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

Life sciences boom could fizzle

CBRE said that momentum may falter in three major cities after a rush of investment in the space this year.

By Sebastian Obando • Jan. 11, 2024

Stantec acquires Morrison Hershfield, boosts Canadian presence

Edmonton-based Stantec, which has more than half of its offices in the U.S., will grow its workforce in Canada by 10%.

By Matthew Thibault • Jan. 10, 2024

AI, robotics dominate 2024’s construction tech forecast

Expect machines trained on “large behavior models,” more mass timber, prefab and 3D printing. But always keep jobsite safety in mind, experts say.

By Matthew Thibault • Jan. 10, 2024

High prices are slowing for road builders, but challenges lay ahead

Despite cooling inflation, rising costs will still be an issue this year, especially as labor continues to be in short supply, experts say.

By Jen A. Miller • Jan. 9, 2024

Debts, lawsuits force Detroit builder to file bankruptcy

Unpaid bills on the $30 million Dreamtroit project caused problems for MiG Construction.

By Matthew Thibault • Jan. 8, 2024

4 charts break down winning, losing sectors in 2024

Some types of construction are starting the new year with a bang, while others will continue to wither, experts say.

By Sebastian Obando • Jan. 8, 2024

17 states are cutting income taxes this year

Among the states with lower tax burdens is Arkansas, where corporate income tax rates are dropping to 4.80% this year from 5.30%.

By Maura Webber Sadovi • Jan. 8, 2024

Nonresidential spending dips, ending 17 months of growth

Despite a 0.1% decrease in November, several sectors — including manufacturing, healthcare and roadwork — saw gains.

By Zachary Phillips • Jan. 4, 2024

Wisconsin to spend $414M on wastewater, storm infrastructure

The largest amount ever from the state’s Clean Water Fund will flow to 84 municipalities.

By Matthew Thibault • Dec. 22, 2023

High interest rates knock construction starts to 10-month low

Following October’s staggering 32% drop, nonbuilding work fell another 2% in November, with the highway and bridge sector tumbling 8%, according to Dodge.

By Sebastian Obando • Dec. 21, 2023

US regulators flag commercial real estate as a leading risk in 2024

“Signs of stress emerged in 2023, and the market outlook is challenging” for commercial real estate, according to the Financial Stability Oversight Council.

By Jim Tyson • Dec. 21, 2023

This year’s top tech stories

From ChatGPT to robots and contech funding, here are the topics that were most popular with our readers.

By Matthew Thibault • Dec. 20, 2023

The biggest office starts of 2023

While owner financing is likely driving some deals on glittering new headquarters, quickly maturing loans on existing properties signal challenges ahead.

By Sebastian Obando • Dec. 20, 2023

Top infrastructure stories of 2023

From airport expansions and dam removals to federal funding and legal wranglings, here are the articles that were most popular with our readers.

By Julie Strupp • Dec. 19, 2023

5 tactics to tell — and sell — your firm’s story

Once you know what you want to say to potential clients, decide how best to present it.

By Chemene Phillips • Dec. 14, 2023

4 contech firms, $60M in funding

Amid a challenging venture capital environment and the struggles of their larger peers, contech startups continue to find fundraising success.

By Matthew Thibault • Dec. 13, 2023

Infrastructure nudges backlog higher as other sectors struggle

A growing number of contractors face difficulties in securing new work, according to Associated Builders and Contractors.

By Sebastian Obando • Dec. 13, 2023

Minneapolis Fed sees pain in residential, commercial construction

A survey by the bank highlighted the divide between hard-hit private projects and booming industrial and infrastructure markets.

By Joe Bousquin • Dec. 11, 2023

Balfour Beatty backlog, revenue inch up in year-end update

The company expects marginal gains driven by its work on Phase 1 of Britain’s HS2 rail project and increased airport construction activity in Hong Kong.

By Matthew Thibault • Dec. 11, 2023

Construction spending inches higher

Manufacturing and infrastructure investments fueled a 0.1% uptick in October, but warehouse and distribution center outlays tumbled.

By Sebastian Obando • Dec. 1, 2023

Office construction may never return to pre-pandemic levels

Despite some massive office towers breaking ground, Dodge Chief Economist Richard Branch expects starts in the sector to continue to tumble.

By Sebastian Obando • Nov. 28, 2023

Profits fall for many public firms, partly due to inflation

Amid soaring costs, several construction industry giants reported lower gains in recent earnings reports.

By Construction Dive Staff • Nov. 28, 2023

Construction starts drop 7%, marking second consecutive loss

Despite three megaprojects kicking off, high interest rates and tight credit restrained activity last month.

By Sebastian Obando • Nov. 22, 2023

3 steps to a profitable exit strategy

To make the most money when it’s time to sell, owners need to focus on building value in their firms, writes construction consultant Matt Verderamo.

By Matt Verderamo • Nov. 21, 2023