Economy: Page 43
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Foxconn walks back statements about potential MI investment
The Taiwanese electronics manufacturer said Michigan is in contention for an autonomous vehicle research facility, but it is still exploring building in that state.
By Kim Slowey • Aug. 8, 2017 -
ConstructConnect lowers 2017 starts forecast amid infrastructure uncertainty
The civil engineering sector stands to gain from an expected program of federal infrastructure spending, but limited details so far has made forecasting difficult.
By Kim Slowey • Aug. 7, 2017 -
Toyota and Mazda to build a $1.6B US auto assembly plant
The companies have yet to pick a site for the shared facility, a move that represents more foreign companies bringing manufacturing capacity to the U.S.
By Kim Slowey • Aug. 7, 2017 -
Construction adds 6K jobs in July as residential fuels growth
The month's employment figures were driven by residential construction, which added 5,100 positions to its payrolls.
By Mary Tyler March • Aug. 4, 2017 -
Report: Crane counts flying high in major US cities
Of the 14 cities Rider Levett Bucknall looked at, the number of cranes declined in only three.
By Kim Slowey • Aug. 2, 2017 -
Sponsored by RICS
How to enhance cost management and overcome the construction labor shortage gap in the US
With increased demand of construction projects, there is a parallel increase in costs for materials, land and also construction laborers and professionals.
Aug. 1, 2017 -
Construction spending falls back in June
Analysts had predicted strong spending growth in 2017, but uncertainty over a federal infrastructure plan has some owners and developers holding out.
By Mary Tyler March • Aug. 1, 2017 -
Los Angeles negotiates deal for 2028 Summer Olympics
The city will see a bigger financial payout from the International Olympic Committee in exchange for agreeing to host the Games after Paris does in 2024.
By Kim Slowey • Aug. 1, 2017 -
Austrian wood-products maker Egger to build $700M NC factory
The new plant will supply one of the state's major industries — furniture manufacturing — and will have a local labor pipeline familiar with the material.
By Kim Slowey • July 28, 2017 -
Marriott signs $600M development deal for Bethesda, MD HQ
The hotel company had to resolve zoning restrictions in the popular Washington, DC, suburb before it could commit to building there.
By Kim Slowey • July 28, 2017 -
The number of US renter households hits 50-year high
The increase draws attention to the trend toward single-family rentals as well as the push for more and better amenities across the board.
By Hallie Busta • July 28, 2017 -
How US infrastructure needs stack up globally
The world will fail to meet its collective infrastructure needs if countries don't increase spending. Right now, the U.S. has the biggest shortfall.
By Kim Slowey • July 26, 2017 -
RCLCO: Real estate investors maintain 'cautious optimism'
The continued lack of details and relatively slow action around how Trump's infrastructure agenda will take shape has dampened investor enthusiasm.
By Kim Slowey • July 25, 2017 -
ConstructConnect: June nonresidential starts fall 13.7%
All four categories tracked in the report experienced declines, with industrial falling the most month-to-month at 36.7%.
By Kim Slowey • July 21, 2017 -
For better roads, majority of Americans would back gas-tax hike
A Bloomberg poll found bipartisan support for paying more at the pump to generate additional funds for infrastructure spending.
By Hallie Busta • July 21, 2017 -
Facebook reveals NM data center expansion plans
The social media giant, which was courted by the state with offers of economic development funding, is getting a 30-year pass on property taxes.
By Kim Slowey • July 20, 2017 -
US transportation infrastructure to end 2017 on high note
The uncertainty surrounding President Donald Trump's infrastructure plans didn't push Fitch Rating's mid-year forecast into negative territory.
By Kim Slowey • July 20, 2017 -
Downtown Detroit gearing up for $5.4B in development
Global real estate firm CBRE said at least 70 projects are underway or planned for the next three years as the Midwest city continues to rebound.
By Kim Slowey • July 19, 2017 -
Architecture billings hit fifth-straight month of growth in June
The multifamily residential segment carried the increase in demand for design services, jumping from a reading of 51.3 to 57.1 for the month.
By Mary Tyler March • July 19, 2017 -
Housing starts rebound in June
The monthly report beat analyst expectations, with strong growth in single- and multifamily starts and in permit authorizations.
By Mary Tyler March • July 19, 2017 -
Trump broadens NAFTA objectives ahead of talks
Meanwhile, trade issues including the U.S.–Canada softwood lumber deal remain up in the air, though some observers say those talks could heat up this summer.
By Kim Slowey • July 19, 2017 -
Baton Rouge, LA leads US cities in construction, extraction jobs
However, markets like Detroit may be a better bet for workers whose sole focus is construction, according to apartment listing and research company Abodo.
By Kim Slowey • July 19, 2017 -
Builder optimism continues to slide in July
Concerns over rising material prices drove the National Association of Home Builders/Wells Fargo Housing Market Index to its lowest reading since November.
By Mary Tyler March • July 18, 2017 -
Deep Dive
Inside the mind of a first-time homebuyer
What do new buyers want when they hit the market? We talked with first-timers and housing experts to help builders understand how to reach this group.
By Joe Dyton • July 14, 2017 -
CT leads US states in highest home energy bills
Meanwhile, states in the South reported the highest energy consumption per user, according to a WalletHub analysis of monthly energy use across the country.
By Mary Tyler March • July 14, 2017
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