Economy: Page 2

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May 2, 2022

Granite posts nearly 20% quarterly revenue loss as it works through less profitable projects

The California company's CEO is optimistic about shifting away from large, complicated builds and expects a boost from the infrastructure act.

By Julie Strupp • April 29, 2022

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Labor

A roundup of articles about issues affecting the workforce.

By Construction Dive staff

Kansas City IUPAT accepts contract, largest pay increase in 17 years

Union painters in Missouri went on strike for eight days, demanding higher wages from a construction employment group.

By Zachary Phillips • April 21, 2022

Economic headwinds threaten construction's spring recovery

A busy winter and pent-up demand have accelerated supply chain problems for U.S. contractors like Turner and Messer.

By Jen A. Miller • April 20, 2022

What contractors that work in Russia need to know

The invasion of Ukraine has set off multiple crises. How should U.S. construction firms that work in Russia deal with these issues?

By Anazette Ray and Michael Vardaro • April 18, 2022

Diesel price surge fuels construction inflation alert

AGC Chief Economist Ken Simonson issued his seventh price warning in 13 months, marking an unprecedented rise in costs, but contractors' bid prices have yet to catch up. 

By Joe Bousquin • April 13, 2022

North American crane count increases 4.74%

Rider Levett Bucknall's most recent crane index, an indicator for construction's economic health, made up for losses from last year.

By Zachary Phillips • Updated April 8, 2022

Contech companies' revenue booms amid pandemic, supply chain issues

Firms of all sizes have prospered since COVID-19 challenges pushed contractors toward wider tech adoption.

By Matthew Thibault • April 6, 2022

By the numbers: Biden's budget priorities for transportation

A proposal to spend $3 billion in freight and highway projects is among the president's requests to Congress.

By Colin Campbell • April 5, 2022

Destruction to Ukraine's infrastructure estimated at $63B

Roads have been most damaged at $27.5 billion, according to a Kyiv School of Economics analysis, followed by housing and civilian airports.

By Julie Strupp • April 5, 2022

More inflation, recession ahead: construction economist

Supply chain issues will persist for years, but commodity pricing relief is on the horizon, predicts Associated Builders and Contractors' Anirban Basu.

By Joe Bousquin • April 4, 2022

Biden pushes 28% corporate tax rate

Companies should prepare for new or higher corporate taxes in light of President Joe Biden's 2023 budget proposal, experts say.

By Maura Webber Sadovi • April 1, 2022

US eases tariffs on UK steel and aluminum

The deal will partially lift tariffs on steel and aluminum exports from the U.K. beginning June 1.

By Sarah Zimmerman • March 24, 2022

Cemex Ventures launches 6th edition of contech competition

Winners will receive invitations to pitch their products to investors.

By Matthew Thibault • March 23, 2022

Bidding wars break out in NY while San Fran multifamily properties struggle

The major coastal metros are following different paths to recovery.

By Leslie Shaver • March 23, 2022

Gas tax suspension would erode infrastructure funding, road builders say

Six Democratic governors put forward a bill to pause the tax, as gas prices climb due to inflation and Russia's invasion of Ukraine.

By Julie Strupp • March 22, 2022

5 steps to transfer a construction business to a family member

Succession planning can be complicated, but these tips will smooth the process, writes a corporate strategy expert.

By Frank Williamson • March 22, 2022

Utah's tallest high-rise project under construction

The 372-unit Astra Tower, a luxury apartment building developed by Kensington Investment Co., is set to open in 2024.

By Mary Salmonsen • March 18, 2022

Balfour Beatty profits rise, revenue dips as company focuses on future of infrastructure

The builder emphasized a strong backlog and increased its share buyback plan.

By Matthew Thibault • March 10, 2022

Inflation, material delays, labor issues: Pros face a trifecta of pricing woes

Construction costs are rising as much as 30% from the time a project is bid on until it is complete, one expert told Construction Dive.

By Chris Barnett • March 4, 2022

Public construction firms announce earnings

Several of these industry giants reported losses in their most recent financial periods while others saw profits fall.

March 1, 2022

Ukraine war 'likely to have multiple effects' on materials prices

Inflation is casting shadows over how much the $1.2 trillion in the Infrastructure Investment and Jobs Act can ultimately accomplish.

By Joe Bousquin • March 1, 2022

Russia's invasion of Ukraine throws another wrench into supply chains

Carriers are halting operations and suppliers are at risk. War is "a worst-case scenario," one analyst said.

By Colin Campbell • Feb. 25, 2022

New report details how states are spending $350B from the American Rescue Plan

Infrastructure, prisons and broadband are three categories that are already receiving funding.

By Joe Bousquin • Feb. 24, 2022

Hoarding, ghost orders and pop-up warehouses: construction's new supply chain playbook

Material prices have hit a 35-year high. Here's what contractors are doing to survive inflation.

By Joe Bousquin • Feb. 23, 2022