Building & Construction - Business Research Insights

The U.S. Navy Quit #Building a 'Bomber' #AircraftCarrier After 5 Days The USS United States (CVA-58) was planned as a revolutionary supercarrier following World War II, designed to launch heavy bombers armed with nuclear weapons. It featured a 65,000-ton flush deck without an island to accommodate larger aircraft. What You Need to Know: The USS United States (CVA-58) was planned as a revolutionary supercarrier following World War II, designed to launch heavy bombers armed with nuclear weapons. It featured a 65,000-ton flush deck without an island to accommodate larger aircraft. -However, the ambitious design presented numerous logistical issues, including radar placement and the management of smoke from the ship’s boilers. Ultimately, the program was canceled just five days after its keel was laid in 1949, largely due to opposition from the U.S. Air Force and budget concerns. -The cancellation led to the later development of more practical supercarriers like the Forrestal-class. Source:- https://lnkd.in/gtuCJHmA #latestnews #latestarticle #trendingnews #trend #topnews #todaysnews

Investment in building construction declines in July According to the latest from Statistics #Canada, month-over-month investment in #BuildingConstruction across Canada decreased 1.7% to $20.9 billion in July, following increases reported in both May (+0.7%) and June (+2.7%). However, overall investment in #building #construction year-over-year showed an increase of 7% in July. The month-over-month trend for both the residential (-2.2% to $14.6 billion) and non-residential (-0.4% to $6.3 billion) sectors showed declines in July. Overall, single-family home investment decreased 2.2% (-$148.9 million) with 11 provinces and territories posting declines. Saskatchewan (+$6.4 million) and Nunavut (+$1.2 million) were the only regions to record increases. Investment in multi-unit construction also decreased 2.2% (-$181.1 million) largely driven by Quebec which had experienced strong growth in May and June. Gains in multi-unit residential in Ontario (+$105.6 million) offset some of the decrease in Quebec. In non-residential construction, the industrial component decreased 2.1% in July, marking its fourth consecutive monthly decline. Alberta was the only province to record an increase. Investment in the commercial construction edged down 0.4% with declines were posted in five provinces and two territories, led by Quebec (-$9.6 million) and Alberta (-$4.8 million). These declines were moderated by increases in six provinces and territories, driven by British Columbia (+$6 million). Only the institutional component (+0.8%) recorded an overall increase in July. Source:- https://lnkd.in/dX-6Q2Xv #latestnews #latestarticle #trendingnews #trend #topnews #todaysnews

High Court halts work on commercial building in ‘residential area’ The Punjab and Haryana High Court has ordered to stop the construction of a high-rise commercial building in the city’s Model Town ‘residential area’. The Bench also directed the MC Commissioner, Ludhiana, to appear before the court on the next date of hearing through videoconferencing to explain the “casual attitude displayed in filing pleadings”. “Since apparently from the perusal of photographs, it seems that the construction is being carried out at a breakneck speed, we deem it fit that the same be stopped. The #MunicipalCorporation, Ludhiana, and the Commissioner of Police, Ludhiana, shall ensure that no construction activity is carried out on the road in question…,” the Bench of Justice GS Sandhawalia and Justice Meenakshi I Mehta asserted. The Bench was hearing a petition against the state and other respondents by Rajinder Singh through advocate Charanpal Singh Bagri and Gurjit Kaur Bagri. The court observed that the dispute was regarding the construction of a commercial building on a site in Model Town, #Ludhiana, which apparently was a residential area. Source:- https://lnkd.in/dS4rM6Jp #latestnews #latestarticle #trendingnews #trend #topnews #todaysnews

The Latest Builder Trend: Smaller, Less Expensive Homes Even though affordability is improving, buying a home can still feel tough right now. But here’s some good news: builders are focusing their efforts on building smaller homes, and they’re offering key incentives to buyers. And both of these things can be a big help if you’re worried about finding a home that’s right for your budget. #Builders Are #Building Smaller Homes During the pandemic, #homebuyers were looking for larger homes—and many could afford them. Builders responded to that demand and created bigger spaces to help people with things like working from home, setting up home gyms, and having extra rooms for virtual school. Now, with affordability as tight as it is, builders are turning their focus to smaller single-family homes. Data from the Census shows how significant this trend toward smaller new homes has been over the last couple of years. Source:- https://lnkd.in/dXaz9Hmh #latestnews #latestarticle #trendingnews #trend #topnews #todaysnews

𝐓𝐰𝐨 𝐤𝐢𝐥𝐥𝐞𝐝, 𝐨𝐧𝐞 𝐢𝐧𝐣𝐮𝐫𝐞𝐝 𝐚𝐟𝐭𝐞𝐫 𝐰𝐚𝐥𝐥 𝐨𝐟 𝐮𝐧𝐝𝐞𝐫 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐛𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐜𝐨𝐥𝐥𝐚𝐩𝐬𝐞𝐬 𝐢𝐧 𝐌𝐮𝐦𝐛𝐚𝐢 A wall collapse in Mumbai's Kalbadevi Chira Bazaar area claimed the lives of two workers and injured one more on Monday evening. The incident occurred at around 5:20 PM when a 30-foot-long compound wall, approximately 5 to 7 feet high, suddenly gave way in the passage between two structures at the Gandhi building. 𝐀𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐢𝐧𝐜𝐢𝐝𝐞𝐧𝐭 The collapse trapped few workers who were working nearby, leading to a swift response by the authorities. The rescue teams arrived on the scene shortly after the incident and began a search operation to ensure no one remained trapped under the debris. 𝐒𝐨𝐮𝐫𝐜𝐞:- https://lnkd.in/e5shaPgN #latestnews #latestarticle