Economy: Page 2
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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 Zachary Phillips • March 17, 2025 -
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 Matthew Thibault • March 14, 2025 -
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 -
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 Joe Bousquin • March 13, 2025 -
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 -
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 Sebastian Obando • March 12, 2025 -
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 Sebastian Obando • March 11, 2025 -
Economic Reports
February 2025 economic roundup
Indicators still point to overall strength in construction, but short-term headwinds could derail that positivity.
By Sebastian Obando • March 11, 2025 -
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 Matthew Thibault • Updated March 27, 2025 -
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 -
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 Sebastian Obando • March 6, 2025 -
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 Julie Strupp • March 4, 2025 -
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 Sebastian Obando • March 4, 2025 -
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 Sebastian Obando • March 4, 2025 -
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 Matthew Thibault • March 3, 2025 -
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 -
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 Julie Strupp • Feb. 28, 2025 -
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 Sebastian Obando • Feb. 25, 2025 -
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 Sebastian Obando • Feb. 25, 2025 -
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 Zachary Phillips • Feb. 19, 2025 -
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 Joe Bousquin • Feb. 18, 2025 -
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 Sebastian Obando • Feb. 13, 2025 -
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 Sebastian Obando • Feb. 13, 2025 -
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 -
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 Sebastian Obando • Feb. 11, 2025