...

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March 7, 2024

The Evolution of the Supply Chain

Diving into the Future: The Evolution of the Supply Chain! Check out this insightful blog that explores the dynamic changes shaping the supply chain landscape....

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March 4, 2024

Construction Consultation Excellence

Starting in 1961, Newbanks, Inc. has led the way in transforming construction consulting services for over sixty years. Rooted in Atlanta, our journey dives deep...

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February 28, 2024

Construction Starts Jump 20%

Construction Starts Jumps 20%! ?Dodge the challenges and seize opportunities. Check out the full article. Link

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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

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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...

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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

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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...

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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...

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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....

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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,...

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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....

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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...

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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...

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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

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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...

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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...

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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...

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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...

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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...

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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...

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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. ?...

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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

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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...

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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

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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...

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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...

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October 4, 2023

Eyes on the Prize

Struggling with rising construction costs? Keep your eye on the prize. Check out these strategies: Link

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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...

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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...

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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...

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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...

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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...

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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...

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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

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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...

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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...

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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,...

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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...

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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...

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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

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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

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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...

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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...

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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...

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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,...

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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

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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?...

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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

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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...

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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...

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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...

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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  

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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.  ...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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.

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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

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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...

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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

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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...

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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...

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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...

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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

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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