Economy: Page 8

  • Multiples rows of homes burned in California fires.
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    Mario Tama via Getty Images
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    How California wildfires are affecting supply chains

    While no major warehouse impacts have been reported, a spike in building materials demand could create shortages.

    By Alejandra Carranza • Jan. 31, 2025
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    Permission granted by PCL Construction
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    PCL ramps up manufacturing group for onshoring surge

    The move aligns the firm's pros from different geographies under one fully integrated team.

    By • Jan. 31, 2025
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    Permission granted by Associated General Contractors of America
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    Trendline

    Labor

    A roundup of articles about issues affecting the workforce.

    By Construction Dive staff
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    Q&A

    Circularity, sustainability provide opportunities: VC lead

    Eduardo Gomez, the head of CRH Ventures, said the firm uses its accelerator programs to find standout startups and potential business partners.

    By • Jan. 29, 2025
  • Rendering of the $1.6 billion hospital on the Harris Health Lyndon B. Johnson Hospital Campus in northeast Houston.
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    Courtesy of Harris Health
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    Economic Reports

    9 largest commercial construction starts of December 2024

    Billion-dollar projects including a hospital replacement in Houston and a Hard Rock Hotel in Las Vegas kicked off even as overall construction activity cooled to close the year.

    By • Jan. 27, 2025
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    Sponsored by American Express

    American Express is supporting fast technician training with BILT

    More and more businesses are bringing their operations online, and the construction industry is working to keep pace with the business world’s digital transformation.

    Jan. 27, 2025
  • Two pairs of people in construction gear shake hands in a building on a rainy day.
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    ‘Your main challenge in 2025’: finding workers

    The construction industry needs nearly half a million more workers, particularly those with trades skills and experience, to deliver on project demand, per Associated Builders and Contractors.

    By • Jan. 24, 2025
  • President Donald Trump signs an executive order in the Oval Office in Washington, D.C., on Jan. 20, 2025.
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    Anna Moneymaker via Getty Images
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    Trump takes action around energy, immigration, tariffs

    The newly sworn-in president issued several executive orders on Monday that could impact contractors.

    By Jennifer Goodman • Jan. 21, 2025
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    Permission granted by American Express
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    Sponsored by American Express

    American Express is connecting contractors to Billd’s extended payment terms for materials purchases

    American Express and Billd are teaming up to help eligible construction companies access working capital through extended payment terms.

    Jan. 21, 2025
  • Donald Trump raises hand with a crowd of people behind him.
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    Chip Somodevilla via Getty Images
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    What to expect as Trump takes office

    As the President-elect is sworn in on Monday, here’s what contractors need to know about how his administration could impact the industry.

    By Construction Dive Staff • Jan. 17, 2025
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    Scott Olson/Getty Images) via Getty Images
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    Economic Reports

    Construction input prices hold steady, but contractors brace for hikes

    A majority of builders cited rising costs and tariffs as top issues for the year ahead.

    By • Jan. 15, 2025
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    Mario Tama/Getty Images via Getty Images
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    Economic Reports

    Contractors breathe ‘sigh of relief’ as project stress drops

    The measure of paused, abandoned and delayed bid builds now sits well below its January 2024 peak, according to ConstructConnect.

    By • Jan. 14, 2025
  • In an aerial view, the groundwork for apartments is seen undergoing construction on March 19, 2024, in Austin, Texas
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    Brandon Bell/Getty Images via Getty Images
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    Economic Reports

    December 2024 economic roundup

    Construction Dive tracks recent key industry data including backlog, planning activity, input costs, starts, job openings and spending.

    By • Jan. 13, 2025
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    2025 Outlook

    Will contractors scramble for labor this year? It depends.

    Firms that build multi-year megaprojects may have more success finding construction workers, experts say.

    By • Updated Jan. 13, 2025
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    Opinion // Business Matters

    Resolve to win more jobs in the new year

    Running a construction company is hard, but these steps can lead to a more profitable business, writes consultant Matt Verderamo.

    By Matt Verderamo • Jan. 9, 2025
  • A stock photo shows two construction workers having a difficult conversation.
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    Economic Reports

    Job openings drop 40% YOY

    The latest hiring report indicates contractor uncertainty around the presidential election and what the year will bring, according to a construction economist.

    By • Jan. 8, 2025
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    Courtesy of California High-Speed Rail Authority
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    2025 Outlook

    5 ways Trump could impact infrastructure construction in 2025

    The incoming administration promises new policies that could affect permits, materials, labor and project funding.

    By Julie Strupp • Jan. 7, 2025
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    2025 Outlook

    3 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 • Jan. 7, 2025
  • Crane and building under construction against blue sky
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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
  • Several bright signs and cones indicate a lane is closed for construction work.
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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
  • Protesters hold up signs with messages proclaiming "Tariffs are taxes" and "We don't want tariffs" in front of the U.S. Capitol
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    Mark Wilson via Getty Images
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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
  • Aerial view of the east end of the SR 520 Montlake interchange
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    Courtesy of Washington state DOT
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    Economic Reports

    The 9 largest commercial construction starts of November 2024

    Total groundbreakings jumped 5% due to strong infrastructure activity, according to Dodge Construction Network.

    By • Dec. 20, 2024
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    Zach Gibson via Getty Images
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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 • Dec. 19, 2024
  • Federal Reserve Chair Powell Holds A News Conference Following The Federal Open Market Committee Meeting
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    Anna Moneymaker/Getty Images via Getty Images
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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
  • A construction worker signs the final beam before it was put in place
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    Courtesy of Cirba Solutions
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    Economic Reports

    Project 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 • Dec. 17, 2024
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    Spencer Platt/Getty Images via Getty Images
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    Economic Reports

    Construction 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 • Dec. 13, 2024