Economy

NY Gov. Cuomo introduces $275B infrastructure plan

The $175 billion, five-year infrastructure proposal has been added to the governor's previous $100 billion initiative, making it the largest state plan in U.S. history.
By Kim Slowey • Jan. 23, 2020
Construction Dive's 'mini megacities' to watch: Columbus, Ohio

Thanks to corporate, tech and public developments, the capital of the Buckeye State is enjoying the largest construction boom in its history.
By Jenn Goodman • Jan. 22, 2020
Report: Real estate leasing will continue to expand in 2020

The Commercial Real Estate Market Sentiment Survey found that medical space will outpace office and industrial leasing, but there are market red flags that could impact contractors building in these sectors.
By Zachary Phillips • Jan. 22, 2020
Construction Dive's 'mini megacities' to watch: Nashville, Tennessee

Music City's construction market is buoyed by open competition for labor and one of the country's best economies.
By Jenn Goodman • Jan. 21, 2020
Construction Dive's 'mini megacities' to watch: Cedar Rapids, Iowa

From medical marijuana manufacturing to infrastructure upgrades, a range of diverse projects is fueling a massive uptick in construction activity.
By Jenn Goodman • Jan. 17, 2020
Construction Dive's 'mini megacities' to watch: Rochester, Minnesota

The small town's construction boom is being fueled by the growth of a world-renowned healthcare system.
By Jenn Goodman • Jan. 16, 2020
Study: Construction apprenticeships lead to higher average pay than college degrees in Illinois

By midcareer, those who completed a union construction apprenticeship were making an average hourly wage of $40.40, while those with bachelor's were making $35.28.
By Kim Slowey • Jan. 16, 2020
Construction Dive's 'mini megacities' to watch: Omaha, Nebraska

Omaha’s inexpensive land and centralized location have helped fuel an explosion in construction-related employment.
By Jenn Goodman • Jan. 15, 2020
The public construction firms to watch in 2020

Risk reduction, deleveraging and even bankruptcy are on the table for some of the industry's top publicly traded companies this year.
By Jenn Goodman • Jan. 10, 2020
Deloitte: Construction cost pressures to continue in 2020

There are steps contractors can take to help mitigate these rising costs, according to a new report from the accounting services firm.
By Jenn Goodman • Jan. 08, 2020
Top trends: 5 ways construction will evolve in 2020

Though the nation's second-largest industry seems like it doesn't change much, there are myriad, nuanced forces shaping the way contractors do business and buildings get built, and more so now than ever before.
By Joe Beeton • Jan. 07, 2020
Presidential election, mixed economic outlook to affect builders in 2020

Economists see many positive signs for construction this year, but warn that a contentious presidential race could cause potential clients to adopt a wait-and-see attitude.
By Jenn Goodman • Jan. 02, 2020
Construction leaders increasingly vigilant as economy hints at downturn

Construction's 2019 economic outlook saw some ups and downs and Construction Dive reporters covered the ins and outs all year long.
Katerra closing Phoenix modular building facility, laying off 200 workers

The California-based designer and builder of prefabricated components and mass timber modular units said it's on a growth path toward profitability next year despite having to close the 250,000-square-foot facility this month.
By Joe Beeton • Dec. 10, 2019
Deere says new layoffs due to projected dips in construction

The John Deere manufacturer is laying off 57 workers in Iowa, following Q4 news that it expects sales of its construction equipment to fall as much as 15% next fiscal year.
By Jenn Goodman • Dec. 10, 2019
2020 could see construction growth throttled by costs, labor and bearish owners

Although market forces are causing architects to be hit with delays and even cancellations, two of the industry's top economists say growth will slow some but remain mostly steady over the next year.
By Jenn Goodman • Dec. 02, 2019
Construction industry salaries and wages, ranked

A new analysis of federal labor statistics breaks down construction's top earners, both in the field and in the office, as industry pay hits a decade high.
By Zachary Phillips , Jenn Goodman • Nov. 18, 2019
'They've defended America, now let's help them build it': Combating the labor shortage with veterans

While countless jobs in the construction industry go unfilled, a stream of highly capable veterans look for work. Some experts say it's a marketing problem.
By Zachary Phillips • Nov. 11, 2019
Citing tariffs, Caterpillar lays off 120 temp workers in Texas

The U.S.-based construction-related manufacturer attributed the cuts to slowing sales stemming from President Trump's trade war with China.
By Jenn Goodman • Nov. 05, 2019
E-verify to be mandatory for contractors in Pennsylvania and maybe more states

President Donald Trump has expressed interest in making the federal, online legal employment status verification system more widespread, possibly as part of a larger overhaul of U.S. immigration law.
By Jennifer Carsen • Oct. 24, 2019
How contractors can survive a downturn

Recession-proofing tactics give contractors a chance to reevaluate their business platforms, get lean and focus on their strengths.
By Kim Slowey • Oct. 21, 2019
Inside Columbus, Ohio's $4B construction boom

A record number of starts this year will propel the city far beyond its peers in construction work, if the labor pool can keep up.
By Kim Slowey • Oct. 10, 2019
Report: Construction faces widest foreign language skills gap

Safety issues on jobsites can arise when trade workers primarily speak Spanish or other languages that managers don't, a survey shows.
By Zachary Phillips • Oct. 08, 2019
Sponsored
Swinging the pendulum on construction careers

The skilled workforce shortage requires innovative solutions and recognizing barriers to entry.
Construction unemployment returns to 2009 low

Wages were also up at the end of the month, to $30.81 an hour from $30.15 an hour last September.
By Kim Slowey • Oct. 07, 2019