Inside the Mixed Reality of Costar’s $1.6 Billion Acquisition of Proptech Startup Matterport
Last week, online listing real estate giant Costar announced an acquisition of publicly traded real estate immersive visualization tech firm Matterport in a deal carrying a $1.6 billion enterprise valuation. At first look, the move represents a much needed shot in the arm for the proptech sector, which has struggled […]
New Tools Round-up: Companies Commit to Expanding Their Next-Generation Offerings in 2024
Multiple top construction tool suppliers have introduced new tools and technologies to the market since the beginning of 2024. We have observed various improvements in electric, battery-powered and cordless tools, as well as tools that promote safer work environments. Below is a list of some of the latest innovations in […]
The Case for Construction Robotics
This article was submitted as part of BuiltWorlds’ Verified Contributor Program. Recent advancements in robotics, paired with the tailwinds of a worsening skilled labor shortage, are steadily driving interest and acceptance in integrating robots into construction sites. Many on the frontlines, ourselves included, are finally witnessing the impact of robots […]
Modular Roundup: The State of Offsite Construction in the Built World
The Role of Alternative Construction Methods in the AEC Industry Offsite construction, encompassing both modular and prefabrication methods, has gained considerable interest in the construction industry in recent years. Despite not being a novel idea, this innovative approach involves assembling building components offsite in controlled factory conditions before transporting them […]
Decarbonizing Buildings with Retrofit: Understanding the Economic Ecosystem and Adoption Barriers
This article excerpt was submitted as part of BuiltWorlds’ Verified Contributor Program. Nearly 40% of global greenhouse gas emissions come from buildings, thus reducing the carbon footprint of buildings is crucial for a sustainable future. We are currently at a pivotal moment in this effort, with increased alignment between government, […]
Construction’s Poor Productivity Costs U.S. Economy $2.8 Trillion Each Year, According to University of Chicago Economist
At last week’s BuiltWorlds CEO Forum Meeting, University of Chicago economist and co-author of a recent report on productivity in construction Chad Syverson sparked heated debate when he suggested that the gap between productivity growth in the broader U.S. economy as compared to the lag in construction industry productivity over […]
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