Economy
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Several states cut corporate tax rates for 2023
Many states are competing for businesses by reducing corporate tax rates as of Jan. 1, the Tax Foundation said.
By Jim Tyson • Jan. 26, 2023 -
Permission granted by Intel
Intel cancels $700M Oregon lab project
The tech giant planned to use the 200,000-square-foot facility to study sustainable technologies for data centers.
By Sebastian Obando • Jan. 25, 2023 -
Explore the Trendline➔
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TrendlineLabor
A roundup of articles about issues affecting the workforce.
By Construction Dive staff -
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2023 begins with ‘positive momentum’ for construction
December project starts grew 27%, the first end-of-year monthly gain since 2017, according to Dodge.
By Joe Bousquin • Jan. 25, 2023 -
Maudib via Getty Images
3 reasons why labor, material and land prices may ease for multifamily developers
The cost of building new apartments should moderate this year, experts say.
By Leslie Shaver • Jan. 24, 2023 -
Sergey Pakulin via Getty Images
2023 construction outlook roundup: Proceed with caution
As they look to the year ahead, contractors want to know how frayed supply chains, inflation and labor shortages will affect their business.
By Construction Dive Staff • Jan. 23, 2023 -
Courtesy of Associated Builders and Contractors
Construction input prices log biggest drop since April 2020
December’s report marks the largest monthly decline since early in the pandemic and the smallest annual increase in nearly two years, according to ABC. But pricing pressures remain.
By Sebastian Obando • Jan. 20, 2023 -
Courtesy of Walmart
Weak retail sales, manufacturing signal cooling economy
The Fed’s fight against inflation, while showing some recent signs of success, may dim prospects for economic growth.
By Jim Tyson • Jan. 19, 2023 -
Courtesy of Associated Builders and Contractors
Deep Dive // 2023 OUTLOOKRecession watch: Why the next one will be different
Executives from Skanska, DPR, Suffolk and others see unique characteristics in an economic slowdown this year.
By Sebastian Obando • Jan. 18, 2023 -
The image by LittleT889 is licensed under CC BY-SA 4.0
Q&AConstruction executive sees opportunity in Texas
The executive vice president of MAPP, a Baton Rouge, Louisiana-based contractor, expects a bright future for the Sun Belt but predicts office and industrial projects will take a hit this year.
By Julie Strupp • Jan. 18, 2023 -
Natnan Srisuwan via Getty Images
2023 OUTLOOKContech trends to watch in the new year
As builders adapt to economic, supply chain and labor challenges, they're turning to technology to boost performance.
By Matthew Thibault • Jan. 11, 2023 -
Sergey Pakulin via Getty Images
2023 OUTLOOK
New year, new challenges for IIJA
Inflation, labor shortages and supply chain snarls could hamper federal infrastructure act work in the coming year.
By Julie Strupp • Jan. 10, 2023 -
Courtesy of UT Health San Antonio
2023 OUTLOOKSector watch: Lab, hospital projects will keep institutional building healthy
Government stimulus will help healthcare, education and other institutional projects grow in 2023, according to a construction economist.
By Sebastian Obando • Jan. 10, 2023 -
John Moore via Getty Images
2023 OUTLOOKWhat’s keeping contractors up at night?
Supply chain chaos and an impending recession are among builders’ top concerns in 2023, according to a new survey.
By Julie Strupp • Jan. 9, 2023 -
Courtesy of Intel
2023 OUTLOOKSector watch: Overall commercial starts to tumble this year
Manufacturing and data center projects will prop up U.S. construction as work slows on retail projects, warehouses and offices.
By Sebastian Obando • Jan. 9, 2023 -
Mario Tama via Getty Images
New York-area infrastructure gets a boost from $8.3B Port Authority budget
The 2023 approved capital budget includes $2.9 billion to redevelop three major airports and replace the Midtown Bus Terminal in New York City.
By Sebastian Obando • Jan. 3, 2023 -
kali9/E+ via Getty Images
2023 OUTLOOKInflation could sap infrastructure act’s buying power this year
High costs for materials, fuel and labor mean jurisdictions aren’t getting as much of a budget bump as they’d hoped from the federal legislation.
By Julie Strupp • Jan. 3, 2023 -
Courtesy of Harbor-UCLA Medical Center
Nonresidential construction starts plunge 25%
Higher interest rates and recession fears likely restrained starts activity in November, said Dodge Construction Network Chief Economist Richard Branch.
By Sebastian Obando • Dec. 21, 2022 -
Win McNamee via Getty Images
Fed raises main rate by half point, signals higher level in 2023
Fed Chair Jerome Powell said that recent progress in reducing inflation is not enough to forestall increases in borrowing costs in 2023.
By Jim Tyson • Dec. 15, 2022 -
Courtesy of MYCON General Contractors
Q&ADallas GC plans Sun Belt expansion to weather 2023 slowdown
A MYCON exec mapped out how the firm will go on the offensive to deal with an expected recession next year.
By Sebastian Obando • Dec. 13, 2022 -
Tom Shaw via Getty Images
Balfour Beatty predicts higher profits in year-end update
The London-based contractor expects to end the fiscal year with more cash and a higher backlog than anticipated.
By Matthew Thibault • Dec. 12, 2022 -
Courtesy of Associated Builders and Contractors
Construction input prices tick down as supply chains improve
Although the cost of most materials has declined, contractors still face financial challenges on the labor side, according to Associated Builders and Contractors.
By Sebastian Obando • Dec. 9, 2022 -
Blue Planet Studio via Getty Images
US could skirt recession, former Fed economist says
Inflation and economic uncertainty top business leaders’ worries, but easing supply chain pressures and a strong labor market could help avert a recession.
By Grace Noto • Dec. 9, 2022 -
ljubaphoto via Getty Images
Construction planning numbers increase for third consecutive month
Despite growth, labor challenges, supply shortages and high interest rates could decelerate planning activity over the next 12 months, according to Dodge Senior Economist Sarah Martin.
By Sebastian Obando • Dec. 8, 2022 -
Maria Turova via Getty Images
Tech sector decline saps office construction comeback
In-office occupancy is at the highest level since the pandemic began, but Big Tech's woes have undercut the office sector's recovery, a Newmark report says.
By Sebastian Obando • Dec. 7, 2022 -
ilkercelik via Getty Images
5 charts that hint at what’s in store for construction in 2023
The industry will continue to face labor shortages, high materials costs and other headwinds, but infrastructure will be a bright spot.
By Julie Strupp • Dec. 6, 2022
