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🏆 Construction Just Shattered Its Previous Best Month Ever?
Newsletter cover photo
When you hear Vegas just reopened
Hey there,
Welcome to the Buildr Newsletter, your preferred source of construction news, notes, and humor. The water may be cold, but we're gonna jump straight into the links without thinking too much about it (the initial shock wears off once your body gets used to it).

Construction

Air Phase One
: Check out
a photographic look
into New York's Phase 1 reopening this week, which includes non-essential construction.
Construction just had
its highest growth
in a single month since they started tracking this sort of thing: 464,000 net new jobs in May.
At just a 0% productivity increase annually for the last 20 years and time and cost overruns making it so that earnings (before interest and taxes) are a meager 5%—construction wasn't doing well even
before
COVID-19 barged in and made a huge mess.
COVID-19 accelerated a technological transformation that was long overdue, to the point that the industry will look radically different as soon as 5 years from now, like that one cousin you don't recognize because they skipped a Thanksgiving.
R&D spending among the top 2,500 companies has skyrocketed 77% in just 7 years.+ Major shifts ahead include productization and specialization, increased value chain control, and greater customer-centricity and branding.
A $265 billion annual profit pool is just sitting and waiting to be gobbled up by the industry's biggest disruptors; those who outperform their competitors will double profits from 5% to 10%.
Check out Builder's
Top 100 Home Builders of 2020
list. Note: Builder has an e. It's sort of a Michael Jordan/Michael B. Jordan thing; nobody confuses the two of us.
Silver Linings Playbook
: Tangential to the McKinsey article,
here are some avenues
where technology fueled by COVID-19 is actually beneficial. Our silver lining hats are firmly fitted for this one; there was a BOGO sale at Lids so we also got a pink Mother's Day Milwaukee Brewers hat (very limited inventory).
TikTok but for Construction
: To answer construction's classic "aging workforce + less young workers entering the industry than ever" dilemma, the Construction Careers Foundation has
launched a website
for young people to learn about potential construction careers in Minnesota.
Procore Values
: From the Procore blog, here are
5 technologies
that are most primed for growth by 2025. 3D Printing tops the list at 246% projected growth, an eerily similar growth to our caloric intake the first week of COVID-19.
Father's Day is just around the corner.
Here are some ideas
if Dad is in the world of construction (or if Mom sports a size 11.5 Keen Utility Cincinnati Work Boot).

Non Construction

Viva Las Vegas
: In this week's "news that will make Michael Jordan's ears perk up,"
Las Vegas finally joins the ranks
of the reopened.
Drop top
: Not another drop. Oh wait sorry, this one's good.
Unemployment dropped
.
The rich get richer
: In a Durant-joining-the-Warriors type of move,
Slack officially partners with Amazon
.
Nobody tell Elon
: A
planet like the earth
is orbiting a star like our sun. The moment Elon Musk hears about this, he's surely planning a mission to it. KOI-456.04, the planet's name, even sounds like a potential Elon/Grimes baby name.
Irene Tripplett, the last remaining person collecting a US Civil War pension
has sadly passed away
. This is like the friend that's grandfathered into a too-good-to-be-true phone plan where they're paying a fifty cent piece and two husks of corn a month for unlimited talk and text.
That's it for this week. Once again, if you'd like to donate to Black Lives Matter you can do so
here
. If you'd like to donate to Campaign Zero, you can do so
here
.
If you've been forwarded this newsletter, you can subscribe
here
.
See you next week!