Economy: Page 2
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Dodge: Value of September construction starts falls 5%
Despite major fluctuations like the 38% drop in office construction and 36% surge in manufacturing, chief economist Robert A. Murray said starts are settling back to last year's levels.
By Kim Slowey • Oct. 19, 2018
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How the midterm elections will impact the construction industry
The course of infrastructure funding, immigration policy, the U.S.-Mexico border wall and local mega-projects could be decided by which Congressional and gubernatorial candidates win in November.
By Kim Slowey • Oct. 18, 2018
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Fluor stock falls 17% on disappointing Q3 revenue estimates
The firm said that multimillion-dollar charges on two troubled projects put a dent in its projected third-quarter revenue, which falls short of analysts' forecasts.
By Kim Slowey • Oct. 12, 2018
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Covestro announces EU1.5B investment in Houston-area plant
The German polymer supplier chose to expand its Baytown, Texas, site — which already employs 1,000 — due to the area's low costs and existing infrastructure.
By Kim Slowey • Oct. 12, 2018
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Report: International construction market output to hit $13 trillion by 2022
Potential global headwinds include fallout from the U.S.-China trade war and increased borrowing costs, although interest rates are still near all-time lows in many parts of the world.
By Kim Slowey • Oct. 11, 2018
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AGC: Hourly construction wages exceed $30 for first time ever
Wages are 10.7% higher than the average for private nonfarm earners, but still might not be enough to lure workers and adequately staff projects, experts say.
By Kim Slowey • Oct. 10, 2018
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What you need to know about HR and recruiting in construction
Construction Dive takes an in-depth look at the industry's labor shortage and best practices for recruiting and retaining talent.
By Construction Dive Editors
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Deep Dive
How to protect and retain immigrant workers
Awaiting President Donald Trump's next policy move, construction executives underscore the economic contributions of foreign-born workers, who make up 25% of the workforce, while unions and others call for better safeguards against wage theft and jobsite injury.
By Kathleen Brown • Sept. 24, 2018
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What you need to know about talent management
The most underestimated tool in the HR toolbox may be your front-line managers — and forward thinking HR pros are making manager development a key part of their business strategy.
By Kathryn Moody
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How states are tackling the labor shortage
From Oregon to Virginia, coalitions, programs and more are targeting students and educators with a message that the trades are viable career pathways.
By Laurie Cowin • Sept. 24, 2018
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Technology can ease the labor shortage, survey says
Not only can technology increase productivity and profitability, it also can attract talent and help retain younger workers, a recent Associated General Contractors of America and Autodesk report showed.
By Laurie Cowin • Sept. 12, 2018
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SponsoredHow seasoned construction pros handle the cost of scaling up
An upturn in home-buying and commercial development is a boon for the construction industry, but the pressure to grow can squeeze construction companies grappling with cash flow, expenses and expansion.
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AGC-Autodesk survey: Labor shortage has industry at a 'tipping point'
With the "significant and widespread" problem delaying projects and increasing construction costs, the "time to act is now."
By Laurie Cowin • Aug. 31, 2018
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Tariffs rain on Seattle's building boom
The extra duties on steel and aluminum are forcing developers in several other markets as well to expand their budgets, according to a large construction firm's cost index tracker.
By Kim Slowey • Aug. 27, 2018
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Dodge: July construction starts down 9%
It's a significant drop from June, when several large projects buoyed nonresidential activity to a 2018 high that an analyst called unsustainable.
By Kim Slowey • Aug. 23, 2018
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Dodge: 2018 so far a mixed bag for commercial, multifamily starts
A robust multifamily market, which balanced an almost equal downturn on the commercial side, helped prop up overall starts in the first six months of 2018.
By Kim Slowey • Aug. 13, 2018
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AIA predicts nonresidential spending growth through 2019
The Consensus Construction Forecast Panel said spending in the commercial/industrial sector will outpace institutional outlays by 2.2% in 2018, but that institutional will take the lead in 2019.
By Kim Slowey • Aug. 10, 2018
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St. Louis sees a $750M hotel construction boom
The growth is being driven by demand from the city's burgeoning tech industry and a desire to draw in more convention business.
By Kim Slowey • Aug. 06, 2018
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Tech still not on minds of many CEOs, survey shows
Construction executives' bearish take on technology will continue in the coming year, according to Vistage's Q2 2018 CEO Confidence Index Survey.
By Joe Beeton • Aug. 01, 2018
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Dodge: High-rise construction ebbs, flows with economy
From 2013 through 2017, only 10 cities saw 50 or more 10-story-plus buildings break ground, with New York City leading and Miami at a distant second.
By Kim Slowey • July 31, 2018
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Survey: 72% of construction CEOs expect to increase revenue this year
Construction execs also outpaced the national average when it came to plans to expand their workforce in the coming year, according to the Q2 Vistage CEO Confidence Index report.
By Kim Slowey • July 31, 2018
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Office construction could start slowing in 2019, report says
The brisk pace of office construction has put some metros like Nashville in danger of overbuilding, according to Cushman & Wakefield.
By Kim Slowey • July 27, 2018
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Nonresidential construction slowed in the first half of 2018
Industrial and engineering projects climbed from last year's numbers, according to ConstructConnect, but commercial construction starts slowed.
By Laurie Cowin • July 26, 2018
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Dallas-Fort Worth No. 2 in construction starts
From January to May 2018, the value of the Texas region's new projects totaled $8.8 billion, behind New York City metro area's $15 billion.
By Kim Slowey • July 25, 2018
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Nonresidential construction sector healthy, stable — for now
An Associated Builders and Contractors report said the robust industry could, however, see a downturn by 2020 due to rising interest rates and material prices and the ongoing labor shortage.
By Laurie Cowin • July 24, 2018