The hottest Construction Substack posts right now

And their main takeaways
Top Culture Topics
Construction Physics 22131 implied HN points 04 Mar 24
  1. Airports are crucial for global economy, with aviation contributing significantly to GDP.
  2. Building airports is notoriously difficult due to opposition from various interest groups, particularly related to noise concerns.
  3. Despite challenges in airport construction, the aviation industry has managed to adapt and accommodate increased air travel by adding runways, expanding infrastructure, and increasing passenger capacity per plane.
Construction Physics 13153 implied HN points 13 Mar 24
  1. Mass timber construction is advantageous for tall buildings due to its fire resistance and carbon sequestration, but it may not significantly increase housing construction volume in the US compared to traditional methods.
  2. While mass timber is praised for its safety and environmental benefits, it faces challenges such as higher initial costs and more complex processing steps, making it less competitive than light-framed wood construction in the US.
  3. Canada's experience with mass timber, despite a supportive ecosystem, shows that residential mass timber construction may not see a significant uptick in the US housing market even with continued growth and cost reduction.
The Overshoot 1316 implied HN points 20 Jan 24
  1. Despite high mortgage rates, construction and renovation spending in the US housing market have been holding steady or accelerating.
  2. Housing sales and construction are greatly impacted by changes in monetary policy and credit availability.
  3. The rebound in house prices and construction reflects the broader growth and asset price acceleration in the US economy post-pandemic.
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Construction Physics 10021 implied HN points 18 Feb 23
  1. Construction industry productivity issues may be due to organized special interests influencing the process with complex regulations and stakeholder approvals.
  2. Regulations have increased costs in construction through additional input requirements and negotiation delays.
  3. Increased regulation in the construction industry might not be causing productivity stagnation more than in other sectors, but it is a significant factor to consider.
Erdmann Housing Tracker 252 implied HN points 23 Feb 24
  1. Minneapolis experienced a drop in rents in 2021 and 2022 but the correlation between housing construction and rent trends isn't conclusive. It's important to assess data carefully before drawing conclusions.
  2. Auckland, New Zealand, has visible rent decreases due to effective supply-side reforms, contrasting with Minneapolis where the impact of such reforms is less clear.
  3. The correlation between income, new home construction, and rent inflation post-Great Recession reveals unusual patterns, possibly influenced by mortgage suppression policies, highlighting the need for comprehensive data analysis.
Gordian Knot News 190 implied HN points 01 Mar 24
  1. In industries like shipping and nuclear power, there is a tendency to blame the crew or contractors for mistakes rather than holding the owners or regulatory systems accountable.
  2. There is a disparity in performance between building coal plants and nuclear plants, with the nuclear contractor performance often not meeting expectations.
  3. The main difference in performance is attributed to the regulatory system rather than any lack of special technical skills in building nuclear plants.
Erdmann Housing Tracker 105 implied HN points 14 Mar 24
  1. The mortgage crackdown post-2008 led to a housing shortage, impacting construction of single-family homes in different cities.
  2. There is a correlation between the drop in construction activity after 2008 and metro area incomes, where lower income areas experienced a greater decline.
  3. Trends suggest housing constraints may lead to higher incomes, impacting new single-family home construction and mortgage lending standards across different cities.
Erdmann Housing Tracker 105 implied HN points 28 Feb 24
  1. The divergence between the average price of new homes and existing homes signals obstructed supply in the housing market.
  2. Changes in mortgage rates and market conditions can influence the size and types of new homes being built and sold.
  3. Reforms allowing for more new homes to be built could lower costs and reduce the price of existing homes.
Apricitas Economics 63 implied HN points 11 Mar 24
  1. Mexico is experiencing a significant investment boom driven by major public works projects and supply-chain nearshoring.
  2. The construction boom in Mexico, particularly in southern states, has been fueled by massive public works projects like the Tren Maya and Dos Bocas refinery.
  3. Mexico's export manufacturing sector is growing, with a focus on genuine manufacturing growth in industries like computer, appliance, and motor vehicle production.
BowTiedMara - Geoarbitrage & Mobility Assets 157 implied HN points 01 Feb 24
  1. Average prices for apartments in Buenos Aires vary by neighborhood, with popular areas like Palermo and Recoleta having higher prices.
  2. Neighborhoods in the northern corridor of the city have average prices around $3,000/m2, while other areas like Villa Crespo offer good value below Palermo pricing.
  3. Investing in new developments in Buenos Aires' real estate market can be more attractive due to lower construction costs despite a devaluation in the currency.
The Sunday Morning Post 58 implied HN points 11 Feb 24
  1. The housing crisis has worsened in recent years due to factors like increased rents and higher home prices, impacting policymakers and individuals alike.
  2. The root of the housing crunch dates back to the Great Recession in 2007, leading to a significant drop in new home construction that never fully recovered.
  3. To ease the housing crunch, there is a need for an increase in the construction of various types of housing units, which has already shown some promise in the rental market.
CalculatedRisk Newsletter 105 implied HN points 17 Nov 23
  1. Housing starts increased to 1.372 million annual rate in October.
  2. Single-family starts bounced back, while multi-family housing faced weakness in late 2022 and early 2023.
  3. Total housing starts in October were above expectations, with year-to-date starts down compared to last year.
Business Breakdowns 294 implied HN points 27 Jun 23
  1. Procore is a leading software provider for the construction industry, offering a streamlined dashboard for developers, contractors, and architects.
  2. Procore's unique revenue model charges based on the number of modules used and total construction volume flowing through the customer's business.
  3. The company's strong market position, brand value, and low gross churn rate indicate potential for consistent growth and future profitability.
Model Thinking 2 HN points 01 Apr 24
  1. Housing in Britain is currently unaffordable due to bloated planning restrictions, costing residents in terms of space, age of homes, and financial burden.
  2. The proposal to reclaim land from Dogger Bank for housing development comes with an estimated cost of £97.5bn, with potential present value benefits of £622bn, showing a promising cost-benefit ratio.
  3. The development of a new city on Dogger Bank has the potential to significantly impact economic activity, urban infrastructure, land prices, and GDP gains, making it a complex but potentially beneficial endeavor.
Erdmann Housing Tracker 63 implied HN points 06 Oct 23
  1. Positive labor market reports with sustainable wage growth and projected real growth
  2. Residential construction employment is growing, productivity concerns, and insights on housing market functionality
  3. Analysis of employment flows provides insights into economic trends and potential indicators for labor market breakdown
Tabletops 78 implied HN points 02 May 23
  1. Apple's store designs appear effortless and are iconic in urban settings.
  2. The process of building an Apple store involves overcoming obstacles like public approval and construction delays.
  3. Apple Boylston Street is unique and was the largest store in the U.S. at the time, showcasing distinctive architectural features.
The Sunday Morning Post 58 implied HN points 21 May 23
  1. Home Depot reported a 4.2% decline in sales for Q1 2023, marking the start of a period of moderation in the construction sector.
  2. Lower home construction numbers are impacting sales of materials like lumber and affecting big-ticket item purchases.
  3. Factors like higher interest rates, inflation, and economic uncertainty are contributing to the slowdown in the construction market.
The Discourse Lounge 22 HN points 28 Jul 23
  1. Many people misunderstand what 'affordable housing' really means -- it's not just cheaper housing, but subsidized, rent-regulated housing.
  2. The terminology around housing has evolved over time, from 'public housing' to 'affordable housing', aiming to market the benefits to consumers.
  3. High housing costs are closely tied to high construction costs, and providing truly affordable housing requires addressing these underlying cost issues.
Equal Ventures 0 implied HN points 08 Dec 22
  1. The construction industry faced challenges due to COVID, leading to project delays, labor shortages, and higher costs, but also drove innovation and digital adaptation.
  2. The construction industry is massive, fragmented, cyclical, and essential to the U.S. economy, with specific segments like private construction and public infrastructure.
  3. Construction has been slow in adopting technology, but the pandemic accelerated its digital transformation, especially in areas like drones, digital collaboration, and safety tools.