Economic development
The National Building Code Advisory Committee (NBCAC) has been inaugurated by the Federal Government to ensure that every Nigerian home, office, school, hospital, and place of assembly is constructed to standards that guarantee safety, durability, and sustainability. The committee's primary goal is to strengthen the building and construction
Economic development
The Nigerian government has taken steps to mitigate the frequent collapse of buildings in the country by setting up a panel to design a new national building code that will be enforceable. The National Building Code Advisory Committee (NBCAC) was inaugurated in Abuja, with the Minister of Housing and Urban
Housing
The Bank of Korea (BOK) slightly raised its 2025 growth forecast to 0.9 percent, citing a recovery in consumption and solid exports, despite concerns over the construction sector and household debt levels. The central bank kept its benchmark rate unchanged at 2.5 percent, reflecting continued instability in the
Economic development
Bolivia's construction market is experiencing steady growth, driven by government-led infrastructure development, rising urbanization, and increased foreign investment in residential and commercial real estate projects. The demand for affordable housing, modernization of transportation networks, and improvements in energy and utility infrastructure are fueling the market expansion. The integration
Economic development
The Indian construction market has shown significant growth, driven by government initiatives and increasing demand for infrastructure development. The market size reached USD 687.38 Billion in 2024 and is expected to grow at a CAGR of 8.60% between 2025 and 2034, reaching almost USD 1.56 trillion by
Economic development
The Brazil construction market is set to grow significantly in the coming years, driven by government initiatives, infrastructure development, and increased demand in various construction sectors. According to the report, the market size was valued at USD 127.63 billion in 2024 and is projected to grow at a CAGR
Housing
Toronto-area new home sales plummeted to an all-time low in July, surpassing the severe downturn in new home sales during the early 1990s, according to a report from the Building Industry and Land Development Association (BILD). The GTA new homes sales remained "exceedingly low" at levels not seen
Housing
Construction company CG Fry and Sons is seeking planning permission to build 620 new homes on a former showground in Shepton Mallet. The development, which includes a new primary school, care home, local centre, and parkland, is expected to bring significant benefits to the town, including new homes, affordable housing,
Housing
Clark Contracts' private homes division, Nova, is on the verge of beginning work on its first projects in Glasgow's Bishopbriggs and Neilston, after assessing over 150 sites. The division has secured around £65m of work, with £20m coming from Nova, which will carry out the building work.
Housing
Wirral Council has issued a press release regarding the sale of three industrial units to a specialist structural timber company, SticX Limited, which is based in Wirral and operates throughout the UK. The company, which currently employs 48 people, plans to increase this number to 76 by 2031 as a
Housing
The Australian construction industry is expected to grow by 3.8% in real terms in 2025, driven by investments in transport infrastructure, manufacturing, housing, and renewable energy projects. The federal government has unveiled a budget that increases general government expenditure from AUD762.8 billion ($504 billion) in FY2024-25 to AUD785.
Housing
Despite ongoing housing recession, new home construction rose more than 5% in July to an annualized rate of 1.4 million homes, according to the government. Multifamily housing starts led the gain, with a 10% increase in one month alone. However, building permits, a leading indicator of future construction activity,
