Economy: Page 26


  • Las Vegas Formula 1
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    Permission granted by Colliers
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    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 June 23, 2022
  • Fed Reserve Chair Jerome Powell standing at podium and adjusting his glasses with his hand.
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    Drew Angerer via Getty Images
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    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 June 16, 2022
  • 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
  • A trader on the floor of the New York Stock Exchange.
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    Spencer Platt via Getty Images
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    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 June 15, 2022
  • An aerial view on a sunny morning of several of San Francisco's most well known architectural landmarks. A backdrop of the skyscrapers and Bay Bridge behind them.
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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
  • A render of the finished product in Sherman, a new semiconductor fabricator plant that Texas Instruments plans to open.
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    Courtesy of Texas Instruments
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    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 June 14, 2022
  • People congregate outside of the LDJ5 Amazon Sort Center on April 25, 2022 in New York City.
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    Michael M. Santiago/Staff via Getty Images
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    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 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 June 9, 2022
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    Miami skyline/Joe Raedle via Getty Images
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    Texas, Florida boost construction starts in the South

    Warehouse activity continues to grow, but Dodge expects deceleration in the sector.

    By June 9, 2022
  • Chicago river with boats and traffic from above in the morning
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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 June 7, 2022
  • Bechtel LNG plant
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    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 June 6, 2022
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    Sean Gallup via Getty Images
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    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
  • New York City skyline
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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 June 3, 2022
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    Ethan Miller/Staff via Getty Images
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    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 May 31, 2022
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    Courtesy of Caesars Entertainment
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    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 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 May 18, 2022
  • US map
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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
  • Two green Ontario GO trains.
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    The image by Reg Natarajan is licensed under CC BY 2.0
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    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
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    stock.adobe.com/Leonid and Auremar

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    Sponsored by Trimble ProjectSight

    Looking 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
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    Spencer Platt via Getty Images
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    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 May 5, 2022
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    Scott Olson via Getty Images
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    Column

    5 ways to manage suppliers during disruption

    Contract clauses and long-term deals are some ways large organizations can deepen vendor relationships and ensure supply. 

    By Praveen Kumar Soni • May 2, 2022
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    Sean Gallup via Getty Images
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    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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    Sponsored by Quickbase

    The 5 benefits of lean construction practices

    Lean construction benefits customers, your business and the environment. Learn how that's possible.  

    May 2, 2022
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    Courtesy of Granite Construction
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    Granite posts nearly 20% quarterly revenue loss as it works through less profitable projects

    The California company's CEO is optimistic about shifting away from large, complicated builds and expects a boost from the infrastructure act.

    By Julie Strupp • April 29, 2022
  • Members of the International Union of Painters and Allied Trades hold signs in protest, striking for higher wages.
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    Permission granted by IUPAT District Council 3
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    Kansas City IUPAT accepts contract, largest pay increase in 17 years

    Union painters in Missouri went on strike for eight days, demanding higher wages from a construction employment group.

    By April 21, 2022