Economy


  • President Donald Trump speaks during a presentation in the Oval Office of the White House on Aug. 6, 2025, in Washington D.C.
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    Win McNamee via Getty Images
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    Trump plans 100% tariffs for semiconductor imports

    Chips are one of several product types currently under Section 232 investigation by the White House, a frequent precursor to duties.

    By Philip Neuffer • Aug. 7, 2025
  • The United States flag and the Virginia state flag are shown in front of monopile foundations being delivered to a port in Virginia.
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    Courtesy of Dominion Energy
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    Dominion’s offshore wind project sees slight price hike from tariffs, CEO says

    The added expenses will increase customer bills by an average of three cents a month over the entire life of the project, said Bob Blue, Dominion’s president, CEO and chairman.

    By Diana DiGangi • Aug. 5, 2025
  • Construction site Explore the Trendline
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    sandsun via Getty Images
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    Trendline

    Top 5 stories from Construction Dive

    Construction Dive editors curate some of the industry’s top stories from this year.

    By Construction Dive staff
  • Construction workers finish concrete
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    Scott Olson/Getty Images via Getty Images
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    Economic Reports

    Construction Dive’s July 2025 economic roundup

    The data center boom remains hot but tariffs and labor concerns are casting doubt over the construction outlook.

    By Aug. 5, 2025
  • condo buildings under construction in the downtown Miami
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    Joe Raedle/Getty Images via Getty Images
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    Economic Reports

    Nonresidential construction spending slips for sixth time in seven months

    AGC officials pointed to ongoing tariff and labor uncertainty as the reason many construction owners may be pulling back on planned projects.

    By Aug. 4, 2025
  • A box with a Black & Decker tool and a Stanley tool.
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    (Photo illustration by Joe Raedle/Getty Images) via Getty Images
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    Stanley Black & Decker to raise prices again, navigate $800M tariff impact

    The world’s largest toolmaker is continuing to tweak its supply chain configurations and move forward with its cost reduction program to improve profitability.

    By Nathan Owens • July 31, 2025
  • Massive renovation continues on the Federal Reserve's HQ building
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    Andrew Harnik/Getty Images via Getty Images
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    Construction pros react to interest rate decision

    The Federal Reserve held rates steady Wednesday afternoon, dashing hopes for a summer cut, but builders are adjusting their strategies to stay on the job.

    By July 30, 2025
  • Aerial view of Hyundai Motor Group Metaplant America in Georgia
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    Courtesy of Hyundai Motor Group
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    10 notable factory cancellations or openings in 2025

    Ford, JetZero, Hyundai, Texas Instruments and TSMC are among the manufacturers to make facility investment news this year. Meanwhile, other companies with renewable energy projects have halted plans.

    By Sakshi Udavant • July 29, 2025
  • U.S. President Donald Trump and European Commission President Ursula von der Leyen shake hands after concluding trade negotiations on July 27, 2025, in Turnberry, Scotland
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    Andrew Harnik via Getty Images
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    US, EU agree to lower tariffs in ‘framework’ deal

    Most imports from the bloc would face a 15% tariff under the pact, U.S. President Donald Trump and European Commission President Ursula von der Leyen announced Sunday.

    By Philip Neuffer • July 28, 2025
  • Modern white apartments with a pool
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    jamesteohart via Getty Images
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    NAHB: Multifamily completions hit 38-year high

    The South accounted for 48% of deliveries in 2024, followed by the West at 27%.

    By Leslie Shaver • July 25, 2025
  • TSMC chip plant under construction in Phoenix, Ariz.
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    DougVonGausig via Getty Images
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    Economic Reports

    The 9 largest commercial construction starts of June 2025

    Certain sectors, such as manufacturing and data centers, fueled a sharp rise in groundbreakings, but contractors remain wary of the second-half outlook.

    By July 24, 2025
  • A crane hovers above a hotel construction site.
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    PixelsEffect via Getty Images
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    US hotel room construction hits 20-quarter low

    Rooms under construction decreased year over year in June for the sixth consecutive month amid economic uncertainty, according to CoStar.

    By Jenna Graber • July 22, 2025
  • Federal Reserve building under construction
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    Michael M. Santiago/Getty Images via Getty Images
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    Uncertainty Series

    Interest rate fog stalls construction momentum

    Elevated borrowing costs and higher input prices have created shaky conditions, spurring more delayed or abandoned projects.

    By July 21, 2025
  • A rendering of a construction project.
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    Courtesy of Skanska/Sweco Fazer
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    Skanska CEO says its selective strategy reduces risk

    The Stockholm-based firm’s success in U.S. construction continues to anchor its success, according to a second quarter earnings report.

    By July 21, 2025
  • Michael James Blair, FED headquarters renovations
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    Bonnie Cash via Getty Images
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    Trump officials using building renovation costs to go after Fed chair, WSJ says

    High-profile criticism of some $700 million in cost overruns is said to be an effort to pressure Jerome Powell to quit.

    By Robert Freedman • July 21, 2025
  • construction workers unloading lumber on July 1, 2025, in Hercules, Calif.
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    Justin Sullivan/Getty Images via Getty Images
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    Economic Reports

    Construction costs rise as tariff clock ticks

    Materials prices climbed again in June, according to the latest Producer Price Index, even without new levies that are set to take effect on Aug. 1.

    By July 17, 2025
  • Aerial view of a data center under construction in Ashburn, Va.
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    Gerville via Getty Images
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    Economic Reports

    Backlog rebounds off data center construction boom

    Contractors reported stronger pipelines despite lingering tariff-related impacts on costs, according to Associated Builders and Contractors.

    By July 16, 2025
  • Construction crews install panels of the border wall
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    Michael Gonzalez/Getty Images via Getty Images
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    Builders say One Big Beautiful Bill Act will fuel construction activity

    Firms expect a spike in starts, but the race to break ground may compound certain issues.

    By July 15, 2025
  • Aerial view of data centers under construction in Leesburg, Va.
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    Gerville via Getty Images
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    Economic Reports

    Construction planning climbs again on core sector momentum

    Warehouse, healthcare and tech projects drove the majority of growth in June amid pockets of softness elsewhere, according to Dodge Construction Network.

    By July 10, 2025
  • Construction workers using steel rebar
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    Joe Raedle/Getty Images via Getty Images
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    Tariff fallout leads to layoffs at Massachusetts concrete firm

    Contract delays tied to material price volatility forced 233 job cuts at Pittsfield, Massachusetts-based Unistress and its subsidiary.

    By July 9, 2025
  • Metal profiles of different kinds are located in the metal products warehouse
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    supermatros via Getty Images
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    Economic Reports

    Construction Dive’s June 2025 economic roundup

    Higher material costs and weaker spending suggest growing pressure across the construction industry.

    By July 8, 2025
  • A construction worker swinging a sledgehammer during a sunny day.
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    Mark Makela/Getty Images via Getty Images
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    Hiring rate, job openings remain historically low

    Though contractors are optimistic in the face of a subdued labor market, it’s not yet clear how President Donald Trump’s immigration policies have affected the data.

    By July 2, 2025
  • Construction worker walking on the campus of Yale University
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    Alexander Farnsworth via Getty Images
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    Yale pauses 10 projects as funding worries grow

    Several universities are reassessing their capital plans due to rising costs and uncertain federal support.

    By June 30, 2025
  • An empty office in a downtown in the process of a conversion.
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    JuliaMag via Getty Images
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    Office conversions accelerate, but many older buildings face demolition: reports

    High vacancy rates have driven building owners to repurpose space, which should help the U.S. office market’s recovery. But high costs and incompatible structural designs remain challenges, CBRE says.

    By Joe Burns • June 27, 2025
  • rendering of the University of Kentucky CTC Markey cancer treatment and ambulatory surgery center
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    Courtesy of University of Kentucky
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    Economic Reports

    The 9 largest commercial construction starts of May 2025

    A bounceback in activity offered some relief for contractors, but momentum may be tempered by tariffs and economic uncertainty, according to Dodge Construction Network.

    By June 23, 2025
  • Aerial view of Northern Virginia data centers.
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    Gerville via Getty Images
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    Economic Reports

    Construction costs jump at a 6% annualized rate

    Spikes in iron, steel, copper and aluminum prices in May largely offset declines in energy, according to the latest Producer Price Index data.

    By June 16, 2025