Economy: Page 4
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2025 Outlook3 charts contractors should watch this year
Donald Trump's return to the White House and tight financing conditions are among the trends shaping building activity this year. Here are the most important indicators.
By Sebastian Obando • Jan. 7, 2025 -
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Multifamily starts fall dramatically
Apartment completions rose 13.6% year over year, markedly lower than the 61% YOY increase in October, while permits jumped.
By Leslie Shaver • Jan. 3, 2025 -
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Nonresidential spending dips
Despite a boom in data center projects, construction momentum has slowed due in part to elevated financing costs, according to ABC's chief economist.
By Jennifer Goodman • Jan. 3, 2025 -
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Tariffs could jump by $800B annually: PwC
Businesses should prepare for wide-ranging impacts stemming from a new presidential administration, including the need to revamp supply chains and cost structures.
By Suman Bhattacharyya • Jan. 2, 2025 -
Courtesy of Washington state DOT
Economic ReportsThe 9 largest commercial construction starts of November 2024
Total groundbreakings jumped 5% due to strong infrastructure activity, according to Dodge Construction Network.
By Sebastian Obando • Dec. 20, 2024 -
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TCJA extensions under Trump ‘very possible’: tax expert
Provisions from the 2017 Tax Cuts and Jobs Act could survive the legislation’s 2025 expiration date, said Anchin’s Fred Barotz during a recent webinar.
By Matthew Thibault • Dec. 19, 2024 -
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Fed trims main interest rate, signals prospect of less easing in 2025
Policymakers reduced the benchmark interest despite signs that their nearly three-year fight to push down inflation to their 2% target has stalled.
By Jim Tyson • Dec. 19, 2024 -
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Economic ReportsProject stress spikes ahead of expected rate cut
The increase in on-hold and abandoned projects suggests the market was “overly optimistic” about how much the Fed would cut rates, said a chief economist.
By Sebastian Obando • Dec. 17, 2024 -
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Economic ReportsConstruction input prices stay flat, but broader inflation jumps
November's data indicates stability in overall costs, but close analysis reveals mixed pressures for contractors, according to construction economists.
By Sebastian Obando • Dec. 13, 2024 -
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How CIOs can prepare for Trump’s tariffs plan
The president-elect has proposed tariffs on imported goods, stoking concerns about higher costs for electronics.
By Jen A. Miller • Dec. 11, 2024 -
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Economic ReportsBacklog holds steady as contractors eye private construction rebound
Infrastructure backlog remains a standout, posting year-over-year gains despite declines in other categories.
By Sebastian Obando • Dec. 11, 2024 -
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Economic ReportsTurner cost index rises 3.6% YOY
The benchmark compiled by the largest contractor in the country contrasted with the government’s PPI data for nonresidential construction.
By Joe Bousquin • Dec. 10, 2024 -
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Economic ReportsNovember 2024 economic roundup
Construction Dive tracks recent key industry data including backlog, planning activity, input costs, starts, job openings and spending.
By Sebastian Obando • Dec. 10, 2024 -
Courtesy of Texas Health Presbyterian Hospital Plano
Economic ReportsPlanning cools again on slower data center growth
Labor shortages and high construction costs have prevented projects from moving through the pipeline at a normal pace, according to Dodge Construction Network.
By Sebastian Obando • Dec. 9, 2024 -
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Balfour Beatty predicts growth in year-end update
The London-based builder projects a bump in revenue and backlog even as it said it faced delays in a number of its U.S. projects in the second half of 2024.
By Matthew Thibault • Dec. 6, 2024 -
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Trump vows new tariffs on Mexico, Canada, China
The countries are the top suppliers of imported goods to the U.S., and construction economists have concerns about the impact on material prices.
By Jennifer Goodman • Nov. 26, 2024 -
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Public construction firms’ executives react to Trump win
Noting the prospect of lower taxes and fewer permitting hurdles, construction company leaders were mainly optimistic in the wake of the presidential election.
By Joe Bousquin • Nov. 25, 2024 -
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Economic ReportsThe 9 largest commercial construction starts of October 2024
Total groundbreakings jumped 4% after a brief slowdown the prior month, according to Dodge Construction Network.
By Sebastian Obando • Nov. 22, 2024 -
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Economic ReportsTariff concerns loom over construction input prices
Potential trade policy changes under the incoming Trump administration could raise costs for a wide range of materials, economists say.
By Sebastian Obando • Nov. 14, 2024 -
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Economic ReportsProject abandonments, delays slow on interest rate cut
Private sector activity appears to be responding to the Fed's recent actions faster than publicly funded jobs.
By Sebastian Obando • Nov. 14, 2024 -
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Economic ReportsRate cut boosts optimism despite construction backlog dip
Builders feel upbeat about a pickup in activity over the next two quarters, according to Associated Builders and Contractors.
By Sebastian Obando • Nov. 12, 2024 -
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Q&AInfrastructure funds will continue to flow: PCL CEO
Chris Gower said one of the firm’s top priorities is to adapt to changes coming from a second Trump term.
By Matthew Thibault • Nov. 11, 2024 -
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Fed’s second rate cut this year raises hopes for commercial construction
The central bank aims to foster a more supportive lending environment, an encouraging sign for building activity.
By Sebastian Obando • Nov. 7, 2024 -
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Skanska bullish on US work amid upcoming White House changes
The Swedish firm reported strong construction performance in the States and said it anticipates that to persist.
By Zachary Phillips • Nov. 7, 2024 -
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Election 2024Trump win elicits optimism, concern among contractors
Though construction employer groups mostly praised the outcome, labor associations are troubled about a second Trump term.
By Sebastian Obando • Nov. 7, 2024
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