Manual building hoists require human effort to operate, typically involving a pulley system and manual controls. They are generally less expensive but slower and more labor-intensive. Automatic building hoists, on the other hand, are motorized and can be programmed to lift and lower loads with minimal human intervention. They offer greater efficiency, speed, and safety, but come at a higher cost. Automatic hoists are also more suitable for high-rise construction due to their ability to handle heavier loads and operate over greater distances.