Economy


  • Sponsored by Beam AI

    The tariff storm has a silver lining. And it belongs to preconstruction.

    Rising material costs have turned preconstruction from overhead into a necessity.

    By Shiva Dhawan, Co-founder & CEO, Attentive.ai • June 15, 2026
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    Mario Tama/Getty Images via Getty Images
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    Construction costs surged in May at fastest annual rate since pandemic

    “Contractors are being hit by a double whammy” of rising materials prices and slower growth in bid prices, said Ken Simonson, chief economist at Associated General Contractors.

    By June 12, 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
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    Justin Sullivan/Getty Images via Getty Images
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    Healthcare joined data centers in boost to May construction planning

    The increase builds on last month's growth to overall planning after a slow start to the year, according to Dodge Construction Network.

    By June 9, 2026
  • Aerial view of a data center being constructed in Vernon, California.
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    Mario Tama via Getty Images
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    Deep Dive

    Data center construction boom driving historic manufacturing opportunities

    From multinationals like ABB and Siemens to small, family-owned businesses, manufacturers are staking their claim in this lucrative new vertical through investments and acquisitions. The question now is how long it will last.

    By Shefali Kapadia • June 9, 2026
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    Industrial sector sole bright spot in Minneapolis region: survey

    Contractors across the Upper Midwest reported weaker activity, persistent uncertainty and rising costs, according to the Federal Reserve Bank of Minneapolis.

    By Keith Loria • June 8, 2026
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    Steel imports down 30% in 2026 as tariffs bolster US production

    Raw and finished steel reached 1.87 million net tons for the month of April, driven by increased imports of tin plate, metallic coatings and other goods, according to census data.

    By Nathan Owens • June 5, 2026
  • Construction continues of the Wallis Annenberg Wildlife Crossing
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    Mario Tama/Getty Images via Getty Images
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    Data center construction spending rocketed 28% in the last year

    Overall nonresidential construction spending, however, ticked up 0.1% month over month in April, with momentum elsewhere “difficult to find,” said ABC Chief Economist Anirban Basu.

    By June 3, 2026
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    Trump further tweaks steel, aluminum, copper tariffs

    A greater range of industrial and agricultural equipment made with the metals will temporarily face a reduced 15% levy starting June 8, per the White House.

    By Phil Neuffer • June 3, 2026
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    April construction job openings hit highest mark of 2026

    As the number of unfilled positions jumped 10.6% MOM, the rate of layoffs hit a four-year low, indicating contractors are clinging to the workers they already have.

    By June 3, 2026
  • Mixed-use housing and office properties undergo construction
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    Brandon Bell/Getty Images via Getty Images
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    Construction shows signs of life beyond data centers

    Despite hopeful signs, rising fuel prices will take a toll on material costs in the second half of the year, according to construction data provider Gordian.

    By May 28, 2026
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    Natalie Behring via Getty Images
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    C-suite construction execs stay bullish on data center boom

    Leaders at publicly traded companies reported the market continues to grow their bottom lines even as risks and challenges begin to emerge.

    By May 27, 2026
  • An aerial view of members of the media and project partners visiting the construction site of the Wallis Annenberg Wildlife Crossing
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    Mario Tama/Getty Images via Getty Images
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    Construction starts jumped in April as more project types broke ground

    Unlike recent months, groundbreakings stretched beyond a handful of data center and energy megaprojects, according to Dodge Construction Network.

    By May 22, 2026
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    Stringer via Getty Images
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    C-suite construction execs downplay Iran war costs

    During recent earnings calls, major builders said they have seen prices rise as a result of the conflict, but have methods for navigating the fuel spikes.

    By May 20, 2026
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    Scott Olson/Getty Images via Getty Images
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    Latest construction data shows activity hinges on AI buildout

    A jump in energy prices caused some building progress to slow in March, especially for work outside of the data center boom.

    By May 20, 2026
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    Major general contractors bullish on data center, AI boom

    During the most recent batch of earnings calls, publicly traded firms remained confident on the data center build out, with one civil firm indicating it would pursue the sector for the first time. 

    By May 18, 2026
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    Joe Raedle/Getty Images via Getty Images
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    Construction prices ‘surged’ in April, up 6.2% year to date

    Input prices have now risen more during the first four months of 2026 than over the past three years, according to Associated Builders and Contractors. 

    By May 14, 2026
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    Majid Saeedi via Getty Images
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    Iran war inflation crimps profits, plans for investment, hiring: NABE

    Half of the respondents to a National Association for Business Economics survey put the odds of a U.S. recession in the next 12 months at 26% or higher.

    By Jim Tyson • May 13, 2026
  • In an aerial view, the Elemental Critical data center facility
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    Brandon Bell/Getty Images via Getty Images
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    Data centers remain ‘largest driver behind growth’ in construction planning

    Nonresidential planning accelerated in April after a slow start to the year, according to Dodge Construction Network.

    By May 11, 2026
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    Courtesy of Skanska
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    Skanska says its work unimpacted by major economic headwinds

    The firm continues to manage risk and deliver profits on the back of U.S. construction work, the contractor reported in its first-quarter earnings.

    By May 8, 2026
  • Schneider Electric, data centers, first-quarter 2026, electrification demand
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    ‘Energy security’ drives Schneider Electric growth: CEO

    Revenue jumped in part due to the AI boom, while geopolitical uncertainty boosted the outlook for electrified, digitized building systems, executives said on the company’s first-quarter earnings call. 

    By Brian Martucci • May 6, 2026
  • A brown, worn work glove holding a wrench that has "Made in USA" text on it, and the U.S. flag in the background.
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    Senators introduce bill to enforce Buy America compliance

    The legislation follows an Office of Inspector General audit that found the FAA failed to include required Buy American-related clauses in contracts funded through the Infrastructure Investment and Jobs Act.

    By Sara Samora • May 4, 2026
  • Federal Reserve Chairman Jerome Powell answers questions from reporters
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    Chip Somodevilla via Getty Images
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    Fed holds main rate steady, notes risks to jobs, inflation from Iran war

    Jerome Powell said after the end of his term as Federal Reserve chair in May he will remain on the board as a governor to help ensure the Fed is free of political interference.

    By Jim Tyson • April 30, 2026
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    Opinion

    What’s really driving volatility in construction cost estimates

    Clients often take early projections as gospel. Instead, builders should educate them on how the numbers can change, write two consultants.

    By Michael Feeney and Charles Cleary • April 28, 2026
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    Courtesy of Skanska
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    Punch List: Biden-era PLA mandate upheld, prices rise and Skanska delivers healthcare project

    Federal project labor agreements are here to stay, Turner sees costs going up nearly 5% year over year and more of this week’s news for builders.

    By Construction Dive Staff • April 24, 2026
  • In an aerial view, shipping containers are stacked at the Port of Oakland on August 01, 2025 in Oakland, California. U.S. President Donald Trump announced that his August 1 deadline for trade deals will not be extended and sweeping tariffs will be imposed on certain countries beginning today.
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    Justin Sullivan / Staff via Getty Images
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    What to know about Trump’s tariff refund process

    Finance leaders are expected to play a central role in steering companies through the claims process set to launch on Monday.

    By Alexei Alexis • April 20, 2026