Economy: Page 38
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Material prices continue to climb in February
New tariffs and U.S. economic policy have affected the prices for steel, aluminum and softwood lumber, but steel prices were already on the rise.
By Kim Slowey • March 15, 2018 -
Home Depot giving $50M for construction skills training
Such programs are part of an industry-wide push to encourage millennials and generations after them to explore the trades.
By Kim Slowey • March 12, 2018 -
Construction sees best month of job growth since March 2007
Construction accounted for one-fifth of net new job creation in the U.S. last month.
By Mary Tyler March • March 9, 2018 -
February sees second-straight month of slowdown in commercial sector
The Dodge Data & Analytics report said an increase in vacancy rates for offices and warehouses could be behind the sector's sluggish momentum.
By Kim Slowey • March 8, 2018 -
Is Seattle's building boom over?
There are still plenty of projects in the pipeline, but construction has declined in the past six months and Seattle's crane count has fallen by 22%.
By Kim Slowey • March 7, 2018 -
Most contractors optimistic about commercial construction industry
A USG + U.S. Chamber of Commerce report shows prefabrication and modular construction are picking up some slack created by the labor shortage.
By Kim Slowey • March 7, 2018 -
January construction spending unchanged at $1.26 trillion
January's construction spending failed to meet analysts' higher estimates, but was up 3.2% from January 2017.
By Kim Slowey • March 4, 2018 -
Trump signs orders for new aluminum, steel tariffs
According to a study by The Trade Partnership, construction could lose as many as 28,000 jobs in response to the tariffs.
By Kim Slowey , Mary Tyler March • March 2, 2018 -
Construction industry 'extremely positive' about nonresidential activity
Enthusiasm for 2018 construction activity boosted Wells Fargo's Optimism Quotient to a 20-year high.
By Kim Slowey • March 2, 2018 -
Dodge: January construction starts fall 2%, sign of 'decelerating expansion'
Highway and bridge construction took the worst hit, down 34% from December, while the nation still waits for the federal infrastructure plan to be solidified.
By Kim Slowey • Feb. 23, 2018 -
Employers tell Congress of opioid crisis struggles, but next steps remain unclear
Some businesses say they're struggling to find workers who can pass a drug test, further exacerbating the skills gap.
By Valerie Bolden-Barrett , Laurie Cowin • Feb. 21, 2018 -
January material prices up 1.1%
Year-over-year material prices rose 4.9%, and the Associated Builders and Contractors expect prices to continue to rise through 2018.
By Kim Slowey • Feb. 15, 2018 -
Dodge: 2017 commercial, multifamily construction starts decline in top markets
Even with a 16% drop in commercial and multifamily starts from 2016, the New York City metro area emerged as last year's leader. Overall, starts for all construction segments were up 3%.
By Kim Slowey • Feb. 15, 2018 -
Dodge Momentum Index sees early 2018 dip
Dodge Data & Analytics said January's decline was a correction following an unusually strong end to 2017.
By Kim Slowey • Feb. 8, 2018 -
Sponsored by Go Build
Build A Career in the Building Trades
With a projected industry growth of 22% by 2022, construction companies are aggressively searching for the next generation of talent in the skilled trades.
By Kevin Hilton (IMPACT) and Bob Woods (Go Build) • Feb. 8, 2018 -
New York City's construction workforce needs more women, minorities, NYBC says
The construction industry has long struggled to recruit and maintain underrepresented demographics, particularly women and people of color.
By Kim Slowey • Feb. 7, 2018 -
Construction adds 36K jobs in January
Though employment figures point to industry strength in the near future, contractors should monitor inflation that could push material and labor prices up.
By Kim Slowey • Feb. 5, 2018 -
US construction spending hit record high for second-straight month
December's record beat analyst expectations by 0.3% and marks the fifth-consecutive month of spending gains.
By Kim Slowey • Feb. 5, 2018 -
92% of employers say skills shortage affects productivity, job satisfaction
A report from Hays also found that a lack of training and development is one of the biggest contributors to the problem.
By Valerie Bolden-Barrett • Jan. 31, 2018 -
Office, industrial construction to rise in 2018 and 2019
According to the American Institute of Architects, nonresidential activity is expected to grow 4% both this and next year.
By Kim Slowey • Jan. 30, 2018 -
Percentage of immigrant construction workers on the rise
The increase is largely due to a lack of U.S.-born workers returning to the construction industry following the Great Recession.
By Kim Slowey • Jan. 26, 2018 -
'Reskilling crisis' emerging as 1.4M US jobs face technology disruption
Only 2% of workers have skills to immediately transition to new jobs, according to a World Economic Forum report.
By Naomi Eide • Jan. 24, 2018 -
December architecture billings strong, finish 2017's best quarter
The positive end to 2017 puts industry activity on solid ground for the coming months.
By Mary Tyler March • Jan. 24, 2018 -
Offsite construction to ramp up in 2018
The rise will be driven by factors including contractors' difficulty filling skilled labor positions and the need to complete projects faster and with fewer resources.
By Mary Tyler March • Jan. 17, 2018 -
Deep Dive
Automation's opportunities and threats
Despite its safety and productivity benefits, a new report indicates that automation could displace 2.7 million construction workers in the next 40 years.
By Laurie Cowin • Jan. 17, 2018