Economy: Page 20
-
Sushiman/iStock via Getty Images
Armed with steady backlogs, nonresidential construction pros shrug off recession fears
Commercial contractor confidence rose in August — a stark contrast to the homebuilding market, which is already in a recession.
By Joe Bousquin • Sept. 13, 2022 -
Justin Sullivan via Getty Images
Railroads prepare for nationwide strike
A major rail stoppage could add to construction’s supply chain woes, according to a new report.
By Jennifer Goodman • Sept. 13, 2022 -
Explore the Trendline➔
sandsun via Getty Images
TrendlineTop 5 stories from Construction Dive
Construction Dive editors curate some of the industry’s top stories from this year.
By Construction Dive staff -
Marco VDM/E+ via Getty Images
Construction planning numbers fall
For the year, the Dodge Momentum Index was still broadly positive, but the impacts of inflation and fear of a recession are starting to emerge.
By Joe Bousquin • Sept. 8, 2022 -
schwartstock/iStock via Getty Images
Q&AConstruction accountant on IIJA funds, inflation and CHIPS Act’s $500B potential
Erin Roberts, head of Ernst and Young's global construction and engineering practice, talked with Construction Dive about the additional boost private funding will give government programs.
By Joe Bousquin • Sept. 6, 2022 -
SimonSkafar/E+ via Getty Images
Construction unemployment rose in August, and that’s good news for contractors
The sector’s overheated jobs market is beginning to cool, while average construction wages rose to nearly $35 per hour.
By Joe Bousquin • Sept. 2, 2022 -
CHUYN/iStock via Getty Images
Public projects keep nonresidential construction spending positive, overall sector falls
Total construction spending fell 0.4% in July, but highway and public safety jobs, funded by public dollars, kept non-housing-related spending in the black.
By Joe Bousquin • Sept. 2, 2022 -
Courtesy of Associated Builders and Contractors
Construction job openings spike higher
After dipping in June, unfilled positions in the sector soared 11.3% last month from a year ago, increasing chances of more interest rate hikes ahead.
By Joe Bousquin • Aug. 30, 2022 -
eranicle/iStock via Getty Images
6 tips for defanging inflation
These strategies can help blunt the effects of rising price pressures, according to a new report from Deloitte.
By Jim Tyson • Aug. 30, 2022 -
Spencer Platt via Getty Images
Public firms report lower profits, muted outlooks
Several construction industry giants saw profits fall and lowered their outlooks for the remainder of the year amid continued impacts from COVID-19 and inflation.
By Joe Bousquin • Aug. 26, 2022 -
Courtesy of Dusty Robotics
Global construction robot market value to triple by 2030
Leaders in the space include Apis Cor and Dusty Robotics, according to a new report.
By Matthew Thibault • Aug. 24, 2022 -
Eric Kayne via Getty Images
Fed unlikely to avoid recession: economists
Almost 50% of economists believe a downturn will begin by the first quarter of 2023, according to a new survey.
By Jim Tyson • Aug. 23, 2022 -
Big Joe/ iStock via Getty Images
Chicago, Milwaukee top Mortenson’s construction costs list
Of the seven cities surveyed in the firm’s Q2 cost index, prices rose the most in traditionally affordable markets.
By Joe Bousquin • Aug. 18, 2022 -
Eduardo Munoz Alvarez/stringer via Getty Images
The most recession-proof sectors for construction
Contractors’ safest bet remains federally funded work, while private jobs could dry up during a downturn, experts say.
By Sebastian Obando • Aug. 18, 2022 -
Courtesy of Balfour Beatty
Balfour Beatty reports higher profits on flat revenues
The London-based contractor increased its backlog and is bullish on the U.S. infrastructure market as a result of the $1.2 trillion IIJA.
By Matthew Thibault • Aug. 18, 2022 -
Courtesy of Ford
Dodge: Total construction starts surge 48% in July
The strong jump in starts could slow down by the end of the year, particularly if the Federal Reserve continues to hike up interest rates, said Richard Branch, chief economist at Dodge.
By Sebastian Obando • Aug. 16, 2022 -
Joe Raedle via Getty Images
What a recession would look like for construction
Industry experts list eight steps builders can take in order to prepare their businesses for an economic downturn.
By Sebastian Obando • Aug. 16, 2022 -
Courtesy of U.S. Army Corps of Engineers
Michigan’s Soo Lock reaches construction milestone, preps for Phase 2
The lock, first authorized in 1986, finally began construction in 2020. Two major phases remain.
By Matthew Thibault • Aug. 15, 2022 -
iStock via Getty Images
PPI posts first decline since April 2020
After 20 months of sequential increases, the producer price index was 0.5% lower last month, the first negative reading since April 2020, with costs for nonresidential construction inputs dipping 1.8%.
By Joe Bousquin • Aug. 11, 2022 -
Procore to expand into fintech services, CEO says
The company’s new system would purchase materials for subcontractors, securing payment against the property itself using lien rights.
By Matthew Thibault • Aug. 10, 2022 -
Ultima_Gaina via Getty Images
NYC construction activity still up for the year, but slumps in Q2
While higher than 2021, Q2's filings were 16% lower than the average since 2008, according to a new report.
By Sebastian Obando • Aug. 10, 2022 -
iStock via Getty Images
‘Tougher times ahead’ for construction as July backlogs fall
As new work and profit expectations decline, ABC’s Anirban Basu said construction activity clearly “has begun to fade.”
By Joe Bousquin • Aug. 9, 2022 -
400tmax via Getty Images
AECOM raises guidance amid higher profits, lower revenue
Backlog at the 10th largest U.S. contractor increased by 3.5% to $41.1 billion, but COVID-19 in China and industry staffing shortages remain as challenges.
By Joe Bousquin • Aug. 9, 2022 -
Courtesy of Turner Construction
July’s job gains ‘shockingly’ strong as construction adds 32K positions
The news wasn’t all good, though, as it gave the Fed more reason to keep raising interest rates.
By Joe Bousquin • Aug. 5, 2022 -
Chunyip Wong via Getty Images
Freddie Mac expects multifamily contraction through the end of 2022
Macroeconomic headwinds include inflation and rising Treasury rates.
By Mary Salmonsen • Aug. 4, 2022 -
Sean Gallup via Getty Images
Construction job openings plunged by 71,000 in June
Vacancies in the industry fell 17.5% as the debate over whether the U.S. is in a recession rages on.
By Joe Bousquin • Aug. 3, 2022
Previous
