construction

SVB’s Failure Could Doom Affordable Housing Projects
SVB’s Failure Could Doom Affordable Housing Projects
March 16, 2023  |  Banking

Silicon Valley Bank’s collapse could have grim implications for Bay Area affordable housing projects. While the bank was known for funding tech startups, it also...

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30% of US Construction Firms Invest in Digital Payments Amid Housing Slump
30% of US Construction Firms Invest in Digital Payments Amid Housing Slump
March 02, 2023  |  Digital Payments

Construction firms facing lower housing starts and rising mortgage rates that are turning off potential home buyers are increasingly turning to digital payment solutions as...

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Construction Platform Buildertrend Adds Suite of Adyen Embedded Payments Tools
Construction Platform Buildertrend Adds Suite of Adyen Embedded Payments Tools
February 22, 2023  |  Payment Methods

Adyen and Buildertrend have teamed up to enable expedited payments for construction businesses. With this collaboration, Buildertrend is using Adyen for Platforms to add embedded finance to its residential construction...

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30% of Construction Firms Are Investing in Technology 
30% of Construction Firms Are Investing in Technology 
February 13, 2023  |  B2B Payments

Construction firms are looking to technology to help them improve operations and build resilience.  Thirty percent of such firms said they are preparing for a...

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PYMNTS Intelligence: Slow Payments Drag Contractors’ Cash Flows
PYMNTS Intelligence: Slow Payments Drag Contractors’ Cash Flows
January 25, 2023  |  B2B Payments

Slow payments are more than a waiting game for the construction industry. They contributed to 12% of total construction costs last year, dipping into firms’...

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86% of Construction Firms Blame Late Payments on Productivity Declines
86% of Construction Firms Blame Late Payments on Productivity Declines
January 23, 2023  |  B2B Payments

A potential housing sector recession is on the horizon, with new construction and building permits falling as homebuilder confidence has sagged to its lowest level...

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Home Depot Aims at B2B Friction to Boost Lucrative Professional Customers
Home Depot Aims at B2B Friction to Boost Lucrative Professional Customers
November 15, 2022  |  Earnings

Despite volatility in real estate prices and reduced consumer buying power due to inflation, the country’s largest home improvement retailer said Tuesday (Nov. 15) that...

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Procore Introduces Tool to Speed Up Slow Construction Payments
Procore Introduces Tool to Speed Up Slow Construction Payments
November 08, 2022  |  Faster Payments

Construction management software provider Procore has launched a tool it says will help solve a perennial problem in its industry: slow payments. Procore Pay, built...

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Retail Warehouse Shortage Could Worsen as Cities Mull Construction Bans
Retail Warehouse Shortage Could Worsen as Cities Mull Construction Bans
October 10, 2022  |  Retail

In the city of Colton, California, there are 54,000 residents and 58 licensed warehouses. The city is in the state’s Inland Empire, just east of...

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