Economy: Page 19

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    Courtesy of Associated Builders and Contractors
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    Construction input prices log biggest drop since April 2020

    December’s report marks the largest monthly decline since early in the pandemic and the smallest annual increase in nearly two years, according to ABC. But pricing pressures remain.

    By • Jan. 20, 2023
  • Walmart hires personal shoppers for the holiday 2020 season.
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    Courtesy of Walmart
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    Weak retail sales, manufacturing signal cooling economy

    The Fed’s fight against inflation, while showing some recent signs of success, may dim prospects for economic growth.

    By Jim Tyson • Jan. 19, 2023
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    Permission granted by Associated General Contractors of America
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    Trendline

    Labor

    A roundup of articles about issues affecting the workforce.

    By Construction Dive staff
  • construction at The Boro in Tysons, VA.
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    Courtesy of Associated Builders and Contractors
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    Deep Dive // 2023 OUTLOOK

    Recession watch: Why the next one will be different

    Executives from Skanska, DPR, Suffolk and others see unique characteristics in an economic slowdown this year.

    By • Jan. 18, 2023
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    The image by LittleT889 is licensed under CC BY-SA 4.0
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    Q&A

    Construction executive sees opportunity in Texas

    The executive vice president of MAPP, a Baton Rouge, Louisiana-based contractor, expects a bright future for the Sun Belt but predicts office and industrial projects will take a hit this year.

    By Julie Strupp • Jan. 18, 2023
  • Two construction workers stand as one operates a drone. The drone is in the foreground of the picture, with the two workers who wear hardhats and safety vests.
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    2023 OUTLOOK

    Contech trends to watch in the new year

    As builders adapt to economic, supply chain and labor challenges, they're turning to technology to boost performance.

    By • Jan. 11, 2023
  • Slinger in helmet and vest controls unloading of metal structures on construction site.
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    Getty Images
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    2023 OUTLOOK

    New year, new challenges for IIJA

    Inflation, labor shortages and supply chain snarls could hamper federal infrastructure act work in the coming year.

    By Julie Strupp • Jan. 10, 2023
  • Bridge connecting hospital to Mays Cancer Center, the National Cancer Institute-Designated Cancer Center at UT Health San Antonio
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    Courtesy of UT Health San Antonio
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    2023 OUTLOOK

    Sector watch: Lab, hospital projects will keep institutional building healthy

    Government stimulus will help healthcare, education and other institutional projects grow in 2023, according to a construction economist.

    By • Jan. 10, 2023
  • A person in a reflective vest and utility mask bends over their work, with unfinished concrete bridge parts in the background.
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    John Moore via Getty Images
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    2023 OUTLOOK

    What’s keeping contractors up at night?

    Supply chain chaos and an impending recession are among builders’ top concerns in 2023, according to a new survey.

    By Julie Strupp • Jan. 9, 2023
  • A rendering shows plans for two new leading-edge Intel processor factories in Licking County, Ohio.
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    Courtesy of Intel
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    2023 OUTLOOK

    Sector watch: Overall commercial starts to tumble this year

    Manufacturing and data center projects will prop up U.S. construction as work slows on retail projects, warehouses and offices.

    By • Jan. 9, 2023
  • Aerial view of planes and airport infrastructure.
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    Mario Tama via Getty Images
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    New York-area infrastructure gets a boost from $8.3B Port Authority budget

    The 2023 approved capital budget includes $2.9 billion to redevelop three major airports and replace the Midtown Bus Terminal in New York City.

    By • Jan. 3, 2023
  • Lumber supplies sit on shelves in a construction supply store.
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    2023 OUTLOOK

    Inflation 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
  • rendering of the Harbor-UCLA Medical Center campus
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    Courtesy of Harbor-UCLA Medical Center
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    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 • Dec. 21, 2022
  • Jerome Powell, testimony, U.S. House, Financial Services Committee
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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
  • One of MYCON's industrial building projects
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    Courtesy of MYCON General Contractors
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    Q&A

    Dallas 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 • Dec. 13, 2022
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    Tom Shaw via Getty Images
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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 • Dec. 12, 2022
  • ABC construction at The Boro in Tysons, VA
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    Courtesy of Associated Builders and Contractors
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    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 • 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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    Getty Images
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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 • 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 • Dec. 7, 2022
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    Getty Images
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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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    Getty Images
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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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    Getty Images
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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
  • Construction workers in the background, while a laptop and office supplies are in the foreground.
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    Getty Images
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    Q&A

    VC 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 • Nov. 30, 2022
  • Samsung's existing semiconductor manufacturing facility in Austin, Texas.
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    Courtesy of Samsung
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    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 • Nov. 30, 2022
  • Grey and yellow freight rail cars sit in a rail yard with a line of railroad tracks between them.
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    Mario Tama via Getty Images
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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