Economy: Page 23
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Retrieved from Flickr/Tristan Schmurr.
Construction's labor, economic numbers begin to show cracks
As talk of a recession continues, a slower pace in spending and job openings is beginning to emerge from several key indicators, even as wage projections continue to rise.
By Joe Bousquin • July 7, 2022 -
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Fed inflation fight 'highly likely to involve some pain': Powell
The Federal Reserve chair committed the agency to hitting its 2% inflation target as rising prices undermined consumer expectations and increased the odds of a recession.
By Jim Tyson • June 30, 2022 -
Explore the Trendline➔
Permission granted by Associated General Contractors of America
TrendlineLabor
A roundup of articles about issues affecting the workforce.
By Construction Dive staff -
Courtesy of Intel
Chip manufacturers press for federal funding as bill flails in Congress
Intel delayed the groundbreaking ceremony on its Ohio facility, pointing to legislative inaction on the $52 billion CHIPS Act.
By Matthew Thibault • June 29, 2022 -
Construction workers work on an infrastructure project. via Getty Images
Rising labor costs eat away at construction firms' profits
Contractors are paying more for low-skilled workers but aren’t benefiting from increased productivity, economists say.
By Joe Bousquin • June 23, 2022 -
Permission granted by Colliers
What recession? Developers bet on Vegas instead.
Demand for entertainment projects in Las Vegas remains strong despite economic headwinds and signs of cratering consumer confidence.
By Sebastian Obando • June 23, 2022 -
Drew Angerer via Getty Images
Recession watch: ABC economist sees 'difficult times' through 2025
Associated Builders and Contractors' Anirban Basu said the Federal Reserve’s monetary policy to fight inflation will likely tip the economy into recession.
By Sebastian Obando • June 16, 2022 -
Spencer Platt via Getty Images
Why construction stocks are like honey for the bear market
Construction companies could become Wall Street’s darlings, armed with strong backlogs and robust infrastructure funding.
By Joe Bousquin • June 15, 2022 -
Courtesy of Texas Instruments
Amid domestic semiconductor wave, Texas Instruments begins $30B build
The manufacturing facility, which broke ground in Sherman, Texas, follows a trend of similar investments in the U.S.
By Matthew Thibault • June 14, 2022 -
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How construction starts fare by US region
Analysts forecast how activity in the West, Midwest, Northeast and South will rebound from the pandemic.
June 14, 2022 -
Michael M. Santiago/Staff via Getty Images
Why Amazon's warehouse pullback is good news for contractors
The e-commerce giant has slowed its building spree, freeing up hard-to-find materials and land for other projects in the booming sector.
By Sebastian Obando • June 13, 2022 -
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High pay attracts workers, but construction's employment gap widens
To entice more workers into the industry, contractors will likely have to further elevate wages, AGC Chief Economist Ken Simonson said.
By Zachary Phillips • June 9, 2022 -
Miami skyline/Joe Raedle via Getty Images
Texas, Florida boost construction starts in the South
Warehouse activity continues to grow, but Dodge expects deceleration in the sector.
By Sebastian Obando • June 9, 2022 -
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Midwest starts lag national average
The power and gas plant sector in the region, particularly its solar energy and wind farms, shows robust activity.
By Sebastian Obando • June 7, 2022 -
Permission granted by Bechtel
Despite flat revenue, Bechtel's 2021 performance better than expected: CFO
The country's second-largest contractor saw year-over-year backlog revenue decrease but the amount of new work on its books rose.
By Matthew Thibault • June 6, 2022 -
Sean Gallup via Getty Images
Recession 'not inevitable,' Moody's says
Contractors considering changes to wages, prices and other critical business strategies must filter an unusual range of conflicting economic forecasts.
By Jim Tyson • June 6, 2022 -
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Northeast construction starts slow following rebound last year
The headwinds of inflation, supply chain issues, COVID-19 and a potential recession mute activity in the region, according to Dodge Data & Analytics.
By Sebastian Obando • June 3, 2022 -
Ethan Miller/Staff via Getty Images
Manufacturing projects boost starts in Western states
Clients looking to build a more reliable supply chain, via projects like chip plants, will drive growth in the sector, said a senior economist at Dodge.
By Sebastian Obando • May 31, 2022 -
Courtesy of Caesars Entertainment
Dodge: Construction starts jump, pipeline strong
Commercial building grows despite supply chain issues, the war in Ukraine and rising inflation, but a recession would slow that growth, an economist said.
By Sebastian Obando • May 25, 2022 -
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The IIJA sets aside $100M for contech. When will it arrive?
Agencies have not yet hammered out the details, but the funding could follow a predictable path set by the federal government.
By Matthew Thibault • May 18, 2022 -
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How $21B in foreign investment is shaping the multifamily landscape
This four-part series looks at how capital from outside the U.S. is moving into multifamily — and the types of properties and places investors seek.
By Robyn Griggs Lawrence • May 17, 2022 -
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The top 10 residential builders of 2022
Dallas, Texas-based D.R. Horton remains at the top of the list for the 20th year in a row with 81,981 homes closed last year.
By Mary Salmonsen • May 16, 2022 -
WSP beats earnings expectations, maintains guidance
The Canadian contractor saw strong backlog growth in the first quarter and said its 2022 plans already account for inflation.
By Julie Strupp • May 13, 2022 -
stock.adobe.com/Leonid and Auremar
Sponsored by Trimble ProjectSightLooking beyond cost codes in construction management software
Given the high monetary stakes and the complexities at various stages of the project, construction companies need to rely on standardized processes to keep an eye on costs.
By Ricci Stevens • May 9, 2022 -
Spencer Platt via Getty Images
Despite $21.6M loss, Tutor Perini sticks to its guidance
The Los Angeles-based infrastructure giant reiterated its full-year outlook, even though it went into the red in the first quarter.
By Joe Bousquin • May 5, 2022 -
Sean Gallup via Getty Images
Report: GCs more likely than subs to get paid on time
General contractors have fewer problems collecting payments compared to other types of construction businesses, according to new data from Levelset.
By Jennifer Goodman • May 2, 2022
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