Economy: Page 2


  • Aerial view of Georgia-Pacific's manufacturing plant in Jackson, Tennessee
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    Permission granted by JE Dunn
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    Deep Dive

    Why contractors are still all in on manufacturing projects

    Despite the sector’s recent deceleration in starts, firms with factory construction specialization are scaling up for more demand.

    By Jan. 29, 2024
  • A UAW picket sign is pictured, with a neon yellow mesh vest (with neon orange stripes and light-reflective strips) tossed over it
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    Luke Sharrett via Getty Images
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    Union approval at a record high, despite falling rates

    While the percentage of the workforce that is unionized is declining, “membership is growing in value,” a Gallup report indicated.

    By Caroline Colvin • Jan. 29, 2024
  • Construction site Explore the Trendline
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    sandsun via Getty Images
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    Trendline

    Top 5 stories from Construction Dive

    Construction Dive editors curate some of the industry’s top stories from this year.

    By Construction Dive staff
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    Panupong Piewkleng via Getty Images
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    Contractors should brace for weaker conditions: AIA

    On the heels of “surprisingly strong” performance in 2023, a new report predicts that declining property values, tighter credit and higher input costs will hamstring growth this year and next.

    By Jan. 26, 2024
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    sorn340 via Getty Images
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    What contractors need to know for 2024

    It’s anyone’s guess what will happen in the next 12 months, but these insights from construction pros can help bring the year into focus.

    By Construction Dive Staff • Jan. 25, 2024
  • A double humped bridge bathed in yellow light spans a river, with a cityscape in the background.
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    The image by PunkToad is licensed under CC BY 2.0
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    2024 OUTLOOK

    3 infrastructure trends for 2024

    The civil sector will confront a shifting regulatory landscape, burgeoning digitalization and evolving procurement norms this year.

    By Jan. 23, 2024
  • In an aerial view, construction workers build a residential building on January 5, 2024 in Miami, Florida.
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    Joe Raedle/Getty Images via Getty Images
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    Construction starts jump 20%

    December’s rebound after three down months signaled “the planning queue is stabilizing,” according to Dodge’s chief economist.

    By Jan. 19, 2024
  • A construction worker helps build a residential building on January 05, 2024 in Miami, Florida.
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    Joe Raedle/Getty Images via Getty Images
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    Economic Reports

    Backlog increases amid easing credit conditions

    Builder confidence in securing new work also jumped, fueled by the expectation of rate cuts.

    By Jan. 16, 2024
  • A construction worker helps build the “Signature Bridge" on January 05, 2024 in Miami, Florida.
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    Joe Raedle/Getty Images via Getty Images
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    Economic Reports

    Construction input prices drop 3 months in a row

    Despite the sustained cost moderation, some sticker shock could return in 2024, ABC Chief Economist Anirban Basu said.

    By Jan. 16, 2024
  • Header image for "Fed Minutes Show Heightened Inflation Concerns"
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    Getty Images via Getty Images
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    Inflation inches up, signaling prospect of extended Fed fight

    The consumer price index last month rose more than anticipated, with gains in the cost of services staying stubbornly high.

    By Jim Tyson • Jan. 12, 2024
  • A yellow crane stands in front of a tall, shiny glass building that is mostly constructed.
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    Permission granted by Alexandria Real Estate Equities, Inc.
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    Life sciences boom could fizzle

    CBRE said that momentum may falter in three major cities after a rush of investment in the space this year.

    By Jan. 11, 2024
  • A skyline shot of Toronto, Ontario, with a bright blue sky in the background.
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    R.M. Nunes via Getty Images
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    Stantec acquires Morrison Hershfield, boosts Canadian presence

    Edmonton-based Stantec, which has more than half of its offices in the U.S., will grow its workforce in Canada by 10%.

    By Jan. 10, 2024
  • A person points at a touchscreen, ready to press, which features AI chatbot prompts.
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    Laurence Dutton via Getty Images
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    2024 OUTLOOK

    AI, robotics dominate 2024’s construction tech forecast

    Expect machines trained on “large behavior models,” more mass timber, prefab and 3D printing. But always keep jobsite safety in mind, experts say.

    By Jan. 10, 2024
  • a sign on a highway indicates road work ahead
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    Jens Lambert Photography via Getty Images
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    High prices are slowing for road builders, but challenges lay ahead

    Despite cooling inflation, rising costs will still be an issue this year, especially as labor continues to be in short supply, experts say.

    By Jen A. Miller • Jan. 9, 2024
  • Aerial shot of TSMC's $40 billion construction project in Phoenix, Arizona
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    Permission granted by TSMC
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    2024 OUTLOOK

    4 charts break down winning, losing sectors in 2024

    Some types of construction are starting the new year with a bang, while others will continue to wither, experts say.

    By Jan. 8, 2024
  • Detroit, Michigan, USA downtown skyline from above at dusk.
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    Sean Pavone via Getty Images
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    Debts, lawsuits force Detroit builder to file bankruptcy

    Unpaid bills on the $30 million Dreamtroit project caused problems for MiG Construction.

    By Jan. 8, 2024
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    pcess609 via Getty Images
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    17 states are cutting income taxes this year

    Among the states with lower tax burdens is Arkansas, where corporate income tax rates are dropping to 4.80% this year from 5.30%.

    By Maura Webber Sadovi • Jan. 8, 2024
  • Funded By The Bipartisan Infrastructure Law
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    John Moore/Getty Images via Getty Images
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    Economic Reports

    Nonresidential spending dips, ending 17 months of growth

    Despite a 0.1% decrease in November, several sectors — including manufacturing, healthcare and roadwork — saw gains.

    By Jan. 4, 2024
  • The Wisconsin State Capitol dome reflecting in a steel and glass building
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    YangYin via Getty Images
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    Wisconsin to spend $414M on wastewater, storm infrastructure

    The largest amount ever from the state’s Clean Water Fund will flow to 84 municipalities.

    By Dec. 22, 2023
  • Rendering of the $1.9 billion Children’s Hospital of Philadelphia Inpatient Tower.
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    Courtesy of Children’s Hospital of Philadelphia
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    Economic Reports

    High interest rates knock construction starts to 10-month low

    Following October’s staggering 32% drop, nonbuilding work fell another 2% in November, with the highway and bridge sector tumbling 8%, according to Dodge.

    By Dec. 21, 2023
  • Office and residential skyscrapers against bright sun and clear blue sky.
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    ST-art via Getty Images
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    US regulators flag commercial real estate as a leading risk in 2024

    “Signs of stress emerged in 2023, and the market outlook is challenging” for commercial real estate, according to the Financial Stability Oversight Council.

    By Jim Tyson • Dec. 21, 2023
  • A brownstone-ish building with windows and a modern design placed against the backdrop of a grey sky.
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    Courtesy of Purdue University
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    This year’s top tech stories

    From ChatGPT to robots and contech funding, here are the topics that were most popular with our readers.

    By Dec. 20, 2023
  • Rendering of Northwestern Mutual's $500 million downtown Milwaukee office
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    Courtesy of Northwestern Mutual
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    The biggest office starts of 2023

    While owner financing is likely driving some deals on glittering new headquarters, quickly maturing loans on existing properties signal challenges ahead.

    By Dec. 20, 2023
  • A blue and silver train emerges from a stone tunnel.
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    Courtesy of Gateway Program
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    Top infrastructure stories of 2023

    From airport expansions and dam removals to federal funding and legal wranglings, here are the articles that were most popular with our readers.

    By Dec. 19, 2023
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    izusek via Getty Images
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    Opinion // Business Matters

    5 tactics to tell — and sell — your firm’s story

    Once you know what you want to say to potential clients, decide how best to present it.

    By Chemene Phillips • Dec. 14, 2023
  • A man in a suit and an orange safety vest uses a tablet on a construction site. The user is in the foreground and clear, the background is blurred.
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    AzmanL via Getty Images
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    Contech Funding

    4 contech firms, $60M in funding

    Amid a challenging venture capital environment and the struggles of their larger peers, contech startups continue to find fundraising success.

    By Dec. 13, 2023