Adolfson & Peterson taps former PCL vet as new COO

Brad Hendrickson spent 31 years with the Edmonton, Alberta-based firm before moving over to AP in 2021.

Construction job openings drop 42% YOY as labor churn accelerates

Demand for construction workers has softened in recent months amid uncertainty stemming from President Donald Trump’s tariffs.

Turner Construction establishes VC arm

Turner Ventures will focus on climate, proptech and digitization while giving startups direct access to the largest construction firm in the country.

Nonresidential construction prices notch ‘far-too-hot’ 9% annualized gain

Goosed by trade fears and rising iron, steel and lumber costs, inputs are likely to post year-over-year jumps for 2025, according to Associated Builders and Contractors.

Balfour Beatty wary of tariffs amid profit dip

The London-based builder reported a jump in U.S. backlog and continues to see value in infrastructure work, but increased material prices could cause more pain.

Rays exit $1.3B stadium deal

After Hurricane Milton damaged Tropicana Field and created economic uncertainty in St. Petersburg, Florida, funding delays were too much, the team’s owner said.

Stantec joins $800M Mojave Desert water project

Water company Cadiz tapped the engineering firm to oversee construction of a massive groundwater bank that will supply California and Arizona.

IRA credits, energy demand continue to drive renewables investments

Despite the Trump administration’s focus on fossil fuels and opposition to the IRA, analysts anticipate the renewables market will continue benefiting from high energy demand.

After 5 years, construction still reels from COVID’s labor impact

Though building's “essential” status kept workers busy through lockdowns, the industry still has not recovered from the blow to an already-persistent trades shortage.

Updated March 13, 2025

Construction groups decry PRO Act’s reintroduction

Sen. Bernie Sanders was among the legislators to resubmit the law, which would make it easier for workers to form unions.

Boeing taps HITT, BE&K for South Carolina expansion

The contractors will build out the facility, which manufactures the 787 Dreamliner aircraft, as part of the aerospace firm’s $1 billion investment in the location.

How DOGE will impact Washington, DC-area apartment owners

Cuts to the federal workforce have multifamily pros wondering about potential effects on one of the country's hottest markets.

5 years after COVID hit, contractors still wait for prices to come down

Although supply chains have rebounded, material costs are 40% higher than before the global pandemic started, and new tariffs could bring more hikes.

Large construction firms expand backlogs as smaller firms struggle

The amount of work on builders’ books highlights a growing divide between contractors based on size, according to Associated Builders and Contractors.

Lori Chavez-DeRemer confirmed as labor secretary

How DOL will proceed now is not clear, though there are hints the agency may be assuming an unusually pro-worker stance for a Republican administration.

You’re not losing on price — you’re losing on process

Successful construction industry salespeople must hone this core set of competencies in order to win more projects, says consultant Chad Prinkey.

Agentic AI is the new tech buzzword. Here’s what builders need to know.

The next step beyond generative AI, these applications can operate in a more autonomous fashion, but there’s still room for improvement.

Oracle exec signals all-in AI agent strategy as competition heats up

The software giant is among several enterprise software companies that have begun rolling out products leveraging the nascent technology.

DOT removes equity, environmental factors from IIJA funding decisions

The move rolls back a Biden-era policy that included these considerations in decision-making criteria for infrastructure projects.

Austin, Texas, light rail project advances amid political uncertainty

The $7 billion light rail project unveiled its draft environmental impact statement in January. The project could face federal funding challenges and state opposition.

Bipartisan bill seeks deadlines for union contract agreements

The Faster Labor Contracts Act would put a clock on labor negotiations once workers vote to form a union.

Canada’s Graham Construction scoops up XL Industries

The deal will add $1.4 billion in backlog from California’s XLI, which specializes in advanced technology, life science and healthcare projects.

New York construction deaths reach highest number in 10 years

In 2023, 74 workers died in the state, including 30 in New York City, according to a new report.

February 2025 economic roundup

Indicators still point to overall strength in construction, but short-term headwinds could derail that positivity.

Public builders bullish on infrastructure, data centers, energy

Executives largely brushed off tariff and policy concerns on their latest round of earnings calls.