Facebook receives tax incentive to build fifth Altoona, Iowa, data center

The city will waive property taxes in exchange for the tech giant's $400 million investment.

By Jennifer Goodman • May 10, 2019

FAA projects massive growth in commercial drone use

The administration said the number could triple by 2023, far outpacing the consumer drone market, which it said appears to be slowing down.

By Jason Plautz • May 8, 2019

NYC region holds lead in struggling retail construction sector

While the decline of brick-and-mortar shopping caused double-digit decreases in the value of retail work underway in many metros, the city and its suburbs' work increased 4% last year, finds a new report.

By Kathleen Brown • May 6, 2019

Construction industry unemployment at record low

The case for an economic downturn over the next 18 months is fading fast, said an ABC economist, citing 103 months of continuous job creation.

By Kathleen Brown • May 6, 2019

Jacobs Engineering tops ENR's 2019 design firm rankings

The AEC powerhouse claimed the top spot for the second year running in a field where "technology now is the price of entry."

By Kathleen Brown • May 1, 2019

Construction, engineering M&As hit record in 2018: FMI

Companies are focused on growing while the economy remains strong and expanding tech capabilities as a differentiator against tough competition.

By Kathleen Brown • May 1, 2019

Steel Dynamics CEO: Quotas 'likely' to replace tariffs

A handful of quota supporters see them as a necessary evil that would stabilize the market after an initial period of shock, but opponents seem to be more vocal so far.

By Emma Cosgrove • April 29, 2019

World's most expensive place to build is now San Francisco

The city's average construction costs of $416 per square foot increased 5% in 2018 to surpass New York City.

By Kim Slowey • April 11, 2019

Developer-builder to invest $1B in heartland opportunity zones by 2022

Decennial Group aims to direct up to $20 billion of construction to the economically challenged tax havens during the next 10 years.

By Kim Slowey • April 9, 2019

Total February spending up 1%, highway segment up 9.5%

The numbers exceeded expectations and represented a rebound from weak spending at the end of 2018.

By Kim Slowey • April 5, 2019

By the numbers: How Trump's proposed 2020 budget affects construction

The Army Corps of Engineers, U.S. DOT and more would sustain heavy cuts in the president's move to curb spending, but defense- and emergency-related pools, along with targeted infrastructure grants, would see funding upticks.

By Kathleen Brown • March 19, 2019

$1B of work slated in Des Moines, Iowa

The soaring value of commercial building permits in 2018 is expected to hold its momentum, driven largely by urban renovations and suburban data centers.

By Kim Slowey • March 13, 2019

Wells Fargo: Nonresidential construction industry growth continues

The financial services firm joins most other industry observers in predicting a strong 2019 followed by potential uncertainty.

By Kim Slowey • March 8, 2019

Will economic uncertainty leave construction tech in limbo?

Now's the time to tidy up outdated processes, experts say, so that nothing stands in the way of technology's value when the downturn rears its ugly head. 

By Kathleen Brown • March 6, 2019

South Texas county backs $1.8B steel mill project with new reinvestment zone

State and local governments are willing to compete for projects like the Steel Dynamics mill in San Patricio County in part because they stimulate the economy during construction.

By Kim Slowey • Feb. 25, 2019

Trump light on trade, infrastructure details in State of the Union address

Though the White House spent much of 2018 attempting to steer the national conversation toward infrastructure, the topic received just two sentences with no specific appropriations mentioned.

By Emma Cosgrove • Feb. 6, 2019

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. 5, 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. 9, 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. 8, 2019

7 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. 7, 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. 4, 2019