October 27, 2021
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Industry News
August saw a 19.8% year-over-year gain in home prices -- the same figure as the prior month, according to the S&P CoreLogic Case-Shiller Indices. "August data also suggest that the growth in housing prices, while still very strong, may be beginning to decelerate," said Craig Lazzara of S&P DJI. Year-over-year increases were highest in Phoenix, San Diego, and Tampa, Fla.
Full Story: CNBC (10/26) 
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While 32 states added jobs in construction from August to September, supply chain issues continue to affect the industry, according to AGC. "Supply problems have slowed down many projects and forced contractors to hold down employment, while the lack of an infrastructure bill is leading some to delay hiring," said Ken Simonson, chief economist for the AGC.
Full Story: The Construction Index (UK) (10/25) 
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NEW EDITION - HVAC Duct Construction Standards
The newly released Fourth Edition of SMACNA's flagship HVAC Duct Construction Standards - Metal & Flexible, represents the state of the art in the sheet metal duct fabrication and installation requirements. Significant changes include: flat oval tables for positive/negative pressure applications, spray and aerosolized duct sealants, updates to duct hanger requirements, and much more. CLICK HERE TO ORDER
Trends & Technology
Lennar is collaborating with construction technology specialist Icon on a project to 3D print 100 homes near Austin, Texas. The development will be the largest of its kind in the US and is seen as an important market test for the technology and subsequent demand for 3D-printed homes.
Full Story: The Wall Street Journal (10/26) 
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Legal, Legislative and Regulatory News
Construction contractors and owners should negotiate contracts with an understanding of "float," which is the amount of time allowed for a noncritical activity before delays on a project begin to occur, an attorney writes. "Absent a float-sharing or float-allocating clause in a construction contract, the modern trend is that the 'project owns the float,'" the attorney writes.
Full Story: JD Supra/Stoel Rives (10/21) 
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Business Ownership
Building a company's cybersecurity skills on a budget
Instead of paying for costly cybersecurity training, experts recommend internal sharing of knowledge, vendor trainings and free or low-priced online courses and webinars. "[I]it is entirely possible to instill cybersecurity best practices into people without IT backgrounds simply by providing them with access to conversations with leading experts," says Sebastian Schaeffer, CTO and owner of dofollow.io.
Full Story: CSO (free registration) (10/26) 
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Small-business owners can pay themselves through limited liability companies or owners' draws. The best method depends on the company's legal structure, the payment amount and the schedule, writes Brandi Marcene.
Full Story: Atlanta Small Business Network (10/26) 
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