Commercial Building: Page 57
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3 US cities with the biggest increases in construction costs
In a recent report, Rider Levett Bucknall called attention to the workforce shortage construction faces and highlighted the need for new workers.
By Zachary Phillips • Aug. 10, 2022 -
‘Tougher times ahead’ for construction as July backlogs fall
As new work and profit expectations decline, ABC’s Anirban Basu said construction activity clearly “has begun to fade.”
By Joe Bousquin • Aug. 9, 2022 -
Trendline
Recruiting, retention and training in construction
A roundup on articles focus on recruiting and retention for construction.
By Construction Dive staff -
$2.3B GreenCity to break ground in 2023 near Richmond, Virginia
The "eco district" development includes cross-laminated timber and solar power to minimize environmental impacts.
By Sebastian Obando • Aug. 9, 2022 -
AECOM raises guidance amid higher profits, lower revenue
Backlog at the 10th largest U.S. contractor increased by 3.5% to $41.1 billion, but COVID-19 in China and industry staffing shortages remain as challenges.
By Joe Bousquin • Aug. 9, 2022 -
Fluor misses on estimates, trims guidance
The Irving, Texas-based company reported an 11% revenue decrease and narrowed its high-end guidance.
By Sebastian Obando • Aug. 5, 2022 -
July’s job gains ‘shockingly’ strong as construction adds 32K positions
The news wasn’t all good, though, as it gave the Fed more reason to keep raising interest rates.
By Joe Bousquin • Aug. 5, 2022 -
PCL Construction’s solar division has its eye on the sky
The company’s solar work is thriving, and an executive said it will be a large part of its strategy going forward.
By Matthew Thibault • Aug. 5, 2022 -
Q&A
Where manufacturing grows, warehouse demand follows: CBRE exec
Construction Dive talks with James Breeze, senior director at CBRE, about why warehouse demand will increase because of onshoring, and the Middle America markets that will benefit from new construction.
By Sebastian Obando • Aug. 5, 2022 -
Tutor Perini posts wide-ranging loss, pulls guidance for 2022
The Los Angeles-based contractor blamed reduced project execution, COVID-19 impacts and a reversal of previously awarded legal damages for its results, which came in far below analysts’ expectations.
By Joe Bousquin • Updated Aug. 5, 2022 -
Industry groups hit the road to promote engineering, public works careers
The campaign will spotlight the need for workers to help address the country’s pressing infrastructure challenges.
By Jennifer Goodman • Aug. 4, 2022 -
Freddie Mac expects multifamily contraction through the end of 2022
Macroeconomic headwinds include inflation and rising Treasury rates.
By Mary Salmonsen • Aug. 4, 2022 -
AECOM-Hunt Turner tops out concrete frame at $2B Intuit Dome
The future home of the Los Angeles Clippers went from concrete foundation to its top deck pour in just six months.
By Joe Bousquin • Aug. 4, 2022 -
$52B CHIPS Act a boon for construction, but challenges remain
Labor shortages, security clearances and the funding timeline still need to be addressed, experts say.
By Sebastian Obando • Aug. 3, 2022 -
Q&A
Code updates, sustainability spur mass timber’s US adoption
Nordic Structures’ David Croteau said demand for CLT is growing as companies like Google, Microsoft and Facebook seek to reduce their carbon footprints.
By Matthew Thibault • Aug. 3, 2022 -
Construction job openings plunged by 71,000 in June
Vacancies in the industry fell 17.5% as the debate over whether the U.S. is in a recession rages on.
By Joe Bousquin • Aug. 3, 2022 -
Q&A
Messer COO: ‘Be really good at the job you have’
Steve Bestard, the new COO of Messer Construction, riffed on his long career with the company and how to climb the ranks in construction.
By Matthew Thibault • Aug. 3, 2022 -
Did the US just sink into a recession?
Two consecutive quarters of economic contraction commonly defines a recession, but a construction economist sees growth ahead.
By Sebastian Obando • Aug. 2, 2022 -
Jacobs reports higher profits, more backlog but forecasts weak fourth quarter
The Dallas-based technical, professional and construction services firm beat both earnings and revenue estimates, but lowered its guidance for Q4.
By Sebastian Obando • Aug. 2, 2022 -
Lendlease breaks ground on $1.15B San Francisco tower
The mixed-use 30 Van Ness project represents the firm’s largest investment ever in North America.
By Jennifer Goodman , Zachary Phillips • Aug. 1, 2022 -
CHIPS Act passes House, secures $52B for semiconductor industry
Several massive manufacturing-related construction projects are depending on the act in order to move forward.
By Matthew Thibault , Sebastian Obando • July 28, 2022 -
Top 10 US metros for construction starts
The value of the commercial and multifamily sectors rose in top metro areas in the first half of 2022, per a new report.
By Julie Strupp • July 28, 2022 -
Jacobsen Construction completes one of country’s largest veteran care facilities
The 275,000-square-foot Department of Veterans Affairs facility in Phoenix opened its doors June 27, and will provide care for up to 500,000 patient visits each year.
By Sebastian Obando • July 28, 2022 -
Fed hikes interest rate again in bid to tamp down runaway inflation
The second consecutive 75-point hike follows “worse than expected” June results, with Chairman Jerome Powell stating a strong labor market still belies a current recession.
By Grace Noto • July 28, 2022 -
Tech giants plan to spend billions to construct new plants, data centers
Clients like Samsung, Panasonic and Google eye massive U.S. projects in coming years.
July 27, 2022 -
Cemex Ventures invests in 3D-printing tech for building
3D-printing firm Cobod said its proprietary mix can adapt normal cement to the specifications needed to print buildings.
By Matthew Thibault • July 27, 2022