Economy: Page 26


  • President Joe Biden speaking at a White House meeting with utility executives
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    (2022). [photograph]. Retrieved from White House.
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    White House launches low-carbon construction initiative

    "Buy Clean" policies for federal projects will promote the use of materials with low carbon footprints.

    By Feb. 16, 2022
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    Getty Images
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    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
  • AGC image library construction worker with steel Explore the Trendline
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    Permission granted by Associated General Contractors of America
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    Trendline

    Labor

    A roundup of articles about issues affecting the workforce.

    By Construction Dive staff
  • Teamsters Local 174 strikes in front of Gary Merlino Construction and sets up a negotiating table out front.
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    Courtesy of Teamsters Local 174
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    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 Feb. 11, 2022
  • A rendering of the Intuit Dome basketball arena in Los Angeles.
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    Courtesy of Los Angeles Clippers
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    '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
  • Lawrence Berkeley National Laboratory
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    Courtesy of XL Construction
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    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 Feb. 7, 2022
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    David McNew via Getty Images
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    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 Feb. 3, 2022
  • In this Photo Illustration, Twenty dollar bills sit in a wallet.
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    Justin Sullivan via Getty Images
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    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
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    Sean Gallup via Getty Images
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    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
  • A skyshot of the planned Intel factory expansion that was recently announced.
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    Courtesy of Intel
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    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 Jan. 26, 2022
  • Drone shot of a massive container ship arriving in the Port of Long Beach, California.
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    Getty Images
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    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 Jan. 25, 2022
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    Courtesy of HAP Construction
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    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
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    Christopher Furlong via Getty Images
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    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 Jan. 14, 2022
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    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 Jan. 12, 2022
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    Chip Somodevilla via Getty Images
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    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 Jan. 12, 2022
  • An exhibit hall from a previous World of Concrete conference showing products and vendors.
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    Courtesy of World of Concrete
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    2022's biggest construction conferences

    Many in-person industry events are back on this year. Here is the full rundown.

    By Jan. 12, 2022
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    Drew Angerer via Getty Images
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    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
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    Sean Gallup via Getty Images
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    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 Jan. 10, 2022
  • Fulton east exterior chicago office
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    Permission granted by Sam Fentress for Clayco
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    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 Jan. 7, 2022
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    Sean Gallup via Getty Images
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    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 Dec. 15, 2021
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    Bruce Bennett via Getty Images
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    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
  • A construction worker operates a bulldozer while moving pebbles as part of a construction project on Interstate-95.
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    William Thomas Cain via Getty Images
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    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
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    Permission granted by James Kim Photography + PC Construction
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    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 Dec. 8, 2021
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    Infrastructure drives new opportunities, risks for construction, report finds

    The international construction market is set for a sustained period of growth, with modular building and renewable energy projects taking on a major role, according to global insurance firm Allianz.

    By Dec. 6, 2021
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    Sean Gallup via Getty Images
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    The top 12 drivers of construction disputes and how to avoid them

    A new HKA study shows design issues have eclipsed scope changes as the top cause of claims in the U.S.

    By Julie Strupp • Nov. 30, 2021
  • An underground electrical line undergoing utility work.
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    Getty Images
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    Report: $61B lost per year due to waste, inefficiency in 811 utility system

    A new study found that while problems with the country's "call before you dig" system are large, they can be mitigated.

    By Nov. 24, 2021