Economy: Page 2


  • Two construction workers look at a phone
    Image attribution tooltip
    iStock/Katarzyna Bialasiewicz via Getty Images
    Image attribution tooltip

    Construction job openings drop 42% YOY as labor churn accelerates

    Demand for construction workers has softened in recent months amid uncertainty stemming from President Donald Trump’s tariffs.

    By March 17, 2025
  • A long underground tunnel, dimly lit, is filled with all manner of construction equipment.
    Image attribution tooltip
    Courtesy of HS2
    Image attribution tooltip

    Balfour Beatty wary of tariffs amid profit dip

    The London-based builder reported a jump in U.S. backlog and continues to see value in infrastructure work, but increased material prices could cause more pain.

    By March 14, 2025
  • Newly-installed solar panels face the sky at the construction site of a new solar energy park as wind turbines spin behind in Germany.
    Image attribution tooltip
    Sean Gallup via Getty Images
    Image attribution tooltip

    IRA credits, energy demand continue to drive renewables investments

    Despite the Trump administration’s focus on fossil fuels and opposition to the IRA, analysts anticipate the renewables market will continue benefiting from high energy demand.

    By Diana DiGangi • March 14, 2025
  • Construction workers help build a condo tower using steel rebar on Feb. 10, 2025, in Miami, Fla.
    Image attribution tooltip
    Joe Raedle/Getty Images via Getty Images
    Image attribution tooltip
    Economic Reports

    Nonresidential construction prices notch ‘far-too-hot’ 9% annualized gain

    Goosed by trade fears and rising iron, steel and lumber costs, inputs are likely to post year-over-year jumps for 2025, according to Associated Builders and Contractors.

    By March 13, 2025
  • Protesters rally outside of the Theodore Roosevelt Federal Building.
    Image attribution tooltip
    Alex Wong via Getty Images
    Image attribution tooltip
    Deep Dive

    How DOGE will impact Washington, DC-area apartment owners

    Cuts to the federal workforce have multifamily pros wondering about potential effects on one of the country's hottest markets.

    By Leslie Shaver • March 13, 2025
  • Construction continues on a mixed-use apartment complex in Los Angeles
    Image attribution tooltip
    Mario Tama/Getty Images via Getty Images
    Image attribution tooltip
    Economic Reports

    Large construction firms expand backlogs as smaller firms struggle

    The amount of work on builders’ books highlights a growing divide between contractors based on size, according to Associated Builders and Contractors.

    By March 12, 2025
  • Construction workers with masks working during the COVID-19 pandemic
    Image attribution tooltip
    Joe Raedle/Getty Images via Getty Images
    Image attribution tooltip
    Deep Dive

    5 years after COVID hit, contractors still wait for prices to come down

    Although supply chains have rebounded, material costs are 40% higher than before the global pandemic started, and new tariffs could bring more hikes.

    By March 11, 2025
  • A construction worker builds support column
    Image attribution tooltip
    Joe Raedle/Getty Images via Getty Images
    Image attribution tooltip
    Economic Reports

    February 2025 economic roundup

    Indicators still point to overall strength in construction, but short-term headwinds could derail that positivity.

    By March 11, 2025
  • A professional podcast mic hangs in the foreground in an orange room with an "on air" sign in the background.
    Image attribution tooltip
    avdyachenko via Getty Images
    Image attribution tooltip

    Top construction-related podcasts

    The AEC industry boasts a vast offering of informative, on-demand programs. Here are some to add to your playlist.

    By Updated March 27, 2025
  • A colorful stock market ticker
    Image attribution tooltip
    lucadp via Getty Images
    Image attribution tooltip

    Public builders bullish on infrastructure, data centers, energy

    Executives largely brushed off tariff and policy concerns on their latest round of earnings calls.

    By Construction Dive Staff • March 10, 2025
  • Construction workers build a mixed-use apartment complex
    Image attribution tooltip
    Mario Tama/Getty Images via Getty Images
    Image attribution tooltip
    Economic Reports

    More private construction projects face delays

    Non-public work posted a 36.7% jump year over year in on-hold activity, according to the latest Project Stress data from ConstructConnect.

    By March 6, 2025
  • Wall Street
    Image attribution tooltip
    Michael M. Santiago via Getty Images
    Image attribution tooltip

    Tutor Perini unfazed by Trump’s tariff, funding actions

    New CEO Gary Smalley said on a recent earnings call that he will focus on returning to profitability and that he doesn’t think the firm’s projects will be defunded.

    By March 4, 2025
  • A wall surrounds a construction site on the UCSF Parnassus campus.
    Image attribution tooltip
    Justin Sullivan/Getty Images via Getty Images
    Image attribution tooltip
    Economic Reports

    Construction spending stalls despite data center boom

    A slight uptick in January was “far from encouraging,” according to ABC’s chief economist.

    By March 4, 2025
  • President Donald Trump takes a question from a reporter
    Image attribution tooltip
    Andrew Harnik/Getty Images via Getty Images
    Image attribution tooltip

    Trump’s new tariffs add pressure to construction pipeline

    Higher fees on materials from Canada, Mexico and China will further squeeze project budgets and likely lead to delays and cancellations.

    By March 4, 2025
  • Wall street sign in New York City with New York Stock Exchange background
    Image attribution tooltip
    lucky-photographer via Getty Images
    Image attribution tooltip

    MasTec positions itself for oil and gas ‘renaissance’

    The Coral Gables, Florida-based specialty contractor’s CEO said the company is positioned to capitalize on demand for energy and telecommunications infrastructure work.

    By March 3, 2025
  • Freight rail cars carrying lumber sit on rail tracks
    Image attribution tooltip
    Mario Tama via Getty Images
    Image attribution tooltip

    Trump orders review of wood supply chain

    Over the next year, various U.S. departments will assess whether tariffs, quotas or updated permitting processes could help limit the country’s reliance on foreign timber and lumber.

    By Edwin Lopez • March 3, 2025
  • Wall Street sign with U.S. flags in background
    Image attribution tooltip
    lucky-photographer via Getty Images
    Image attribution tooltip

    WSP ‘feeling extremely good’ even amid instability from Trump’s moves

    The firm announced a multi-year partnership with Microsoft as it embarks on a new tech-focused strategic cycle.

    By Feb. 28, 2025
  • rendering of the renovations to Beaver Stadium
    Image attribution tooltip
    Courtesy of Penn State
    Image attribution tooltip
    Economic Reports

    The 9 largest commercial construction starts of January 2025

    Overall activity dropped during the first month of the year, though infrastructure work kept builders busy, according to Dodge Construction Network.

    By Feb. 25, 2025
  • dotted line
    Image attribution tooltip
    Danielle Ternes/Construction Dive
    Image attribution tooltip
    Column // The Dotted Line

    Tariff worries force firms to rethink contracts

    Builders are facing trade war-induced price escalation, but they can take key steps to help mitigate that risk.

    By Feb. 25, 2025
  • Two construction workers in safety gear look at cranes.
    Image attribution tooltip
    Courtesy of Lendlease
    Image attribution tooltip

    Lendlease’s focus on domestic work begins to pay off

    As part of a new strategy, the Australian firm has sold off its U.S. construction projects and entered an agreement to divest from its U.K. business.

    By Feb. 19, 2025
  • Wall street sign in New York City with New York Stock Exchange background
    Image attribution tooltip
    lucky-photographer via Getty Images
    Image attribution tooltip

    Granite sees ‘tremendous support’ for IIJA from Washington

    On the California-based roadbuilder’s fourth-quarter earnings call, CEO Kyle Larkin said the market was among the strongest he’s encountered, though inflation looms.

    By Feb. 18, 2025
  • Construction workers help build a condo tower using steel rebar
    Image attribution tooltip
    Joe Raedle/Getty Images via Getty Images
    Image attribution tooltip
    Economic Reports

    Tariff fears tied to biggest construction cost jump in 2 years

    Contractors have rushed to buy materials before potential tariffs go into effect, pushing prices higher. More hikes could lie ahead, according to construction trade associations.

    By Feb. 13, 2025
  • Construction workers help build a condo tower using steel rebar on Feb. 10, 2025, in Miami, Fla.
    Image attribution tooltip
    Joe Raedle/Getty Images via Getty Images
    Image attribution tooltip
    Economic Reports

    Construction backlog posts gains to kick off the year

    Contractors expect activity to pick up over the next six months amid renewed confidence since the presidential election, according to Associated Builders and Contractors.

    By Feb. 13, 2025
  • Federal Reserve Chair Jerome Powell.
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip

    Inflation heats up to 3% as Trump calls on Fed to cut main rate

    The unexpected rise in price pressures prompted futures traders to increase the odds that the Federal Reserve will hold the benchmark rate at its current range beyond May.

    By Jim Tyson • Feb. 13, 2025
  • rendering of The $407 million Memorial Hospital expansion in Colorado Springs, Colorado.
    Image attribution tooltip
    Courtesy of UCHealth
    Image attribution tooltip
    Economic Reports

    Construction planning up 26% to start 2025

    The increase should boost spending in the second half of the year, according to Dodge Construction Network.

    By Feb. 11, 2025