Economy: Page 2

  • A man in a suit and an orange safety vest uses a tablet on a construction site. The user is in the foreground and clear, the background is blurred.
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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 • Feb. 15, 2023
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    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 • Feb. 15, 2023
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    Permission granted by Associated General Contractors of America
    Trendline

    Labor

    A roundup of articles about issues affecting the workforce.

    By Construction Dive staff
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    Sean Pavone / iStock / Getty Images Plus via Getty Images

    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 • Feb. 13, 2023
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    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 • Feb. 9, 2023
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    The image by Nicolas Henderson is licensed under CC BY 2.0

    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 • Feb. 8, 2023
  • U.S. President Joe Biden delivers his State of the Union address during a joint meeting of Congress in the House Chamber of the U.S. Capitol on February 07, 2023 in Washington, DC.
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    Win McNamee via Getty Images

    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 , • Feb. 8, 2023
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    drnadig via Getty Images

    House bill aims to create lending institution for infrastructure projects

    The Federal Infrastructure Bank would be fueled by private investments.

    By • Feb. 7, 2023
  • Highway sign with the word "recession next exit" on it.
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    ZargonDesign via Getty Images

    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
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    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 • Feb. 2, 2023
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    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 • Feb. 1, 2023
  • New homes construction site. Framed houses. Lumber. Building. - stock photo.
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    fstop123 via Getty Images

    ‘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 • Feb. 1, 2023
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    "Iowa State Capitol, Des Moines" by Dan Brekke is licensed under CC BY 2.0

    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
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    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 • Jan. 25, 2023
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    CHUNYIP WONG / iStock / Getty Images Plus via Getty Images

    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 • Jan. 25, 2023
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    Maudib via Getty Images

    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
  • Slinger in helmet and vest controls unloading of metal structures on construction site.
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    Sergey Pakulin via Getty Images

    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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    Courtesy of Associated Builders and Contractors

    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

    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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    Courtesy of Associated Builders and Contractors
    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
    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 • Jan. 18, 2023
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    Natnan Srisuwan via Getty Images
    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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    Sergey Pakulin via Getty Images
    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 • 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
    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
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    John Moore via Getty Images
    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 • 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
    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