Economy: Page 4

  • New York City skyline
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    Gian Lorenzo Ferretti Photography via Getty Images
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    Construction takes bigger bite out of the Big Apple

    Building expenditures in New York City will jump 10% above pre-pandemic levels by the end of 2023 to reach $83 billion, according to a new report.

    By • Oct. 19, 2023
  • Construction workers build a residential high rise on October 02, 2023 in Miami, Florida.
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    Joe Raedle/Getty Images via Getty Images
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    Economic Reports

    Construction starts tumble as megaprojects, manufacturing falter

    In addition, the Architecture Billings Index, a measure of future construction work, posted its lowest score since December 2020.

    By • Oct. 19, 2023
  • Construction site Explore the Trendline➔
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    sandsun via Getty Images
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    Trendline

    Top 5 stories from Construction Dive

    Construction Dive editors curate some of the industry’s top stories from this year.

    By Construction Dive staff
  • A rendering of an office building in Dallas
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    Permission granted by Goldman Sachs
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    Goldman Sachs, developer break ground on $500M Dallas campus

    Balfour Beatty will reportedly build the all-electric facility, which comes at a time of soaring office vacancies in the city.

    By • Oct. 17, 2023
  • Construction barrels sit next to a highway work zone
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    jimmyan via Getty Images
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    Construction input prices rise again as energy costs soar

    More increases could soon follow due to conflicts in energy-producing countries, said the ABC’s chief economist.

    By • Oct. 12, 2023
  • A red construction frame in front of a high-rise building under construction.
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    JARAMA via Getty Images
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    Backlog dips, but contractor confidence remains high

    Despite firms’ stable profit margins and expanding sales, the economy faces several challenges that could affect construction, said ABC’s chief economist.

    By • Oct. 11, 2023
  • A large group of people in clothes ranging from casual to business casual mill about an exhibit hall at a trade conference. Booths are set up all around them, and people mill about.
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    Courtesy of World of Concrete
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    2024’s top construction events

    It’s time to plan for the year ahead. Construction Dive has you covered with a full list of industry conferences, expos and meetings on tap for 2024.

    By • Updated Jan. 12, 2024
  • The sun sets on the facade of the U.S. Treasury Department.
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    mrbfaust via Getty Images
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    10-year Treasury hits highest level since 2007

    As rates skyrocket, multifamily construction deals and transactions get even harder to pencil out.

    By Leslie Shaver • Oct. 10, 2023
  • A construction worker communicates with more workers atop a structure being built.
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    Panupong Piewkleng via Getty Images
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    Construction job openings inch down

    The labor market appears to be cooling, but construction labor woes won’t go anywhere anytime soon, an economist says.

    By • Oct. 4, 2023
  • Construction workers carry building materials through the Stamford Transportation Center
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    John Moore/Getty Images via Getty Images
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    Economic Reports

    Manufacturing continues to drive construction spending

    An uptick in megaproject funding drove overall nonresidential outlays higher for the third consecutive month, according to U.S. Census Bureau data.

    By • Oct. 2, 2023
  • An engineer looks at a table while overseeing a construction site.
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    sculpies/iStock/Getty Images Plus via Getty Images
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    Contech Funding

    5 construction technology firms snare funding

    Three startups completed seed rounds and two established companies bolstered their coffers in recent months.

    By • Sept. 27, 2023
  • U.S. capitol building with stormy skies
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    Douglas Rissing via Getty Images
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    ‘Everybody’s going to be impacted’: Fed shutdown would delay civil work

    Infrastructure projects will be held up if the government is not funded by Sunday, according to the White House and association leaders.

    By • Updated Sept. 27, 2023
  • A collection of people in business attire stand against a backdrop curtain in the middle of a barren area. They have shovels. They are shoving the shovels into the dirt.
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    Courtesy of VinFast
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    Economic Reports

    Manufacturing, transportation gains lift construction starts

    Factory project kickoffs continued their tear, rocketing 285% from the month before.

    By • Sept. 22, 2023
  • Workers prepare to lift a new pedestrian bridge into place at the Stamford Transportation Center on August 26, 2023 in Stamford, Connecticut.
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    John Moore/Getty Images via Getty Images
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    Q&A

    Construction M&A deals slow after record run

    A rebound in mergers and acquisitions should come later this year as economic confidence and financing conditions improve, says a banking executive.

    By • Sept. 21, 2023
  • Aerial view of the planned Scout Motors EV plant in Blythewood, South Carolina.
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    Courtesy of Scout Motors
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    3 manufacturing megaprojects delayed by labor, permitting issues

    Teams have hit pause on Scout Motors’ $2 billion EV plant in South Carolina and American Battery Factory’s $1.2 billion facility in Arizona.

    By • Sept. 20, 2023
  • A block of apartment complexes
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    Arturo Rosenow via Getty Images
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    Returns for apartments continue to fall

    A real estate industry report ranks the areas of the country with the most and least returns for multifamily investors.

    By Leslie Shaver • Sept. 19, 2023
  • a rendering of a car race on the Las Vegas Strip
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    Permission granted by Las Vegas Grand Prix 2023
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    Major construction in Vegas ahead of Formula 1 race

    The city will see $8 billion worth of projects this year, including some for the Grand Prix in November.

    By • Sept. 19, 2023
  • A nighttime view of a city skyline, with streaks of light from the highway in the foreground.
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    The image by Maciek Lulko is licensed under CC BY 2.0
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    Q&A

    Atlanta construction exec deals with supply chain snarls

    DPR Construction’s Kali Bonnell sees positive indicators for the industry, including a strong pipeline of projects.

    By • Sept. 19, 2023
  • Contractors meeting and planning blueprints
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    Freedomz/Shutterstock

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    Sponsored by Sensera Systems

    Inside contractors’ top concerns in 2023 and into 2024

    The biggest challenges facing the industry today, plus tips for thriving during uncertain times.

    Sept. 18, 2023
  • Worker prepare to lift a new pedestrian bridge into place at the Stamford Transportation Center on August 26, 2023 in Stamford, Connecticut.
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    John Moore/Getty Images via Getty Images
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    Economic Reports

    Construction prices jump for first time in 6 months

    A surge in fuel costs pushed the building materials index higher, dashing hopes of cooling inflation.

    By • Sept. 15, 2023
  • A security guard stands vigil at the Stamford Transportation Center on August 28, 2023 in Stamford, Connecticut.
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    John Moore/Getty Images via Getty Images
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    Economic Reports

    Infrastructure backlog jumps 24%, pushing demand to ‘upper end of historic levels’

    Despite a slew of headwinds, the country’s biggest contractors continue to book more new business, said Anirban Basu, ABC chief economist.

    By • Sept. 13, 2023
  • Entrance greeting sign on the highway border between Nevada and Arizona
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    Pgiam via Getty Images
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    Best 10 states for small business taxes

    A new report analyzed federal data to find the most tax-friendly states for small businesses such as specialty contractors, subcontractors and home builders.

    By • Sept. 12, 2023
  • Aerial view of the Northern Virginia Gateway Data Center site in Fredericksburg, Virginia.
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    Courtesy of Northern Virginia Gateway Data Center
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    Economic Reports

    Construction planning posts largest drop since March

    Commercial and institutional activity are likely to continue to be constrained for the rest of 2023, as evidenced by a key index’s sixth straight decline.

    By • Sept. 11, 2023
  • Rendering of Entek's $1.5 billion manufacturing facility in Terre Haute, Indiana
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    Courtesy of Clayco
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    Project Milestones

    Clayco breaks ground on $1.5B Indiana manufacturing plant

    The Chicago-based general contractor will self-perform the concrete foundations, flatwork, tilt-up wall panels and concrete paving on the lithium-ion battery separator materials hub.

    By • Sept. 6, 2023
  • A construction worker walks through the Stamford Transportation Center on August 28, 2023 in Stamford, Connecticut.
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    John Moore/Getty Images via Getty Images
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    Economic Reports

    Construction spending growth looks ‘solid going forward’

    Strong nonresidential hiring numbers and several massive projects in development signal more investment ahead, according to ABC’s chief economist.

    By • Sept. 5, 2023
  • Aerial view of the QScale data center in Quebec, Canada
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    Courtesy of QScale
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    Q&A

    Data center construction rides AI wave: CBRE director

    Rapid growth in artificial intelligence is fueling data center demand.

    By • Aug. 22, 2023