More inflation, recession ahead: construction economist

Supply chain issues will persist for years, but commodity pricing relief is on the horizon, predicts Associated Builders and Contractors' Anirban Basu.

By Joe Bousquin • April 4, 2022

Biden pushes 28% corporate tax rate

Companies should prepare for new or higher corporate taxes in light of President Joe Biden's 2023 budget proposal, experts say.

By Maura Webber Sadovi • April 1, 2022

Explore the Trendline➔

Labor

A roundup of articles about issues affecting the workforce.

By Construction Dive staff

US eases tariffs on UK steel and aluminum

The deal will partially lift tariffs on steel and aluminum exports from the U.K. beginning June 1.

By Sarah Zimmerman • March 24, 2022

Cemex Ventures launches 6th edition of contech competition

Winners will receive invitations to pitch their products to investors.

By Matthew Thibault • March 23, 2022

Bidding wars break out in NY while San Fran multifamily properties struggle

The major coastal metros are following different paths to recovery.

By Leslie Shaver • March 23, 2022

Gas tax suspension would erode infrastructure funding, road builders say

Six Democratic governors put forward a bill to pause the tax, as gas prices climb due to inflation and Russia's invasion of Ukraine.

By Julie Strupp • March 22, 2022

5 steps to transfer a construction business to a family member

Succession planning can be complicated, but these tips will smooth the process, writes a corporate strategy expert.

By Frank Williamson • March 22, 2022

Utah's tallest high-rise project under construction

The 372-unit Astra Tower, a luxury apartment building developed by Kensington Investment Co., is set to open in 2024.

By Mary Salmonsen • March 18, 2022

Balfour Beatty profits rise, revenue dips as company focuses on future of infrastructure

The builder emphasized a strong backlog and increased its share buyback plan.

By Matthew Thibault • March 10, 2022

Inflation, material delays, labor issues: Pros face a trifecta of pricing woes

Construction costs are rising as much as 30% from the time a project is bid on until it is complete, one expert told Construction Dive.

By Chris Barnett • March 4, 2022

Ukraine war 'likely to have multiple effects' on materials prices

Inflation is casting shadows over how much the $1.2 trillion in the Infrastructure Investment and Jobs Act can ultimately accomplish.

By Joe Bousquin • March 1, 2022

Public construction firms announce earnings

Several of these industry giants reported losses in their most recent financial periods while others saw profits fall.

March 1, 2022

Russia's invasion of Ukraine throws another wrench into supply chains

Carriers are halting operations and suppliers are at risk. War is "a worst-case scenario," one analyst said.

By Colin Campbell • Feb. 25, 2022

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

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

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

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

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

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

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