Economy: Page 19

  • Aerial view of London
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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
  • Construction site Explore the Trendline➔
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    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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    Blue Planet Studio via Getty Images
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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
  • Workers talking at construction site reviewing plans
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    ljubaphoto via 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
  • A lot of cranes are building tall buildings.
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    Maria Turova via Getty Images
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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
  • A new building is being constructed with use of tower crane
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    ilkercelik via 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 • Dec. 6, 2022
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    ilkercelik via 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
  • People at work in a large warehouse full of boxes.
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    kupicoo via 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
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    Paul Bradbury via 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
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    Ron and Patty Thomas via Getty Images
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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 • Updated Nov. 30, 2022
  • A tape measure and level sit on site plans.
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    skynesher/E+ via Getty Images
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    ABI breaks bad in October

    Design work on architects' boards slowed considerably after nearly two years of growth. 

    By • Nov. 22, 2022
  • construction at The Boro in Tysons, VA
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    Permission granted by Associated Builders and Contractors
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    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
  • Rendering of Texas Instruments semiconductor plant in Sherman, Texas
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    Courtesy of Texas Instruments
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    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 • Nov. 17, 2022
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    kali9 via Getty Images
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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 • Nov. 17, 2022
  • construction at The Boro in Tysons, VA
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    Permission granted by Associated Builders and Contractors
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    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 • Nov. 15, 2022
  • Street signs for the intersection of Wall St. and Broad St., with the stripes of an American flag in the background.
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    Michael Santiago/Getty Images via Getty Images
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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 • Nov. 15, 2022
  • A new building is being constructed with use of tower crane
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    ilkercelik via Getty Images
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    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 • Nov. 14, 2022
  • People walk away from the silver and glass Penn Station entrance.
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    Michael M. Santiago via Getty Images
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    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 • Nov. 10, 2022
  • Slinger in helmet and vest controls unloading of metal structures on construction site.
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    Sergey Pakulin via Getty Images
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    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 • Nov. 10, 2022
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    skodonnell via Getty Images
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    Late payments cost construction industry $208B in 2022: report

    Amidst a turbulent economic climate, delayed payments are leading to project holdups and work stoppages, according to respondents of a new survey.

    By • Nov. 10, 2022
  • Team of one women architect and two men architects on a construction site. They are looking at blueprint. They are discussing about their project. Shot from above.
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    vitranc via Getty Images
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    Top 10 causes of construction claims

    Firms need to turn to technology to help avoid issues like scope changes and incomplete design, according to a new report.

    By • Nov. 2, 2022
  • ABC Construction at The Boro on Thursday, June 28 in Tysons, VA.
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    Permission granted by Associated Builders and Contractors
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    Investment in structures tumbles in Q3

    Real nonresidential investment posted its steepest decline since the second quarter of 2020, even as the U.S. economy expands, according to an Associated Builders and Contractors report.

    By • Nov. 1, 2022
  • An overhead view of waterfront offshore wind turbine construction.
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    Courtesy of Skanska USA
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    Skanska profits dip as backlog rises

    Amid economic uncertainties, CEO Anders Danielsson said commercial construction work and bookings remain strong.

    By • Oct. 31, 2022