Economy: Page 2


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    Chris Jackson / Staff via Getty Images

    Biden announces actions to boost US supply chain resiliency

    "​​​​​Now that we have seen how vulnerable these lines of global commerce can be, we cannot go back to business as usual," the president said at the G20 Summit in Rome.

    By Colin Campbell • Nov. 3, 2021
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    Permission granted by Miami University

    These 3 construction-related majors provide the most bang for the buck

    A new analysis of college degrees with high salaries and strong job security shows several of the best bets are in the construction industry.

    By Nov. 3, 2021
  • Trendline

    Labor

    A roundup of articles about issues affecting the workforce.

    By Construction Dive staff
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    Permission granted by Adolfson & Peterson
    Q&A

    Locking in materials costs and trade partners early helps A&P mitigate shortages

    Adolfson and Peterson is securing materials and subs before projects begin, according to division president Will Pender.

    By Nov. 2, 2021
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    Scott Olson via Getty Images

    US, EU reach agreement to ease steel and aluminum tariffs

    Despite the good news, Canadian lumber tariffs are still driving up costs for builders, NAHB Chair Chuck Fowke said.

    By Sarah Zimmerman • Nov. 2, 2021
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    Kena Betancur via Getty Images

    Granite posts flat revenue amid competitive bidding environment

    The California-based contractor said issues such as high material costs, uncertainty over public funding and labor shortages are creating a dim outlook.

    By Oct. 29, 2021
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    Anna Moneymaker/Getty Images via Getty Images

    Is 'Striketober' the moment construction unions have been waiting for?

    The convergence of worker shortages, supply chain snarls and vaccine mandates could give labor the upper hand at the bargaining table, experts say.

    By Oct. 28, 2021
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    Adeline Kon/Construction Dive
    Deep Dive

    Construction's career crisis: Recruiters target young workers driving the Great Resignation

    An increasing number of job seekers are open to something new. The trouble is, few are likely to set their sights on construction.

    By Ryan Golden • Oct. 25, 2021
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    Justin Sullivan via Getty Images

    Backlog inches lower as material, labor worries weigh on contractors

    Shortages of components such as copper and PVC pipes are slowing the industry's growth, according to new economic reports.

    By Oct. 22, 2021
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    Courtesy of HITT Contracting

    HITT hands out COVID-19 bonuses of up to $10,000

    The company said that the checks were gestures of appreciation for its employees, who worked in-person throughout the pandemic.

    By Oct. 21, 2021
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    Permission granted by Built Robotics

    The country's top 25 specialty contractors

    Pandemic-related impacts, high materials prices and labor shortages led to a loss of $5.4 billion in revenue, per a new analysis of the subcontractor market.

    By Oct. 20, 2021
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    "Yantian port from above" by Gigel.atat is licensed under CC BY-SA 4.0
    Deep Dive

    After years of 'Made in China,' suppliers look to alternatives

    The risks of single sourcing from China have been brewing for years, but they bubbled up even more during the COVID-19 pandemic.

    By Shefali Kapadia • Oct. 19, 2021
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    Danielle Ternes/Construction Dive
    Deep Dive

    Pricing insanity: Material costs escalate, driving contractor desperation

    Amid unprecedented supply chain challenges, firms locked into contracts based on last year's prices are feeling the heat.

    By Robyn Griggs Lawrence • Oct. 18, 2021
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    Courtesy of Robby Brown + Sundt Construction

    Steel, roofing materials shortage hamstrings construction

    Rising costs, tight supplies and monthslong lead times have pushed companies to delay projects or find substitutes.

    By Sarah Zimmerman • Oct. 12, 2021
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    Justin Sullivan via Getty Images

    The top 10 home building companies of 2021

    Residential construction is booming. Here is where it's the hottest and which contractors are cashing in the most.

    By Oct. 11, 2021
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    Courtesy of Intel

    Intel breaks ground on 2 Arizona chip plants worth $20B

    The company plans to gain ground via U.S-based manufacturing in the face of a massive semiconductor shortage.

    By Oct. 6, 2021
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    Julie Bennett / Stringer via Getty Images

    Alabama to use COVID-19 relief to help construct $1.3B worth of prisons

    Gov. Kay Ivey has received sharp criticism for her use of American Rescue Plan funds, including an appeal to the Treasury Department to halt the move.

    By Oct. 6, 2021
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    Courtesy of Missouri Department of Transportation

    FMI predicts design-build will continue to grow, despite tough economic environment

    Increased demand and spending is on the horizon for the delivery method, even as the COVID-19 pandemic continues, a new study found.

    By Oct. 5, 2021
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    Retrieved from morebyless.

    Construction's top stories by the numbers

    From top commercial contractors to tax-saving strategies and the priciest sports venues of all time, here is a roundup of nine of Construction Dive's most-read stories this year.

    Oct. 1, 2021
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    Courtesy of Ohio State University

    The 7 biggest megaprojects that have broken ground this year

    Each of these builds, ranging from office towers to arenas, cost over $1 billion.

    By Oct. 1, 2021
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    Permission granted by James Kim Photography + PC Construction

    Shortages have created a 'traffic jam' in construction: Lennar

    A lack of labor and items, including vinyl siding and wood windows, are delaying production and creating "a game of whack-a-mole" for the industry.

    By Sarah Zimmerman • Sept. 27, 2021
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    George Frey/Stringer via Getty Images

    Contractors lost $1.8 trillion globally in 2020 due to bad data, new report says

    Bad data also may have caused 14% of all rework, accounting for $88 billion in losses, per Autodesk and FMI Consulting's survey.

    By Sept. 22, 2021
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    Justin Sullivan via Getty Images

    Contractors find new ways to cope with elevated lumber prices

    Although material price fluctuations have wreaked havoc on construction, labor has become the dominant source in driving costs, experts say.

    By Sept. 16, 2021
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    Retrieved from Jeremy Gilbert/Flickr.

    Delta variant 'significantly' slowing construction recovery, economist says

    Two new reports point to the pandemic-related factors that have caused commercial construction spending to decline 4.2% since last year.

    By Sept. 2, 2021
  • Opinion

    Why recovery won't come easily for small and medium-sized construction firms

    Contractors must invest in digital technologies and clean up their balance sheets in order to benefit from the coming post-pandemic boom, writes a contech executive.

    By Zaid Rahman • Sept. 1, 2021
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    Permission granted by Superior Construction
    Q&A

    Keeping workers safe on civil jobs

    Infrastructure work, especially for projects involving moving traffic, is dangerous. It's crucial to recruit workers who are committed to safety.

    By Aug. 31, 2021