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  • A construction worker gathers materials in a supply store.
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    iStock via Getty Images

    PPI posts first decline since April 2020

    After 20 months of sequential increases, the producer price index was 0.5% lower last month, the first negative reading since April 2020, with costs for nonresidential construction inputs dipping 1.8%.   

  • A construction worker as seen from below, stepping over a gap while carrying a piece of lumber.
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    Justin Sullivan via Getty Images

    Report ties worker falls to company policies

    In a CPWR survey, researchers found individuals working for subcontractors at the time of a fall are 2.7 times more likely to die compared to those employed by a general contractor.

  • A front and slightly angled shot of the columns of the American Stock Exchange in the foreground.
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    "ASE" by LeoTar is licensed under CC BY-SA 3.0

    Procore to expand into fintech services, CEO says

    The company’s new system would purchase materials for subcontractors, securing payment against the property itself using lien rights.

  • Two construction workers in reflective vests and blue hard hats stand on scaffolding.
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    Scott Barbour via Getty Images

    Workers have power. A recession won’t change that, one executive says.

    The argument over whether work should be virtual or in physical offices is “yesterday’s conversation,” according to one PwC leader.

  • A silver cable-stayed bridge spans bright blue water.
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    Permission granted by WSP

    WSP reports lower profits but higher revenue, adds RPS Group to buying spree

    The Montreal-based contractor hopes the acquisition will bolster its environmental strategy.

  • Berwick, Pennsylvania VBC factory
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    Permission granted by Volumetric Building Companies

    Katerra factory buyer acquires Pennsylvania modular facility, targets multifamily construction

    Volumetric Building’s new factory will create prefab units for construction projects in major markets in the Northeast, such as Philadelphia, New York City and Washington, D.C.

  • The Statue of Liberty from its right side at dusk, with New York's skyline as a backdrop.
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    Drew Angerer via Getty Images

    3 US cities with the biggest increases in construction costs

    In a recent report, Rider Levett Bucknall called attention to the workforce shortage construction faces and highlighted the need for new workers.

  • A traffic sign indicates reduced speed ahead.
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    iStock via Getty Images

    ‘Tougher times ahead’ for construction as July backlogs fall

    As new work and profit expectations decline, ABC’s Anirban Basu said construction activity clearly “has begun to fade.”

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    400tmax via Getty Images

    AECOM raises guidance amid higher profits, lower revenue

    Backlog at the 10th largest U.S. contractor increased by 3.5% to $41.1 billion, but COVID-19 in China and industry staffing shortages remain as challenges.

  • A beautifully lit scene with sunbeams on an offshore wind farm turbine.
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    glegorly via Getty Images

    Virginia regulators approve Dominion Energy’s $9.8B offshore wind farm

    The 2.6-GW project will be the largest wind farm in the U.S. and the first with diversity hiring requirements, the Sierra Club noted.

  • A view of the brown three-span Portal North Bridge from above.
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    Courtesy of NJ Transit

    Skanska, Traylor Bros. break ground on $1.56B Portal North Bridge

    The rail project, a critical part of the larger Gateway Program, will accelerate freight and commute times for NJ Transit and Amtrak riders.

  • A rendering shows the $2.3 billion mixed-use development in Henrico County, Virginia
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    Courtesy of GreenCity

    $2.3B GreenCity to break ground in 2023 near Richmond, Virginia

    The "eco district" development includes cross-laminated timber and solar power to minimize environmental impacts.

  • Wall Street
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    Spencer Platt via Getty Images

    Tutor Perini posts wide-ranging loss, pulls guidance for 2022

    The Los Angeles-based contractor blamed reduced project execution, COVID-19 impacts and a reversal of previously awarded legal damages for its results, which came in far below analysts’ expectations. 

    Updated Aug. 5, 2022
  • Photo shows a midscale LNG plant installed on three fixed jacket offshore platforms.
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    Permission granted by Fluor

    Fluor misses on estimates, trims guidance

    The Irving, Texas-based company reported an 11% revenue decrease and narrowed its high-end guidance.

  • A major construction site in downtown San Diego.
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    Courtesy of Turner Construction

    July’s job gains ‘shockingly’ strong as construction adds 32K positions

    The news wasn’t all good, though, as it gave the Fed more reason to keep raising interest rates.

  • A field of solar panels that dominate the foreground and the background. In the background, they are slanted at angles.
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    Courtesy of PCL Construction

    PCL Construction’s solar division has its eye on the sky

    The company’s solar work is thriving, and an executive said it will be a large part of its strategy going forward.

  • supermarket warehouse with rack, shelf storage carton, box, cardboard box and tin
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    Edwin Tan via Getty Images

    Where manufacturing grows, warehouse demand follows: CBRE exec

    Construction Dive talks with James Breeze, senior director at CBRE, about why warehouse demand will increase because of onshoring, and the Middle America markets that will benefit from new construction.

  • A rendering of the Intuit Dome basketball arena in Los Angeles.
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    Courtesy of Los Angeles Clippers

    AECOM-Hunt Turner tops out concrete frame at $2B Intuit Dome

    The future home of the Los Angeles Clippers went from concrete foundation to its top deck pour in just six months.

  • The president joe biden stands behind a podium in front of the white house, shielding his eyes from the sun.
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    Kenny Holston via Getty Images

    White House details infrastructure act progress

    Fact sheets break down funding and projects by state, more than eight months after the Infrastructure Investment and Jobs Act became law.