Economy
-
Avalon_Studio via Getty Images
Economic ReportsConstruction job openings fall post-Helene
Economists say the hurricane temporarily suppressed the number of open construction positions across the Southeast at the end of September.
By Zachary Phillips • Oct. 30, 2024 -
Retrieved from Rhode Island DOT.
Economic ReportsThe 9 largest commercial construction starts of September 2024
Total groundbreakings dipped 6% to kick off the fall, according to Dodge Construction Network.
By Sebastian Obando • Oct. 22, 2024 -
Explore the Trendline➔
sandsun via Getty Images
TrendlineTop 5 stories from Construction Dive
Construction Dive editors curate some of the industry’s top stories from this year.
By Construction Dive staff -
Nathan Howard/Stringer via Getty Images
Economic ReportsConstruction backlog rebounds in wake of rate cut
After briefly falling at the end of the summer, the amount of work on builders’ books rose again following the Fed’s loosening last month.
By Joe Bousquin • Oct. 17, 2024 -
Photo illustration: Industry Dive; Joe Readle/Getty Images; Brandon Bell/Getty Images
Election 2024Where the 2024 presidential candidates stand on construction’s top issues
Here are Kamala Harris’ and Donald Trump’s views on the industry’s most pressing topics, including immigration, permitting, infrastructure and more.
By Construction Dive Staff • Oct. 16, 2024 -
Justin Sullivan/Getty Images via Getty Images
Economic ReportsConstruction input prices tick down on lower energy costs
The decline reflects overall stabilization over the past 12 months, as material expenses remain 1.9% lower than a year ago.
By Sebastian Obando • Oct. 14, 2024 -
zxvisual via Getty Images
Economic ReportsUS crane count holds steady in Q3
American and Canadian cities saw 15 fewer total cranes in the third quarter of 2024 than in the first, but construction activity remains robust.
By Zachary Phillips • Oct. 11, 2024 -
Courtesy of Kentucky Exposition Center
Economic ReportsPlanning activity softens after months of growth
Slowdowns in office, warehouse and retail projects drove much of September’s decline, but overall activity is still up for the year.
By Sebastian Obando • Oct. 8, 2024 -
Chip Somodevilla via Getty Images
Opinion9 year-end tax tips for general contractors
Company leaders should take time to review the tax implications of their business and operations now, writes a CPA focused on construction.
By Anita Mahamed • Oct. 8, 2024 -
Courtesy of San Francisco International Airport / Karl Nielsen
Economic indicators: August 2024
Construction Dive rounds up key industry data such as backlog, planning activity, input costs, starts and spending.
By Construction Dive Staff • Oct. 8, 2024 -
Mario Tama/Getty Images via Getty Images
Economic ReportsProject abandonments drop amid contractor optimism
Both private and public sectors appear to be benefitting from falling interest rates and a positive outlook, according to a construction economist.
By Sebastian Obando • Oct. 3, 2024 -
Panupong Piewkleng via Getty Images
Economic ReportsConstruction job openings leap monthly by record amount
After several months of cooling, which experts speculate was mostly confined to the residential sector, unfilled positions increased by 138,000 in August.
By Zachary Phillips • Oct. 2, 2024 -
Anna Moneymaker/Getty Images via Getty Images
Economic ReportsPublic projects keep nonresidential construction afloat
Government funding accounted for the entirety of the monthly increase in spending, according to ABC's chief economist.
By Sebastian Obando • Oct. 1, 2024 -
Courtesy of Geisinger
Economic ReportsThe 9 largest commercial construction starts of August 2024
Total groundbreakings climbed 6% during the last month of the summer, according to Dodge Construction Network.
By Sebastian Obando • Sept. 26, 2024 -
Anna Moneymaker via Getty Images
Construction pros expect interest rate cut to spur new work
Executives said the full impact will take time to materialize as financing terms and project planning catch up to the new environment.
By Sebastian Obando • Sept. 18, 2024 -
EricFerguson via Getty Images
OpinionSigns that a project partner is in distress
Noticing the red flags and knowing how to act is vital for fending off potential problems, according to a construction attorney.
By Dan Rosenberg • Sept. 18, 2024 -
Tennessee Witney via Getty Images
OpinionHow to tell if a project owner is in financial trouble
In today’s volatile lending environment, it's important to know the signs that could indicate a client is in distress, says a construction attorney.
By Dan Rosenberg • Sept. 16, 2024 -
Rebecca Noble/Getty Images via Getty Images
Economic ReportsConstruction input costs stabilize as contractors eye relief
Material prices sit almost a full percentage point lower than last year, a “welcome development” for builders, said Anirban Basu, ABC chief economist.
By Sebastian Obando • Sept. 13, 2024 -
Courtesy of Geisinger
Economic ReportsPlanning activity jumps ahead of Fed meeting
Owners and developers added more projects to the queue in August, expecting stronger market conditions next year, per Dodge Construction Network.
By Sebastian Obando • Sept. 12, 2024 -
Mario Tama/Getty Images via Getty Images
Economic ReportsConstruction backlog slips as contractors lose confidence
Projects in the pipeline now trail last year’s pace by one month as a slowing economy begins to weigh on builders’ books.
By Sebastian Obando • Sept. 11, 2024 -
interstid via Getty Images
Sponsored by Merchants Bonding CompanyThe snowball effect
Contractors' cash crunch problems are snowballing into other issues – what’s driving the trend?
By Jay Farley, Vice President - Claims, Merchants Bonding Company • Sept. 9, 2024 -
Chip Somodevilla via Getty Images
Tax compliance costs surge 32% since 2017: Tax Foundation
Efforts to simplify the federal tax code have failed to reverse decades of regulatory and legislative changes that have made it more complex.
By Jim Tyson • Sept. 6, 2024 -
Leontura via Getty Images
Opinion // Business MattersHow to maintain a steady backlog
Measuring future work is one way to help it grow, according to consultant Matt Verderamo.
By Matt Verderamo • Sept. 5, 2024 -
Sean Anthony Eddy via Getty Images
Job openings drop again, but commercial builders still seek workers
Despite a 17% fall in unfilled positions in July, economists say nonresidential contractors are looking to hire craftworkers.
By Zachary Phillips • Sept. 5, 2024 -
Mario Tama/Getty Images via Getty Images
Economic ReportsConstruction spending dips again as contractors await Fed relief
Fluctuations in recent months stem from a worsening shortage of qualified workers, according to AGC’s chief economist.
By Sebastian Obando • Sept. 3, 2024 -
unkas_photo via Getty Images
Apartment starts increase monthly, but fall YOY
Meanwhile, multifamily completions jumped 50% from last July and the number of units under construction dropped.
By Leslie Shaver • Aug. 27, 2024
