Economy: Page 4

  • Funded By Bipartisan Infrastructure Law, Mass Transit Construction Proceeds In Connecticut
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    John Moore/Getty Images via Getty Images
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    Economic Reports

    Public projects fuel construction spending growth

    The 0.3% jump in September marks the 16th consecutive month of gains, according to U.S. Census Bureau data.

    By • Nov. 2, 2023
  • Israel troops mobilize toward Gaza Strip
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    Amir Levy / Stringer via Getty Images
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    Israel-Hamas war could spike fuel prices, World Bank says

    The outlook for commodity costs will “darken quickly” if the Mideast conflict escalates, the international lending institution said this week.

    By • Oct. 31, 2023
  • Construction site Explore the Trendline➔
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    sandsun via Getty Images
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    Trendline

    Top 5 stories from Construction Dive

    Construction Dive editors curate some of the industry’s top stories from this year.

    By Construction Dive staff
  • Ford F-Series SuperDuty pickup trucks.
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    Courtesy of Ford Motor Co.
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    Ford delays construction on second Kentucky battery plant

    The automaker is also delaying $12 billion in EV investments a month after it paused construction on its Michigan EV factory.

    By Kate Magill • Oct. 30, 2023
  • An exterior image of a veterans center building
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    Permission granted by Minnesota Department of Veterans Affairs
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    Opinion

    Billions in deferred maintenance projects coming to US facilities

    A nationwide push to address delayed upkeep on public buildings and infrastructure will create myriad opportunities for contractors, according to a consultant.

    By Mary Scott Nabers • Oct. 25, 2023
  • New York City skyline
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    Gian Lorenzo Ferretti Photography via Getty Images
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    Construction takes bigger bite out of the Big Apple

    Building expenditures in New York City will jump 10% above pre-pandemic levels by the end of 2023 to reach $83 billion, according to a new report.

    By • Oct. 19, 2023
  • Construction workers build a residential high rise on October 02, 2023 in Miami, Florida.
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    Joe Raedle/Getty Images via Getty Images
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    Economic Reports

    Construction starts tumble as megaprojects, manufacturing falter

    In addition, the Architecture Billings Index, a measure of future construction work, posted its lowest score since December 2020.

    By • Oct. 19, 2023
  • A rendering of an office building in Dallas
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    Permission granted by Goldman Sachs
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    Goldman Sachs, developer break ground on $500M Dallas campus

    Balfour Beatty will reportedly build the all-electric facility, which comes at a time of soaring office vacancies in the city.

    By • Oct. 17, 2023
  • Construction barrels sit next to a highway work zone
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    jimmyan via Getty Images
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    Construction input prices rise again as energy costs soar

    More increases could soon follow due to conflicts in energy-producing countries, said the ABC’s chief economist.

    By • Oct. 12, 2023
  • A red construction frame in front of a high-rise building under construction.
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    JARAMA via Getty Images
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    Backlog dips, but contractor confidence remains high

    Despite firms’ stable profit margins and expanding sales, the economy faces several challenges that could affect construction, said ABC’s chief economist.

    By • Oct. 11, 2023
  • A sign of the NIBS Building Innovation Conference stands in the Washington Hilton Hotel on Sept. 6
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    Sebastian Obando/Construction Dive
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    Top construction events for the second half of 2024

    It’s time to plan ahead. Construction Dive has you covered with a full list of industry conferences, expos and meetings on tap for the rest of the year.

    By • Updated April 30, 2024
  • The sun sets on the facade of the U.S. Treasury Department.
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    mrbfaust via Getty Images
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    10-year Treasury hits highest level since 2007

    As rates skyrocket, multifamily construction deals and transactions get even harder to pencil out.

    By Leslie Shaver • Oct. 10, 2023
  • A construction worker communicates with more workers atop a structure being built.
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    Panupong Piewkleng via Getty Images
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    Construction job openings inch down

    The labor market appears to be cooling, but construction labor woes won’t go anywhere anytime soon, an economist says.

    By • Oct. 4, 2023
  • Construction workers carry building materials through the Stamford Transportation Center
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    John Moore/Getty Images via Getty Images
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    Economic Reports

    Manufacturing continues to drive construction spending

    An uptick in megaproject funding drove overall nonresidential outlays higher for the third consecutive month, according to U.S. Census Bureau data.

    By • Oct. 2, 2023
  • An engineer looks at a table while overseeing a construction site.
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    sculpies/iStock/Getty Images Plus via Getty Images
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    Contech Funding

    5 construction technology firms snare funding

    Three startups completed seed rounds and two established companies bolstered their coffers in recent months.

    By • Sept. 27, 2023
  • U.S. capitol building with stormy skies
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    Douglas Rissing via Getty Images
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    ‘Everybody’s going to be impacted’: Fed shutdown would delay civil work

    Infrastructure projects will be held up if the government is not funded by Sunday, according to the White House and association leaders.

    By • Updated Sept. 27, 2023
  • A collection of people in business attire stand against a backdrop curtain in the middle of a barren area. They have shovels. They are shoving the shovels into the dirt.
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    Courtesy of VinFast
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    Economic Reports

    Manufacturing, transportation gains lift construction starts

    Factory project kickoffs continued their tear, rocketing 285% from the month before.

    By • Sept. 22, 2023
  • Workers prepare to lift a new pedestrian bridge into place at the Stamford Transportation Center on August 26, 2023 in Stamford, Connecticut.
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    John Moore/Getty Images via Getty Images
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    Q&A

    Construction M&A deals slow after record run

    A rebound in mergers and acquisitions should come later this year as economic confidence and financing conditions improve, says a banking executive.

    By • Sept. 21, 2023
  • Aerial view of the planned Scout Motors EV plant in Blythewood, South Carolina.
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    Courtesy of Scout Motors
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    3 manufacturing megaprojects delayed by labor, permitting issues

    Teams have hit pause on Scout Motors’ $2 billion EV plant in South Carolina and American Battery Factory’s $1.2 billion facility in Arizona.

    By • Sept. 20, 2023
  • A block of apartment complexes
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    Arturo Rosenow via Getty Images
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    Returns for apartments continue to fall

    A real estate industry report ranks the areas of the country with the most and least returns for multifamily investors.

    By Leslie Shaver • Sept. 19, 2023
  • a rendering of a car race on the Las Vegas Strip
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    Permission granted by Las Vegas Grand Prix 2023
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    Major construction in Vegas ahead of Formula 1 race

    The city will see $8 billion worth of projects this year, including some for the Grand Prix in November.

    By • Sept. 19, 2023
  • A nighttime view of a city skyline, with streaks of light from the highway in the foreground.
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    The image by Maciek Lulko is licensed under CC BY 2.0
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    Q&A

    Atlanta construction exec deals with supply chain snarls

    DPR Construction’s Kali Bonnell sees positive indicators for the industry, including a strong pipeline of projects.

    By • Sept. 19, 2023
  • Contractors meeting and planning blueprints
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    Freedomz/Shutterstock

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    Sponsored by Sensera Systems

    Inside contractors’ top concerns in 2023 and into 2024

    The biggest challenges facing the industry today, plus tips for thriving during uncertain times.

    Sept. 18, 2023
  • Worker prepare to lift a new pedestrian bridge into place at the Stamford Transportation Center on August 26, 2023 in Stamford, Connecticut.
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    John Moore/Getty Images via Getty Images
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    Economic Reports

    Construction prices jump for first time in 6 months

    A surge in fuel costs pushed the building materials index higher, dashing hopes of cooling inflation.

    By • Sept. 15, 2023
  • A security guard stands vigil at the Stamford Transportation Center on August 28, 2023 in Stamford, Connecticut.
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    John Moore/Getty Images via Getty Images
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    Economic Reports

    Infrastructure backlog jumps 24%, pushing demand to ‘upper end of historic levels’

    Despite a slew of headwinds, the country’s biggest contractors continue to book more new business, said Anirban Basu, ABC chief economist.

    By • Sept. 13, 2023
  • Entrance greeting sign on the highway border between Nevada and Arizona
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    Pgiam via Getty Images
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    Best 10 states for small business taxes

    A new report analyzed federal data to find the most tax-friendly states for small businesses such as specialty contractors, subcontractors and home builders.

    By • Sept. 12, 2023