Economy: Page 30


  • A picture of the Ever Given stuck in the Suez from the Suez Canal Port Authority
    Image attribution tooltip
    Courtesy of Suez Canal Authority
    Image attribution tooltip
    Deep Dive

    Soaring material prices, supply chain delays spook owners and developers

    The rising cost of many materials and increased sourcing headaches have project owners rethinking their return to normalcy and threaten to derail construction's expected resurgence.

    By April 12, 2021
  • slow down
    Image attribution tooltip
    Retrieved from Flickr/Tristan Schmurr.
    Image attribution tooltip

    Roadblocks to Recovery: The factors that could slow construction's comeback from COVID-19

    Escalating labor costs, rising material prices and nervous clients could all stand in the way of construction's return to normalcy. Here Construction Dive tracks the factors that could slow the industry's return to normalcy.

    April 12, 2021
  • AGC image library construction worker with steel Explore the Trendline
    Image attribution tooltip
    Permission granted by Associated General Contractors of America
    Image attribution tooltip
    Trendline

    Labor

    A roundup of articles about issues affecting the workforce.

    By Construction Dive staff
  • Image attribution tooltip
    The image by U.S. Department of the Interior is licensed under CC BY-SA 2.0
    Image attribution tooltip

    Walsh indicates support for minimum wage hike, collective bargaining

    In interviews last week, Labor Secretary Marty Walsh took worker-first positions on wages and the right to organize.

    By April 6, 2021
  • Image attribution tooltip
    The image by U.S. Department of the Interior is licensed under CC BY-SA 2.0
    Image attribution tooltip

    In first week, Walsh talks about unions, jobsite inspectors, COVID-19 standard

    Labor Secretary Marty Walsh discussed several issues of importance to U.S. contractors in his first days on the job.

    By March 29, 2021
  • Capitol Hill
    Image attribution tooltip
    The image by Андрей Бобровский is licensed under CC BY 3.0
    Image attribution tooltip

    Senate passes bill extending PPP deadline to May 31

    The bill, which extends the deadline for Paycheck Protection Program applications for another two months, awaits President Joe Biden's signature.

    By Anna Hrushka • March 26, 2021
  • Construction will face a labor gap of 430K workers this year, ABC says

    U.S. construction companies will need to hire at least 430,000 and as many as 1 million workers this year, according to Associated Builders and Contractors. 

    By Jennifer Goodman • March 26, 2021
  • Contractors' revenue expectations rise

    While construction pros are feeling more optimistic than they were a year ago, concerns over labor, material costs and steel tariffs linger, according to the U.S. Chamber of Commerce.

    By Jennifer Goodman • March 23, 2021
  • Sponsored
    Image attribution tooltip
    Getty Images
    Image attribution tooltip
    Sponsored by Merchants Bonding Company

    All surety is not alike: proactive claims team provides big benefits

    One change order dispute can jeopardize multiple projects without the RIGHT surety in your corner. 

    By Gina Lockwood, Director of Claims, Merchants Bonding Company • March 22, 2021
  • Lawmakers introduce plan to extend PPP deadline to May 31

    Small businesses will have two additional months to submit an application for a Paycheck Protection Program loan under the bill, and the Small Business Administration will have until June 30 to close pending applications.

    By Anna Hrushka • March 15, 2021
  • construction site, danger
    Image attribution tooltip
    Retrieved from aaronHwarren.
    Image attribution tooltip

    Construction employment falls nearly 7% year over year

    While last month's severe weather in the South may have played a role in some job losses, economists are divided over whether the decline signals more serious problems ahead.

    By Jennifer Goodman • March 8, 2021
  • Despite 2020 layoffs, construction's labor woes persist

    As the construction industry begins to recover from the pandemic, labor is getting harder to find and more expensive, a new analysis shows.

    By Jennifer Goodman • March 4, 2021
  • Buttigieg says infrastructure faces a 'once-in-a-lifetime moment' as bridges, roads get C- grade

    Speaking at the unveiling of the American Society of Civil Engineers' infrastructure report card yesterday, Transportation Secretary Pete Buttigieg said now is the time to fix America’s crumbling infrastructure.

    By March 4, 2021
  • Dash cart at Amazon Fresh
    Image attribution tooltip
    Courtesy of Amazon
    Image attribution tooltip

    Amazon Fresh builds its 10th store

    The grocer has reached the 10-store milestone in just over five months with many more locations on the way.

    By Jeff Wells • March 3, 2021
  • President Biden, Biden, executive order, climate
    Image attribution tooltip
    Retrieved from The White House/YouTube on January 29, 2021
    Image attribution tooltip

    Biden calls union reps 'real friends,' seeks their infrastructure input

    The president yesterday met with the leaders of several construction-related unions, nominated a new head of the National Labor Relations Board and bolstered his apprenticeship initiative. 

    By Feb. 18, 2021
  • United States $100 bills
    Image attribution tooltip
    "Money" by Ervins Strauhmanis is licensed under CC BY 2.0
    Image attribution tooltip

    Construction firms nab $13.7B total in PPP loans so far this year

    The industry is second in total 2021 Paycheck Protection Program amounts after the restaurant and hotel category.

    By Jennifer Goodman • Feb. 16, 2021
  • Image attribution tooltip

    Photo by Michael Weidemann via Unsplash 

    Image attribution tooltip

    5 creative ways malls are repurposing their spaces

    With lots of square footage and plenty of parking, shopping centers are rethinking ways to give their centralized locations new life. 

    By Kaarin Moore • Feb. 16, 2021
  • Report: Most construction ESOPs not significantly impacted by pandemic

    In a survey, 68% of construction firms with employee stock ownership plans reported their sustainability, cash flow and liquidity were not greatly affected, but 50% said 2020 profits took a hit.

    By Kim Slowey • Feb. 12, 2021
  • Despite COVID-19 layoffs, construction union membership held steady in 2020

    Newly released federal data also shows that wages for workers in unions and those covered by a union contract were greater than for nonunion workers.

    By Kim Slowey • Feb. 2, 2021
  • Sponsored
    Image attribution tooltip

    Ridofranz/iStock

    Image attribution tooltip
    Sponsored by SkillSmart

    Rebuilding an economy and growing diversity and inclusion

    Simplify workforce and business compliance tracking and reporting so you can focus on what you do best – construction.

    Feb. 1, 2021
  • Firms denied PPP forgiveness can take tax credit, IRS says

    A change Congress made in December allows the credit for some Paycheck Protection Program loan recipients.

    By Robert Freedman • Jan. 29, 2021
  • Report: Despite COVID-19, construction costs rose in these US cities

    A new analysis from Rider Levett Bucknall details how construction costs have changed across 12 markets since before the coronavirus pandemic began.

    By Jennifer Goodman • Jan. 28, 2021
  • Joe Biden signs executive orders on his first day as president
    Image attribution tooltip
    Retrieved from The White House/YouTube on January 21, 2021
    Image attribution tooltip

    Biden toughens Buy American rules

    The revised policies, which will apply to the administration's plans for infrastructure and energy projects, will have ramifications for construction firms that do business with the federal government.

    By Jennifer Goodman • Jan. 26, 2021
  • Image attribution tooltip
    Fotolia
    Image attribution tooltip

    Biden likely to raise corporate tax rate

    While President Joe Biden is expected to increase the top corporate tax rate to 28%, he may also push for new tax breaks for certain businesses.

    By Robert Freedman • Jan. 22, 2021
  • Image attribution tooltip
    Fotolia
    Image attribution tooltip
    Opinion

    Insurance 101 for small contractors

    Here are 10 ways that small and medium-sized construction firms can keep insurance costs low while maintaining proper coverage.

    By Rakesh Gupta • Jan. 22, 2021
  • Former Vice President of the United States Joe Biden speaking with attendees at the Presidential Gun Sense Forum hosted by Everytown for Gun Safety and Moms Demand Action at the Iowa Events Center in
    Image attribution tooltip
    "Joe Biden" by Gage Skidmore is licensed under CC BY-SA 2.0
    Image attribution tooltip

    How Biden's Inauguration Day executive orders will impact construction

    From a review of environmental regulations to new federal contracting rules and immigration policies, many of President Joe Biden's actions on his first day in office have ramifications for construction firms across the country.

    By Jennifer Goodman • Jan. 20, 2021