Explore construction trends, from tech to sustainability.
Cloud Computing
Mukesh Ambani’s Reliance Industries is making a groundbreaking move by planning to build the world’s largest AI data center in Jamnagar, India. With a staggering projected capacity of three gigawatts, the facility will dwarf Microsoft’s current largest data center in Virginia, which has a capacity of 600
Construction
Toyota’s ambitious Woven City, a $10 billion "city of the future" located at the base of Mount Fuji, is preparing to welcome its first residents in 2025. Announced in 2021, this 175-acre experimental hub aims to serve as a living laboratory for cutting-edge technologies, including robotics, self-driving
Energy
Nuclear startup Oklo has struck a significant deal with data center operator Switch to supply up to 12 gigawatts of power by 2044. If successful, Oklo’s small modular reactors (SMRs) could become a game-changer for powering energy-hungry data centers. However, the agreement comes with challenges, including regulatory hurdles and
Cloud Computing
Amazon Web Services (AWS) announced on Monday a $10 billion investment to build new data centers in Ohio by 2030. This move brings Amazon’s total investment in the state to over $23 billion, solidifying Ohio’s status as a growing technology hub in the Midwest. Expansion of Cloud and
Real Estate
U.S. home prices are expected to continue rising in 2025, albeit at a slower rate than this year, according to a recent forecast from Bank of America. The investment bank’s mortgage-backed securities (MBS) research team predicts a 2% increase in national home prices next year. This projection marks
Supply Chain
Apple Inc. plans to invest $1 billion in a manufacturing plant in Indonesia to produce components for smartphones and other products. This decision follows Indonesia's ban on iPhone 16 sales in October due to non-compliance with local content regulations, which require at least 40% of parts in domestically
Cloud Computing
Meta, Facebook’s parent company, announced plans to build its largest artificial intelligence data center in northeast Louisiana, marking a $10 billion investment. The facility is expected to transform Richland Parish, a rural area with high poverty rates, creating 500 permanent jobs and 5,000 construction jobs. The project includes
Construction
The U.S. faces a massive housing shortage, with millions of homes needed to meet growing demand. However, builders are struggling to deliver. A combination of rising costs, labor shortages, and regulatory hurdles is stalling construction, even as home prices soar. The Housing Crisis in Numbers The U.S. currently
Real Estate
In October 2024, U.S. existing home sales rose by 3.4% from September, reaching an annualized rate of 3.96 million units, marking the first year-over-year increase since July 2021. This uptick is attributed to a slight rise in housing inventory, which provided more options for buyers despite persistently
Business Insights
In March 2024, Home Depot announced its acquisition of SRS Distribution for $18.25 billion, marking the largest purchase in the company's history. SRS Distribution, based in McKinney, Texas, operates over 760 branches across 47 states, supplying materials to professional roofers, landscapers, and pool contractors. This strategic move
Real Estate
U.S. home builders are increasingly converting unsold homes into rental properties or selling them to investors amid a surge in housing inventory and elevated mortgage rates. This shift is driven by a significant rise in unsold inventory, which has reached its highest level since 2009, and the affordability challenges
Business Insights
Home Depot reported its fiscal third-quarter results on November 12, 2024, surpassing Wall Street expectations and raising its full-year outlook. The company achieved a net income of $3.6 billion, or $3.67 per share, slightly down from $3.8 billion, or $3.81 per share, in the same period