2 years in, infrastructure law has funded 40,000 projects

The White House said construction employment has also risen as a result of the influx in federal money.

By Julie Strupp • Nov. 16, 2023

McCarthy completes $92M Texas port project

The St. Louis builder finished Port Houston’s Bayport Wharf 6 in 26 months on an accelerated timeline.

By Matthew Thibault • Nov. 15, 2023

Contech surpasses $30B in total venture funding

More construction technology providers will reach unicorn status even as venture capital slows in other sectors, according to an investment firm focused on the industry.

By Matthew Thibault • Nov. 15, 2023

AECOM’s profits plunge on higher revenue, backlog

CEO Troy Rudd said the strong U.S. dollar, which erodes the value of international contracts paid with foreign currency, impacted results.

By Julie Strupp • Nov. 15, 2023

Construction input prices fall amid declining inflation

The 1.2% drop in materials costs in October “should be cheered by most contractors,” said Anirban Basu, ABC chief economist.

By Sebastian Obando • Nov. 15, 2023

Backlog drops to lowest level since Q1 2022

“Many smaller contractors are feeling the sting of weaker economic fundamentals in struggling commercial real estate segments,” said Anirban Basu, ABC chief economist.

By Sebastian Obando • Nov. 14, 2023

US manufacturing boom unlocks ‘once-in-a-lifetime’ opportunity for contractors

Here are ways construction firms can cash in on the country’s $500 billion onshoring surge and the ancillary projects it is spurring. 

By Sebastian Obando • Nov. 14, 2023

WSP’s profit, revenue, backlog up in Q3

The Montreal-based firm sees a positive outlook for its green transition work and reaffirmed the guidance that it raised last quarter.

By Julie Strupp • Nov. 9, 2023

Microsoft-backed study shows AI investments producing returns

For every $1 companies invest in AI, they are realizing an average of $3.50 in return, the report says.

By Alexei Alexis • Nov. 8, 2023

Warehouse surge drives construction planning higher

A total of 21 projects valued at $100 million or more entered the planning stages in October, including a $215 million Google data center, according to Dodge.

By Sebastian Obando • Nov. 7, 2023

$3B in construction projects fuel downtown Detroit’s growth

Large developments, including Newlab at Michigan Central and the renovation of the Book Building skyscraper, were recently completed in the Motor City.

By Matthew Thibault • Nov. 7, 2023

Public projects fuel construction spending growth

The 0.3% jump in September marks the 16th consecutive month of gains, according to U.S. Census Bureau data.

By Sebastian Obando • Nov. 2, 2023

Israel-Hamas war could spike fuel prices, World Bank says

The outlook for commodity costs will “darken quickly” if the Mideast conflict escalates, the international lending institution said this week.

By Jennifer Goodman • Oct. 31, 2023

Ford delays construction on second Kentucky battery plant

The automaker is also delaying $12 billion in EV investments a month after it paused construction on its Michigan EV factory.

By Kate Magill • Oct. 30, 2023

Billions in deferred maintenance projects coming to US facilities

A nationwide push to address delayed upkeep on public buildings and infrastructure will create myriad opportunities for contractors, according to a consultant.

By Mary Scott Nabers • Oct. 25, 2023

Construction takes bigger bite out of the Big Apple

Building expenditures in New York City will jump 10% above pre-pandemic levels by the end of 2023 to reach $83 billion, according to a new report.

By Sebastian Obando • Oct. 19, 2023

Construction starts tumble as megaprojects, manufacturing falter

In addition, the Architecture Billings Index, a measure of future construction work, posted its lowest score since December 2020.

By Sebastian Obando • Oct. 19, 2023

Goldman Sachs, developer break ground on $500M Dallas campus

Balfour Beatty will reportedly build the all-electric facility, which comes at a time of soaring office vacancies in the city.

By Jennifer Goodman • Oct. 17, 2023

Construction input prices rise again as energy costs soar

More increases could soon follow due to conflicts in energy-producing countries, said the ABC’s chief economist.

By Matthew Thibault • Oct. 12, 2023

Backlog dips, but contractor confidence remains high

Despite firms’ stable profit margins and expanding sales, the economy faces several challenges that could affect construction, said ABC’s chief economist.

By Jennifer Goodman • Oct. 11, 2023

Top construction events for the second half of 2024

It’s time to plan ahead. Construction Dive has you covered with a full list of industry conferences, expos and meetings on tap for the rest of the year.

By Matthew Thibault • Updated April 30, 2024

10-year Treasury hits highest level since 2007

As rates skyrocket, multifamily construction deals and transactions get even harder to pencil out.

By Leslie Shaver • Oct. 10, 2023

Construction job openings inch down

The labor market appears to be cooling, but construction labor woes won’t go anywhere anytime soon, an economist says.

By Zachary Phillips • Oct. 4, 2023

Manufacturing continues to drive construction spending

An uptick in megaproject funding drove overall nonresidential outlays higher for the third consecutive month, according to U.S. Census Bureau data.

By Sebastian Obando • Oct. 2, 2023

5 construction technology firms snare funding

Three startups completed seed rounds and two established companies bolstered their coffers in recent months.

By Matthew Thibault • Sept. 27, 2023