Economy: Page 3
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Trump executive order extends Buy American policy
The directive asks federal agencies to encourage contractors on infrastructure projects to buy iron, aluminum, steel, cement and other goods domestically.
By Kim Slowey • Feb. 05, 2019 -
FMI: Despite market growth, contractors should still 'recession proof'
The consulting firm suggested taking precautionary measures against a potential downturn while construction businesses are still booming.
By Kim Slowey • Jan. 28, 2019 -
NYC construction activity may have 'leveled out' in 2018
While they slid from 2017 levels, last year's permits represent the addition of 46 million square feet of floor space, according to the city's buildings department.
By Kim Slowey • Jan. 24, 2019 -
Memphis, Tennessee, saw $1.3B of new construction permits in 2018
As is trending in many U.S. metros, residents' demand for a live-work-play environment is drawing business and keeping contractors busy.
By Kim Slowey • Jan. 18, 2019 -
Cedar Rapids, Iowa, region sees $1.6B of construction since 2016
Linn County has seen 125 projects valued at $1 million or more, offering testament to the trend of big development booms happening in small pockets outside the country's major metros.
By Kim Slowey • Jan. 17, 2019 -
2018 Dodge Momentum Index up 4.3%
Institutional projects led the way with an 8.5% increase year over year, buoying the overall index against slowdowns during the last six months.
By Kim Slowey • Jan. 09, 2019 -
Despite NYC's capital, costs could constrain 2019 development
Rising interest rates, high construction costs and land prices could dampen what has been a robust construction market in New York City for the past few years.
By Kim Slowey • Jan. 08, 2019 -
Deep Dive7 trends that will shape commercial construction in 2019
Automation, drone use, hyperloops and more are among the trends that will make the biggest impact on the industry this year.
By Kim Slowey , Laurie Cowin , Joe Beeton , Kathleen Brown • Jan. 07, 2019 -
Shop class is back, ready to tackle the construction skills gap
Immigration enforcement has left Texas' construction industry with a lack of skilled workers, and stakeholders are calling on schools to help.
By Riia O'Donnell • Jan. 04, 2019 -
AGC: Contractors expect growth in 2019 amid labor supply worries
Construction firms will continue to increase wages and benefits as well as invest in training programs for their employees.
By Kim Slowey • Jan. 04, 2019 -
String of infrastructure investments underway hints at big 2019
State and federal initiatives across North America represent some big spends and may help predict what's to come this year.
By Laurie Cowin • Jan. 03, 2019 -
Survey: Salaries for many construction trades on the rise
The report shows average annual salaries for 32 categories of workers, with project managers ($92,523) and project supervisors ($88,355) making the most money.
By Kim Slowey • Jan. 02, 2019 -
State, local governments using higher revenues to increase infrastructure spending
Sales tax revenue from increased consumer spending is helping spur some new publicly funded construction projects, according to a Wall Street Journal analysis.
By Kim Slowey • Dec. 20, 2018 -
Construction, trades topped hiring on Monster in 2018
Job seekers in construction and trade industries held the top spot overall among hires through the jobs search engine, as well as in 27 individual states.
By Valerie Bolden-Barrett and Construction Dive Editors • Dec. 19, 2018 -
$50B of development in Washington, DC's pipeline
Residential represents the biggest share of the construction boom, but many hotel, office and retail projects are also underway.
By Kim Slowey • Dec. 18, 2018 -
Confidence index holding steady, despite challenges ahead
Despite optimism, contractors are concerned about limited labor and higher material costs, found the USG and the U.S. Chamber of Commerce's fourth-quarter Commercial Construction Index.
By Kim Slowey • Dec. 18, 2018 -
DOT awards $1.5B for 91 projects across 49 states and DC
The Better Utilizing Investments to Leverage Development (BUILD) program weighed a record 851 submissions based on safety, state of repair, innovation and other criteria.
By Kim Slowey • Dec. 13, 2018 -
Tariffs driving up infrastructure construction costs, analysis shows
President Donald Trump's steel and aluminum tariffs have increased the cost of several public works projects and could limit the scope of future initiatives, Bloomberg reports.
By Kim Slowey • Dec. 11, 2018 -
ABC: Construction momentum should remain strong in 2019
Contractors can expect continued industry upticks through next year, but factors like rising material prices and the labor shortage could present some obstacles beyond that.
By Kim Slowey • Dec. 07, 2018 -
Houston leads construction job growth for the year ending October 2018
Phoenix, Dallas and Orlando also topped the Associated General Contractors of America's list, which noted job increases in 78% of 358 U.S. metros.
By Kim Slowey • Dec. 04, 2018 -
Florida tops ABC's 2018 Merit Shop Scorecard rankings
Michigan also scored high in the Associated Builders and Contractors' criteria for determining which states encourage the highest levels of construction job growth and open competition. There were losers in the report, too.
By Kim Slowey • Nov. 29, 2018 -
Dodge: Total October construction starts up 21% to $864B
Nonresidential fared even better with a 53% surge driven by several large projects such as the Gordie Howe International Bridge.
By Kim Slowey • Nov. 26, 2018 -
Deep DiveTwo years of Trump: Where are we and what's next for construction?
Nearing the halfway point of President Donald Trump's term, we take a look at policies that impact construction, weighing economic health against risks that could inflame industry challenges.
By Kathleen Brown • Nov. 20, 2018 -
What you need to know about Amazon HQs in New York City, Virginia
Navigating the legal agreements of $5 billion in investments — and requests for helipads.
By Samantha Ann Schwartz • Nov. 14, 2018 -
Calm before the storm? What the construction industry can expect in 2019
Recession may hold off another year, economists say, but contractors should still keep an eye on risks and strategize around labor to prepare for the worst.
By Kathleen Brown • Nov. 02, 2018
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