Economy


  • New data center from technology and engineering company McDean under construction in Virginia
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    Anna Moneymaker via Getty Images
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    Construction backlog rebounded in August as more firms won data centers

    “Data centers continue to keep contractors busy even as activity softens in other segments,” said Anirban Basu, ABC chief economist.

    By Sept. 16, 2026
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    shutterstock/ Zero Creatives / Connect Images

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    Sponsored by Attentive.ai

    Fluctuating material costs are rewriting who wins the bid

    Material costs are outpacing bids. Speed is the new edge.

    By Shiva Dhawan, Co-founder and CEO, Attentive.ai • Sept. 14, 2026
  • 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
  • An aerial view of the Chevron EL Segundo refinery
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    Mario Tama via Getty Images
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    Cost spikes hit bevy of construction materials

    Prices for copper, lumber, switchgear and several derivative metal products posted 10% or more increases year over year since August 2025, said Anirban Basu, chief economist at Associated Builders and Contractors.

    By Sept. 11, 2026
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    Luke Hales via Getty Images
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    Data center planning cooled in August as other sectors gained ground

    Most other sectors posted an acceleration in momentum amid a weaker data center planning environment, according to Dodge Construction Network.

    By Sept. 9, 2026
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    Spencer Platt via Getty Images
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    Construction costs have moderated, but apartment development remains challenging

    Multifamily firms are mixed on whether greater contractor competition and more stable materials prices have opened up opportunities in new markets.

    By Danielle McLean • Sept. 8, 2026
  • In an aerial view, sections of the Stargate Oracle AI data center under construction
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    Brandon Bell/Getty Images via Getty Images
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    Data centers drove all nonresidential construction spending growth in July

    Not counting data centers, nonresidential construction spending fell to its lowest level since September 2023, said Anirban Basu, ABC chief economist.

    By Sept. 2, 2026
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    Tasos Katopodis / Stringer via Getty Images
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    Warsh pledges to slow inflation to 2%, saying Fed may have ‘work to do’

    The comments by Warsh prompted futures traders to increase the odds that policymakers next month will push up the main interest rate.

    By Jim Tyson • Aug. 31, 2026
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    Inflation holds steady, giving Fed room to leave main rate unchanged

    Despite an increase in disposable income, personal consumption expenditures rose just 0.2% last month compared with a 0.4% gain in June.

    By Jim Tyson • Aug. 27, 2026
  • Canada Prime Minister Mark Carney (left) speaks to U.S. President Donald Trump (right).
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    Evan Vucci via Getty Images
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    Canada to install retaliatory tariffs of up to 50% on US imports

    The levies will go into effect Sept. 8 and match the rates of U.S. tariffs on goods such as steel, dairy products, appliances and agricultural equipment.

    By Phil Neuffer • Updated Aug. 27, 2026
  • In an aerial view, the Meta El Paso data center
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    Brandon Bell/Getty Images via Getty Images
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    Surge in July construction starts reflected megaproject volatility: Dodge

    A 25.6% gain in kickoffs last month followed a plunge in June. Dodge said the trend points to “a disjointed construction market.”

    By Aug. 21, 2026
  • A bronze sculpture of an eagle with a 16-foot wingspan adorns the outside of the Federal Reserve Bank of Atlanta.
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    Many Fed officials flagged inflation threat, possible need to hike rates

    “Recent labor demand and consumer spending data suggest that the economy is healthy enough for a rate hike,” Ed Yardeni, president of Yardeni Research, said.

    By Jim Tyson • Aug. 20, 2026
  • Two people in three-piece suits, with one standing behind a podium speaking and the other to the side looking on.
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    Chip Somodevilla via Getty Images
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    Trump imposes 100% tariffs on some drones and components

    The UAS duty rates align with the president’s executive orders to mitigate supply chain reliance on countries such as China, which has a world-leading drone market valued at $15.6 billion in 2025.

    By Sara Samora • Aug. 18, 2026
  • Oil storage tanks at the Sunoco LP Fuel Supply Terminal
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    Brandon Bell/Getty Images via Getty Images
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    Construction costs rose 7.4% annually in July

    Contractors will still face additional input price jumps in the months ahead, especially as fuel and other materials prices swell, according to economists.

    By Aug. 14, 2026
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    ‘Historic’ labor market shrinkage highlights need for AI: Economist

    A pullback from employment by workers age 65 and older may partly allay concerns that demand for artificial intelligence will fall short of a coming surge in supply, per economist Joe Brusuelas.

    By Jim Tyson • Aug. 12, 2026
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    Data centers lifted July’s construction planning momentum

    After a brief brake tap in June, data centers elevated construction planning on both a monthly and annual basis, according to the Dodge Momentum Index.

    By Aug. 10, 2026
  • A construction worker walks on the street next to a detour sign.
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    Anna Rose Layden via Getty Images
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    Construction job openings rose in June as contractors felt staffing woes

    For the third straight month, the Bureau of Labor Statistics reported higher year-over-year job vacancies. Paired with other recent data, that may not mean higher project demand.

    By Aug. 4, 2026
  • Construction workers on scaffolding in front of the Capitol building.
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    Finn Gomez via Getty Images
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    Construction spending dropped 3.2% in June

    Excluding data centers, private nonresidential construction spending was down 7.9% year over year in June, according to ABC Chief Economist Anirban Basu.

    By Aug. 4, 2026
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    Opinion

    Construction’s warning lights are blinking. Most firms aren’t looking at the dashboard.

    Climbing interest rates and high inflation have resulted in slowing demand despite the data center boom, writes a construction accountant. 

    By Chris Coleman • Aug. 3, 2026
  • A data center under construction.
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    Turner’s cost benchmark surged 5.2% in Q2

    The annual increase compared to a 1.4% jump quarter over quarter. Rising demand for skilled labor continues to drive inputs, the contractor said.

    By July 29, 2026
  • Federal Reserve Board Chairman Kevin Warsh departs his first news conference since taking the helm at the central bank on June 17, 2026 in Washington, DC.
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    Chip Somodevilla via Getty Images
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    Fed holds benchmark rate steady in vote with three dissents

    The central bank held the main interest rate steady in a 9-3 vote after a two-day meeting.

    By Grace Noto • July 29, 2026
  • An aerial view of a three-level data center under construction
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    Mario Tama/Getty Images via Getty Images
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    Groundbreakings cooled in June after megaproject boom eased

    Construction starts “came back down to earth” after strong activity in May, said Sarah Martin, director of economic research at Dodge Construction Network.

    By July 23, 2026
  • Concrete arches rise above the Signature Bridge construction project
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    Joe Raedle/Getty Images via Getty Images
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    Canada tariffs put pressure on concrete, cement prices

    A 50% tariff can scuttle previous estimates and increase the risk of disputes, said one attorney.

    By July 22, 2026
  • President Donald Trump holds up his hands in the Oval Office of the White House on June 11, 2026 in Washington, DC.
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    Alex Wong via Getty Images
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    US slaps 50% tariffs on many Canada imports

    The Section 338 duties apply to a wide variety of products — even if they qualify for duty-free treatment under the United States-Mexico-Canada Agreement.

    By Antone Gonsalves • Updated July 21, 2026
  • A rendering of a large building with the letters "Pennsylvania Station" emblazoned along the top.
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    Courtesy of Skanska
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    Skanska reports record $7B order intake for Q2

    CFO Pontus Winqvist remained measured in the face of a robust backlog as well as economic hurdles, telling Construction Dive, “you can’t build a trend on one quarter.”

    By July 17, 2026
  • diesel trucks are stationed at a Tex-Con pumping station
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    Brandon Bell/Getty Images via Getty Images
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    Construction costs dropped in June, will likely tick up again

    A brief respite in fuel prices caused construction input costs to drop in June. But the recent escalation in the Iran war will likely drive them back higher, according to Associated Builders and Contractors.

    By July 16, 2026