Economy: Page 8
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Economic ReportsInflation, interest rates contribute to backlog dip
Higher borrowing costs may stick around for longer than anticipated, which could upset economic momentum, said Anirban Basu, ABC chief economist.
By Sebastian Obando • March 12, 2024 -
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Economic ReportsOffice sector drags down construction planning
Nonresidential planning slowed as workers continue to log in from home, but most other categories showed growth, according to Dodge Construction Network.
By Sebastian Obando • March 8, 2024 -
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Economic ReportsWeather, financing woes end 19-month construction spending streak
Despite the drop, contractor confidence remains high for the near term, according to Associated Builders and Contractors.
By Sebastian Obando • March 4, 2024 -
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Supply chain headaches persist 4 years into pandemic
As the fourth anniversary of COVID-19’s arrival in the U.S. nears, contractors are still dealing with challenges around materials pricing and availability.
By Shefali Kapadia • Feb. 29, 2024 -
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Wells Fargo CFO calls commercial real estate a ‘long movie’
The office market is under the most pressure, the bank’s finance chief Michael Santomassimo said on Monday.
By Maura Webber Sadovi • Feb. 28, 2024 -
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Regional ReportTampa’s sunny construction market has builders feeling good
Contractors in Tampa — a big city with a small town feel — reap the benefits of one of the fastest-growing metros in the U.S.
By Matthew Thibault • Feb. 27, 2024 -
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Economic ReportsConstruction starts flatline even as manufacturing accelerates
Expected interest rate cuts in the second half of 2024 should spur more groundbreakings as the year progresses, according to Dodge.
By Sebastian Obando • Feb. 23, 2024 -
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9 of the top contech deals of 2023
Autonomous drone technology, metal reclamation and modular construction topped the list of the biggest contech funding rounds last year.
By Matthew Thibault • Feb. 21, 2024 -
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Economic ReportsInput prices rise after 3 months of decline
The first increase since September highlights the ongoing presence of material price volatility, said Anirban Basu, Associated Builders and Contractors’ chief economist.
By Sebastian Obando • Feb. 20, 2024 -
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Q&ASlowdown ahead due to interest rates, GC exec says
As people move to the Southeast, Samet Corp. has seen an increase in demand for multifamily and public projects, according to CFO Doug Beane.
By Zachary Phillips • Feb. 14, 2024 -
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Inflation edges up, pushing back forecast of first Fed rate cut
Futures traders now see a 52% probability that policymakers in June will cut the federal funds rate from its current peak level between 5.25% and 5.5%.
By Jim Tyson • Feb. 14, 2024 -
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Economic ReportsBacklog dips again amid tight lending conditions
The heavy industrial sector saw large gains, while institutional and infrastructure segments dropped.
By Matthew Thibault • Feb. 14, 2024 -
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Regional ReportDallas bucks national office construction slump
The city leads the U.S. in office space under construction, according to commercial real estate services firms Cushman & Wakfield and CBRE.
By Sebastian Obando • Feb. 9, 2024 -
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Construction planning inches higher despite commercial weakness
Though Dodge Construction Network expects momentum to pick back up in the second half, private project planning remains challenged by a difficult financing environment.
By Sebastian Obando • Feb. 9, 2024 -
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Economic ReportsPublic construction spending soars, but private projects still face hurdles
Highway and street projects are flush with cash, but high interest rates, labor shortages and regulatory delays are weighing on commercial projects.
By Sebastian Obando • Feb. 2, 2024 -
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The Dotted Line: Legal trends to watch in 2024
Contracts are evolving in an era of persisting supply chain problems, inflation and cyber risks, construction attorneys say.
By Julie Strupp • Jan. 30, 2024 -
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Deep DiveWhy contractors are still all in on manufacturing projects
Despite the sector’s recent deceleration in starts, firms with factory construction specialization are scaling up for more demand.
By Sebastian Obando • Jan. 29, 2024 -
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Union approval at a record high, despite falling rates
While the percentage of the workforce that is unionized is declining, “membership is growing in value,” a Gallup report indicated.
By Caroline Colvin • Jan. 29, 2024 -
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Contractors should brace for weaker conditions: AIA
On the heels of “surprisingly strong” performance in 2023, a new report predicts that declining property values, tighter credit and higher input costs will hamstring growth this year and next.
By Matthew Thibault • Jan. 26, 2024 -
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What contractors need to know for 2024
It’s anyone’s guess what will happen in the next 12 months, but these insights from construction pros can help bring the year into focus.
By Construction Dive Staff • Jan. 25, 2024 -
2024 OUTLOOK
3 infrastructure trends for 2024
The civil sector will confront a shifting regulatory landscape, burgeoning digitalization and evolving procurement norms this year.
By Julie Strupp • Jan. 23, 2024 -
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Construction starts jump 20%
December’s rebound after three down months signaled “the planning queue is stabilizing,” according to Dodge’s chief economist.
By Sebastian Obando • Jan. 19, 2024 -
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Economic ReportsBacklog increases amid easing credit conditions
Builder confidence in securing new work also jumped, fueled by the expectation of rate cuts.
By Sebastian Obando • Jan. 16, 2024 -
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Economic ReportsConstruction input prices drop 3 months in a row
Despite the sustained cost moderation, some sticker shock could return in 2024, ABC Chief Economist Anirban Basu said.
By Sebastian Obando • Jan. 16, 2024 -
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Inflation inches up, signaling prospect of extended Fed fight
The consumer price index last month rose more than anticipated, with gains in the cost of services staying stubbornly high.
By Jim Tyson • Jan. 12, 2024
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