Economy: Page 25
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New report details how states are spending $350B from the American Rescue Plan
Infrastructure, prisons and broadband are three categories that are already receiving funding.
By Joe Bousquin • Feb. 24, 2022 -
Deep Dive
Hoarding, ghost orders and pop-up warehouses: construction's new supply chain playbook
Material prices have hit a 35-year high. Here's what contractors are doing to survive inflation.
By Joe Bousquin • Feb. 23, 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 -
Lendlease calls 2022 a 'reset' year, losing $264M in 6 months
The Australian contractor missed earnings forecasts, but expects to crawl back into the black in the second half of its fiscal year.
By Zachary Phillips • Feb. 22, 2022 -
(2022). [photograph]. Retrieved from White House.
White House launches low-carbon construction initiative
"Buy Clean" policies for federal projects will promote the use of materials with low carbon footprints.
By Matthew Thibault • Feb. 16, 2022 -
Deep Dive
4 inflation-coping strategies employed by top US corporations
Executives in several sectors describe how they aim to shield profits against rising prices.
By Jim Tyson • Feb. 15, 2022 -
Contractors, local officials clamor to end Seattle-area concrete worker strike
King County officials released a bid request worth more than $30 million for a concrete supplier with unionized workers, pressuring companies to make a deal.
By Matthew Thibault • Feb. 11, 2022 -
'A global infrastructure investment renaissance is beginning': AECOM raises guidance as Q1 profits soar
The contractor is winning work at the highest rate in its history, CEO Troy Rudd said this morning, but the company won't see benefits from the infrastructure act until 2023.
By Julie Strupp , Noelle Knox • Feb. 8, 2022 -
Q&A
New XL Construction CEO: 'Huge amount of money' on tap once materials prices come down
The head of the California-based firm talks 2022 outlook, building with timber and his company's above-average vaccination rate.
By Joe Bousquin • Feb. 7, 2022 -
Former Gilbane CEO McKelvy tapped to lead McDermott
Mike McKelvy, who retired from Gilbane on Jan. 7, is stepping into the top spot at the restructured Houston-based energy construction giant.
By Joe Bousquin • Feb. 3, 2022 -
Inflation will persist through 2023 even if pandemic fades, economist says
Long-term trends like high housing demand and tight labor markets will likely fuel inflation into next year, according to the Conference Board.
By Jim Tyson • Jan. 31, 2022 -
2022 outlook
What contractors need to know for the year ahead
While market observers still see plenty of challenges on the horizon, they are optimistic about the new year, this roundup of Construction Dive stories shows.
Jan. 27, 2022 -
Intel to build 2 Ohio semiconductor factories worth $20B
Following disrupted supply chains and competitor advancements in Arizona, the tech giant is looking to gain ground.
By Matthew Thibault • Jan. 26, 2022 -
2022 outlook
Construction's hottest sectors for 2022
Despite the challenges of COVID-19, supply chain issues and labor shortages, these verticals are expected to explode in 2022.
By Sebastian Obando • Jan. 25, 2022 -
2022 outlook
Rents will skyrocket in these 10 markets this year
The cost of leasing an apartment will rise across the country with the largest increases in Sun Belt states, according to industry analysts.
By Leslie Shaver • Jan. 21, 2022 -
Report: Materials prices soared 20% in 2021
The high cost of construction materials could damage the industry's recovery in 2022, according to the Associated General Contractors of America.
By Matthew Thibault • Jan. 14, 2022 -
2022 outlook
The 5 contech trends that will power jobsites in 2022
From data usage to 3D printing and more, construction tech is poised to blast off this year.
By Matthew Thibault • Jan. 12, 2022 -
Despite new federal ruling, Alabama proceeds with plans to build prisons with COVID-19 relief funds
The Treasury Department's ruling said that American Rescue Plan funds generally may not be used to build prisons.
By Matthew Thibault • Jan. 12, 2022 -
2022's biggest construction conferences
Many in-person industry events are back on this year. Here is the full rundown.
By Matthew Thibault • Jan. 12, 2022 -
2022 outlook
7 things we know (so far) about the infrastructure act
While much of the spending package is still coming into focus, there’s a lot that construction leaders can start planning for.
By Julie Strupp • Jan. 11, 2022 -
2022 outlook
Economic outlook: The issues that will boost, challenge construction in 2022
Obstacles including inflation, pricing woes, omicron and more will continue into the new year, as developers face a now-or-never moment to build.
By Joe Bousquin • Jan. 10, 2022 -
5 CRE trends will drive the market in 2022
These hurdles and opportunities are changing how — and where — commercial real estate developers are looking to turn dirt, according to a new report.
By Sebastian Obando • Jan. 7, 2022 -
Backlog breakdown
How COVID-19, supply chain woes hit contractor backlogs
During the pandemic, construction backlog data tracked the swings of COVID-19 closely. Now, it gives a unique view of what lies ahead.
By Joe Bousquin • Dec. 15, 2021 -
Backlog breakdown
Public contractor backlog weathers ups, downs during the pandemic
Companies that cater to oil and gas have struggled, while those in sectors like warehouses and infrastructure experienced a boost in new work.
By Leslie Shaver • Dec. 13, 2021 -
Backlog breakdown
How these public contractors' backlogs changed during the pandemic
Though COVID-19 has disrupted the pipelines of Fluor, Tutor Perini and other public construction firms, most have been resilient, analysts say.
By Leslie Shaver • Dec. 9, 2021 -
New report examines roadblocks to construction's digital transformation
A Dodge Construction Network survey found that while industry workers are open to change, barriers like tech issues and bad data stand in the way of further digitizing their work.
By Matthew Thibault • Dec. 8, 2021