Economy: Page 18
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Courtesy of Associated Builders and Contractors
Economists push back estimated recession date: NABE
Data on the housing market, employment, manufacturing and other measures of economic performance challenge predictions of imminent recession.
By Jim Tyson • March 3, 2023 -
Permission granted by Associated Builders and Contractors
Manufacturing sector props up construction spending
Nonresidential construction spending moved higher in January largely due to massive manufacturing-related projects.
By Sebastian Obando • March 2, 2023 -
Explore the Trendline➔
Permission granted by Associated General Contractors of America
TrendlineLabor
A roundup of articles about issues affecting the workforce.
By Construction Dive staff -
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Could tech workers find a home in multifamily?
As multifamily firms embrace automation, there may be room for professionals who were recently laid off.
By Leslie Shaver • March 1, 2023 -
Mario Tama via Getty Images
Buy America provisions can improve construction lead times — for a price
About one-third of materials used in U.S. projects are made overseas. A make-it-here push would further raise already high costs.
By Sebastian Obando • Feb. 28, 2023 -
US hits Russia with 200% aluminum tariff
The Biden administration also announced $2.7 billion in new duties on other industrial goods as the war in Ukraine passes the one-year mark.
By Ben Unglesbee • Feb. 27, 2023 -
Courtesy of Office of Gov. Kathy Hochul
‘Impossible to build’: Vornado postpones NYC development
Flagging demand for office space, high interest rates and unfavorable capital markets have led the REIT to rethink its Penn Station project.
By Sebastian Obando • Feb. 24, 2023 -
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Construction starts plummet 27%
The latest monthly numbers fell dramatically and were down 14% from a year ago, but market watchers say fundamentals are still strong.
By Joe Bousquin • Feb. 22, 2023 -
Courtesy of Associated Builders and Contractors
Material prices back on the rise
An elevated producer price index indicates the economy remains overheated, said Anirban Basu, chief economist of Associated Builders and Contractors.
By Sebastian Obando • Feb. 17, 2023 -
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Residential contractors see a rebound on the horizon
Easing mortgage rates caused builder confidence to jump for the second consecutive month, according to the National Association of Home Builders.
By Sebastian Obando • Feb. 16, 2023 -
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Construction technology funding holds steady at nearly $5.4B
North America and Europe dominated the contech market last year, according to a new report by Cemex Ventures.
By Matthew Thibault • Feb. 15, 2023 -
Courtesy of Associated Builders and Contractors
Contractors confident in the face of falling backlog
New work declined in January but remains one month higher than this time last year, per a new Associated Builders and Contractors report.
By Sebastian Obando • Feb. 15, 2023 -
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Construction prices fall in some cities: Mortenson
Costs for projects in Milwaukee and Minneapolis shrank last quarter, while those in Phoenix were still on the rise.
By Joe Bousquin • Feb. 13, 2023 -
Courtesy of Boldt
Commercial construction planning falls after months of gains
Despite a dip in the Dodge Momentum Index, levels of building activity remain comparatively strong.
By Sebastian Obando • Feb. 9, 2023 -
AECOM profit grows on expanding backlog from city, state projects
The Dallas-based firm said many of its government clients have flush rainy day funds ahead of expected increases in infrastructure spending over the next several years.
By Joe Bousquin • Feb. 8, 2023 -
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Biden details ‘Buy America’ plan in State of the Union
The president listed some of the types of materials and federally funded projects that would fall under his standard.
By Jennifer Goodman , Zachary Phillips • Feb. 8, 2023 -
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House bill aims to create lending institution for infrastructure projects
The Federal Infrastructure Bank would be fueled by private investments.
By Jennifer Goodman • Feb. 7, 2023 -
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US business leaders anticipate rampant budget cuts
A new study shows that companies are planning as if a recession will happen, even if there are mixed views about the economy.
By Alexei Alexis • Feb. 6, 2023 -
Mario Tama via Getty Images
Nonresidential spending falls 0.5%
Despite strong construction starts, both private and public outlays were down for the last month of 2022.
By Joe Bousquin • Feb. 2, 2023 -
Joe Raedle via Getty Images
Florida contractor files for Chapter 11
Supply chain disruptions, inflation and labor shortages are causing major headaches for firms with fixed-price contracts, leading some into bankruptcy, attorneys say.
By Sebastian Obando • Feb. 1, 2023 -
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‘Recession is underway’ for home builders
The downturn will expand to the rest of the U.S. economy this year via slowing economic output and rising job losses, the NAHB’s chief economist said Tuesday.
By Jennifer Goodman • Feb. 1, 2023 -
Several states cut corporate tax rates for 2023
Many states are competing for businesses by reducing corporate tax rates as of Jan. 1, the Tax Foundation said.
By Jim Tyson • Jan. 26, 2023 -
Permission granted by Intel
Intel cancels $700M Oregon lab project
The tech giant planned to use the 200,000-square-foot facility to study sustainable technologies for data centers.
By Sebastian Obando • Jan. 25, 2023 -
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2023 begins with ‘positive momentum’ for construction
December project starts grew 27%, the first end-of-year monthly gain since 2017, according to Dodge.
By Joe Bousquin • Jan. 25, 2023 -
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3 reasons why labor, material and land prices may ease for multifamily developers
The cost of building new apartments should moderate this year, experts say.
By Leslie Shaver • Jan. 24, 2023 -
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2023 construction outlook roundup: Proceed with caution
As they look to the year ahead, contractors want to know how frayed supply chains, inflation and labor shortages will affect their business.
By Construction Dive Staff • Jan. 23, 2023
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