Economy: Page 17
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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 -
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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 -
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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 -
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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 -
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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 -
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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 -
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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 -
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9 of the year’s top construction stories
The economy, lawsuits, labor challenges and supply chain woes: These are the topics that have resonated most with readers in 2022.
By Construction Dive Staff • Dec. 1, 2022 -
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Did the pandemic really kill just-in-time? Experts weigh in.
Supply chain pros say the lean operating model may need to make a comeback to maintain resilience while keeping costs down.
By Sarah Zimmerman • Dec. 1, 2022 -
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Q&AVC firm launches $52M fund for contech, real estate
Max Brickman, managing director of Heartland Ventures, said contech will ride construction’s unmet demand to become a leading sector in the overall tech space.
By Matthew Thibault • Nov. 30, 2022 -
Courtesy of Samsung
Commercial real estate downturn to slow construction starts in 2023
Dodge Chief Economist Richard Branch expects pullbacks in the warehouse, office, hotel and retail sectors.
By Sebastian Obando • Nov. 30, 2022 -
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Biden calls on Congress to prevent rail shutdown
A rail workers’ strike would carry devastating consequences for the economy and compound supply chain woes, business leaders say.
By Sarah Zimmerman • Nov. 29, 2022 -
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Diesel’s big price jump puts pressure on contractors
The quadrupling of the fuel's price has both caused and been exacerbated by supply-side kinks as project costs climb.
By Sebastian Obando • Updated Nov. 30, 2022 -
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ABI breaks bad in October
Design work on architects' boards slowed considerably after nearly two years of growth.
By Joe Bousquin • Nov. 22, 2022 -
Permission granted by Associated Builders and Contractors
U.S. will ‘narrowly avoid recession’: Goldman Sachs
The Fed will slow the pace of tightening next month and early next year but won’t cut the federal funds rate until Q2 2024, Goldman Sachs predicted.
By Jim Tyson • Nov. 21, 2022 -
Courtesy of Texas Instruments
Total construction starts jump 8% following 2-month decline
Nonresidential and nonbuilding starts led the increase, while residential starts tumbled, according to the Dodge Construction Network report.
By Sebastian Obando • Nov. 17, 2022 -
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Construction input prices creep higher
Despite the climb in nonresidential input costs, most materials saw month-to-month decreases, per an Associated Builders and Contractors analysis.
By Matthew Thibault • Nov. 17, 2022 -
Permission granted by Associated Builders and Contractors
Backlog falls below pre-pandemic level, optimism lingers
Backlog in the commercial and institutional category posted its largest monthly decline since July 2020, according to Associated Builders and Contractors.
By Sebastian Obando • Nov. 15, 2022 -
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AECOM beats on earnings, misses on revenue
The firm's CEO said slower-than-expected IIJA funding has pushed back the timeline of infrastructure construction projects.
By Joe Bousquin • Nov. 15, 2022 -
ilkercelik via Getty Images
Construction’s supply chain outlook: more shortages, price hikes ahead
Analysts and contractors break down prices and lead times for concrete, cement, steel, lumber, insulation, drywall and HVAC equipment in the coming year.
By Sebastian Obando • Nov. 14, 2022 -
Michael M. Santiago via Getty Images
WSP posts rosy Q3 revenue and backlog, increases guidance
The Montreal-based mega contractor also reported massive workforce growth in the past year, due in large part to its acquisition spree.
By Julie Strupp • Nov. 10, 2022 -
Sergey Pakulin via Getty Images
CRE developers reveal their biggest challenges for 2023
“If you’re in real estate, you are in a recession,” said the author of a new study looking at the main drivers of anxiety among owners.
By Sebastian Obando • Nov. 10, 2022
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