Economy: Page 2
-
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
-
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
-
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
-
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
-
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
-
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
-
Report: Minnesota prevailing wage law doesn't bloat budgets
Peer-reviewed studies for almost 20 years have shown that the pay rule does not affect the cost of public construction projects.
By Kim Slowey • July 17, 2018
-
Debts for KFC 'Yum Center' stadium in Louisville swell to $1B
Even though the venue was completed on time and within budget, the city is on the hook for unpaid costs that increased by more than $360 million in 10 years.
By Kim Slowey • July 17, 2018
-
Report: Construction execs positive on short-term growth despite rising material prices, labor shortage
Most executives surveyed by Engineering News-Record said they believe the industry will continue to grow into 2019, but are leery about long-term growth.
By Kim Slowey • July 10, 2018
-
Deep DiveNot your average 'snowflake': Why construction educators are excited about millennials
College construction management programs are attracting entrepreneurial young people drawn to the industry’s dynamism and job opportunities.
By Kathleen Brown • June 28, 2018
-
Association: More tariffs will hurt construction, other industries
The head of the Association of Equipment Manufacturers said another $200 billion worth of duties imposed on Chinese imports would have a negative impact on the U.S. economy.
By Kim Slowey • June 21, 2018
-
Report: US construction industry has a bright future
The Equipment Leasing and Finance Foundation predicted industry growth of 5% from 2017 to 2018.
By Kim Slowey • June 18, 2018
-
Slow pay adds $40B a year to construction industry costs
Late remittance from customers adds 3.3% to total project costs, a recent report found.
By Kim Slowey • June 11, 2018
-
AGC: Construction employment up in more than 250 metros
Yet contractors report that it is still difficult to find qualified skilled workers.
By Kim Slowey • June 04, 2018
-
Canada responds in equal measure to U.S. tariffs
Canadian tariffs on $12.6 billion of U.S. goods, including steel and aluminum, went into effect on July 1, as promised.
By Kim Slowey • UPDATED: July 3, 2018 at 9:35 a.m.
-
ABC: Trump's $1.5T infrastructure plan could generate 2.6M construction jobs
The analysis found that for every $1 billion in federal construction spending, more than 6,300 jobs are created.
By Kim Slowey • May 30, 2018
-
California logs 50K construction apprentices
The state expects to have 100,000 active apprentices, many of them in the construction trades, by the end of 2020.
By Riia O'Donnell and Jean Dimeo
-
Construction M&A activity continued to expand in 2017
President Donald Trump's proposed infrastructure plan is among the forces driving mergers and acquisitions in the industry, according to a FMI Capital Advisors report.
By Kim Slowey • May 22, 2018
-
Seattle construction workers brace for possible slowdown
Despite the Washington city's building boom, its construction workers wonder how the new head tax and other factors will affect business.
By Kim Slowey • May 16, 2018
-
Competition has banks easing up on commercial lending
A Federal Reserve Board survey revealed that commercial lenders' loan standards are the most relaxed they have been in three years.
By Kim Slowey • May 15, 2018
-
April construction jobs up 17K for post-recession high
A 3.5% average wage hike is helping to recruit more experienced construction workers.
By Kim Slowey • May 08, 2018
-
Report: Construction costs continue to increase amid tariff uncertainty
The industry is looking to May 1 when the Trump administration will issue a decision on which countries will be exempt from steel and aluminum tariffs.
By Kim Slowey • April 26, 2018
-
City officials split on who should pay for $17B California Delta tunnels
Delegations from Los Angeles and San Diego voted against investing billions in the Sacramento–San Joaquin River Delta project.
By Kim Slowey • April 24, 2018
-
Los Angeles construction costs climbed most in U.S. in 2017
The 7.6% increase for the California city last year was nearly double the 4.2% average uptick the rest of the country experienced.
By Kim Slowey • April 20, 2018
-
Raiders' $2B stadium signals strong demand for sports venues
The relatively easy financing process for the Raiders' Las Vegas stadium could motivate other sports teams and cities to build new venues.
By Kim Slowey • April 19, 2018