Economy


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    CharlieChesvick via Getty Images

    Infrastructure drives new opportunities, risks for construction, report finds

    The international construction market is set for a sustained period of growth, with modular building and renewable energy projects taking on a major role, according to global insurance firm Allianz.

    By Dec. 6, 2021
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    Sean Gallup via Getty Images

    The top 12 drivers of construction disputes and how to avoid them

    A new HKA study shows design issues have eclipsed scope changes as the top cause of claims in the U.S.

    By Nov. 30, 2021
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    ChrisVanLennepPhoto via Getty Images

    Report: $61B lost per year due to waste, inefficiency in 811 utility system

    A new study found that while problems with the country's "call before you dig" system are large, they can be mitigated.

    By Nov. 24, 2021
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    Courtesy of Ford Motor Co.

    All-electric Ford F-150 Lightning sparks interest as electric vehicles make waves

    Pickup truck aficionados and first-timers alike are anticipating new electric releases from Ford, Tesla, Rivian and Chevy.

    By Nov. 19, 2021
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    Sean Gallup via Getty Images

    5 graphs that illustrate construction's challenging year

    Elevated materials costs, labor woes, inflation and more made for a difficult 12 months for contractors, but there are positive signals too.

    By Nov. 18, 2021
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    Drew Angerer via Getty Images

    Biden signs long-awaited $1.2 trillion infrastructure bill

    The legislation includes $110 billion for roads and bridges and $66 billion for passenger and freight rail.

    By S.L. Fuller • Updated Nov. 15, 2021
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    Mario Tama/Getty Images via Getty Images

    Federal, state partnership aims to expedite port, infrastructure projects in California

    Projects that could receive support through the agreement include port upgrades, expanded capacity for freight rail and inland storage facilities.

    By Max Garland • Nov. 16, 2021
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    Sean Gallup via Getty Images

    How the pandemic has affected the just-in-time inventory approach

    The lean model, in which businesses aim to match their level of inventory to demand, has been challenged in recent months by supply chain upheaval.

    By Matt Leonard • Nov. 15, 2021
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    Q&A

    Homebuilder combats critical supply chain shortages

    Drees Homes has found creative workarounds for delayed materials, like assisting homeowners with buying their own appliances and working closely with trades teams.  

    By Nov. 10, 2021
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    Megan Quinn/Construction Dive

    'Once-in-a-generation' $1.2 trillion infrastructure bill heads to Biden's desk

    The legislation, long-awaited by many in construction, includes $110 billion for roads and bridges and $66 billion for passenger and freight rail.

    By Nov. 8, 2021
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    Sponsored by Withum

    6 things construction companies should know about the Biden tax proposals

    As the fourth quarter is in full swing and the end of the year quickly approaches, it is traditionally the time for business owners to meet with their advisors and discuss year-end tax planning.

    By Andrew Schoenemann, CPA, Conor Barnes, CPA, Joseph Breen, CPA • Nov. 8, 2021
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    Spencer Platt via Getty Images

    Construction spending falls in NYC, but outlook is positive

    Total construction spending in the Big Apple remains down from pre-pandemic levels, but is expected to rebound in the next few years.

    By Nov. 5, 2021
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    Stringer via Getty Images

    News report: Evergrande's unfinished $1.8B stadium taken over by Chinese government

    The government agency hopes to sell the struggling real estate giant's project in Guangzhou, Reuters reported.

    By Updated Nov. 29, 2021
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    Chris Jackson / Staff via Getty Images

    Biden announces actions to boost US supply chain resiliency

    "​​​​​Now that we have seen how vulnerable these lines of global commerce can be, we cannot go back to business as usual," the president said at the G20 Summit in Rome.

    By Colin Campbell • Nov. 3, 2021
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    Permission granted by Miami University

    These 3 construction-related majors provide the most bang for the buck

    A new analysis of college degrees with high salaries and strong job security shows several of the best bets are in the construction industry.

    By Nov. 3, 2021
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    Permission granted by Adolfson & Peterson
    Q&A

    Locking in materials costs and trade partners early helps A&P mitigate shortages

    Adolfson and Peterson is securing materials and subs before projects begin, according to division president Will Pender.

    By Nov. 2, 2021
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    Scott Olson via Getty Images

    US, EU reach agreement to ease steel and aluminum tariffs

    Despite the good news, Canadian lumber tariffs are still driving up costs for builders, NAHB Chair Chuck Fowke said.

    By Sarah Zimmerman • Nov. 2, 2021
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    Kena Betancur via Getty Images

    Granite posts flat revenue amid competitive bidding environment

    The California-based contractor said issues such as high material costs, uncertainty over public funding and labor shortages are creating a dim outlook.

    By Oct. 29, 2021
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    Anna Moneymaker/Getty Images via Getty Images

    Is 'Striketober' the moment construction unions have been waiting for?

    The convergence of worker shortages, supply chain snarls and vaccine mandates could give labor the upper hand at the bargaining table, experts say.

    By Oct. 28, 2021
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    Adeline Kon/Construction Dive
    Deep Dive

    Construction's career crisis: Recruiters target young workers driving the Great Resignation

    An increasing number of job seekers are open to something new. The trouble is, few are likely to set their sights on construction.

    By Ryan Golden • Oct. 25, 2021
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    Justin Sullivan via Getty Images

    Backlog inches lower as material, labor worries weigh on contractors

    Shortages of components such as copper and PVC pipes are slowing the industry's growth, according to new economic reports.

    By Oct. 22, 2021
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    Courtesy of HITT Contracting

    HITT hands out COVID-19 bonuses of up to $10,000

    The company said that the checks were gestures of appreciation for its employees, who worked in-person throughout the pandemic.

    By Oct. 21, 2021
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    Permission granted by Built Robotics

    The country's top 25 specialty contractors

    Pandemic-related impacts, high materials prices and labor shortages led to a loss of $5.4 billion in revenue, per a new analysis of the subcontractor market.

    By Oct. 20, 2021
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    "Yantian port from above" by Gigel.atat is licensed under CC BY-SA 4.0
    Deep Dive

    After years of 'Made in China,' suppliers look to alternatives

    The risks of single sourcing from China have been brewing for years, but they bubbled up even more during the COVID-19 pandemic.

    By Shefali Kapadia • Oct. 19, 2021
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    Danielle Ternes/Construction Dive
    Deep Dive

    Pricing insanity: Material costs escalate, driving contractor desperation

    Amid unprecedented supply chain challenges, firms locked into contracts based on last year's prices are feeling the heat.

    By Robyn Griggs Lawrence • Oct. 18, 2021