Mass Construction Show
Industry Update: HVAC, ADUs, & New Housing Bill
Aug 20, 2024
Get ready for a deep dive into the construction industry's latest trends! Discover how lead times and material costs are improving, but the electrical sector faces high energy demands. Learn about groundbreaking plumbing services that are changing the game and the vital discussion on construction safety and employment practices. Delve into the new housing bill promoting Accessible Dwelling Units and its zoning implications, while grappling with the balance between affordable housing needs and community concerns.
31:21
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Quick takeaways
- The recent improvement in construction material lead times signifies a stabilizing market, enhancing pricing and delivery schedules across the industry.
- Massachusetts' new housing bill redefines zoning regulations for accessory dwelling units, aiming to alleviate housing shortages despite community resistance concerns.
Deep dives
Market Trends in Construction Materials
Recent reports indicate a significant improvement in lead times for construction materials, with the latest data showing stable or decreasing trends after a period of lengthy delays. Previously dominated by red indicators signaling increasing lead times, the current report includes green indicators, highlighting a recovery in availability. This shift suggests a stabilizing market, moving closer to pre-COVID conditions, which has positive implications for pricing and delivery schedules within the industry. However, concerns remain in the electrical sector due to ongoing high demand fueled by data center construction.
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