Economy


  • Signature Bridge construction project
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    Joe Raedle/Getty Images via Getty Images
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    Construction prices ‘surged’ in April, up 6.2% year to date

    Input prices have now risen more during the first four months of 2026 than over the past three years, according to Associated Builders and Contractors. 

    By May 14, 2026
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    Majid Saeedi via Getty Images
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    Iran war inflation crimps profits, plans for investment, hiring: NABE

    Half of the respondents to a National Association for Business Economics survey put the odds of a U.S. recession in the next 12 months at 26% or higher.

    By Jim Tyson • May 13, 2026
  • 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
  • In an aerial view, the Elemental Critical data center facility
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    Brandon Bell/Getty Images via Getty Images
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    Data centers remain ‘largest driver behind growth’ in construction planning

    Nonresidential planning accelerated in April after a slow start to the year, according to Dodge Construction Network.

    By May 11, 2026
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    Courtesy of Skanska
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    Skanska says its work unimpacted by major economic headwinds

    The firm continues to manage risk and deliver profits on the back of U.S. construction work, the contractor reported in its first-quarter earnings.

    By May 8, 2026
  • Schneider Electric, data centers, first-quarter 2026, electrification demand
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    ‘Energy security’ drives Schneider Electric growth: CEO

    Revenue jumped in part due to the AI boom, while geopolitical uncertainty boosted the outlook for electrified, digitized building systems, executives said on the company’s first-quarter earnings call. 

    By Brian Martucci • May 6, 2026
  • A brown, worn work glove holding a wrench that has "Made in USA" text on it, and the U.S. flag in the background.
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    Senators introduce bill to enforce Buy America compliance

    The legislation follows an Office of Inspector General audit that found the FAA failed to include required Buy American-related clauses in contracts funded through the Infrastructure Investment and Jobs Act.

    By Sara Samora • May 4, 2026
  • Federal Reserve Chairman Jerome Powell answers questions from reporters
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    Chip Somodevilla via Getty Images
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    Fed holds main rate steady, notes risks to jobs, inflation from Iran war

    Jerome Powell said after the end of his term as Federal Reserve chair in May he will remain on the board as a governor to help ensure the Fed is free of political interference.

    By Jim Tyson • April 30, 2026
  • A person works on a laptop in the foreground of an artistically minded shot. In the background are blueprints and a yellow hardhat.
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    Opinion

    What’s really driving volatility in construction cost estimates

    Clients often take early projections as gospel. Instead, builders should educate them on how the numbers can change, write two consultants.

    By Michael Feeney and Charles Cleary • April 28, 2026
  • A rendering of a two-story healthcare building.
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    Courtesy of Skanska
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    Punch List: Biden-era PLA mandate upheld, prices rise and Skanska delivers healthcare project

    Federal project labor agreements are here to stay, Turner sees costs going up nearly 5% year over year and more of this week’s news for builders.

    By Construction Dive Staff • April 24, 2026
  • In an aerial view, shipping containers are stacked at the Port of Oakland on August 01, 2025 in Oakland, California. U.S. President Donald Trump announced that his August 1 deadline for trade deals will not be extended and sweeping tariffs will be imposed on certain countries beginning today.
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    Justin Sullivan / Staff via Getty Images
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    What to know about Trump’s tariff refund process

    Finance leaders are expected to play a central role in steering companies through the claims process set to launch on Monday.

    By Alexei Alexis • April 20, 2026
  • A crane looms over a jobsite in a major urban setting.
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    The US may already have a negative immigration rate. That’s bad for construction.

    Some reports indicate more people are leaving the U.S. than arriving. Experts say that has direct impacts on workforce availability and meeting project demand.

    By April 17, 2026
  • Elemental Critical Data Center facility in an aerial view
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    Brandon Bell/Getty Images via Getty Images
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    Backlog rebounded in March with contractors unfazed by Iran war impacts

    Contractors added 0.5 months of work to their books over the month, with outsized growth in data center projects.

    By April 15, 2026
  • Fuel prices are displayed at a truck stop
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    Scott Olson/Getty Images via Getty Images
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    Oil prices triggered higher construction costs in March

    Input prices rose 18% at an annualized rate for the first three months of the year.

    By April 15, 2026
  • Construction work continues on the Signature Bridge project
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    Joe Raedle/Getty Images via Getty Images
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    Iran war impacts on oil prices spiked construction stress, increased abandonments

    Construction saw a 22.8% surge in project abandonments month over month in March, which ConstructConnect linked to economic impacts brought on by the war.

    By April 14, 2026
  • An aerial view of data center in Vernon, Calif.
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    Mario Tama/Getty Images via Getty Images
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    Construction’s economic outlook is increasingly cloudy

    Aside from the artificial intelligence buildout, the industry’s numbers have weakened. The boom “probably will end at some point. But not now,” said an economist.

    By April 13, 2026
  • Elemental Critical Data Center facility in an aerial view
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    Brandon Bell/Getty Images via Getty Images
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    Data centers powered March construction planning almost exclusively

    Without the data center boom, commercial planning would be down 12.7% since March 2025, according to Dodge Construction Network.

    By April 10, 2026
  • President Donald Trump
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    Alex Wong via Getty Images
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    Trump calls for 50% tariff on goods from nations arming Iran

    The president said the duty is effective immediately, although it's unclear how it would be implemented after the Supreme Court clipped Trump's power to issue broad levies.

    By Max Garland • April 9, 2026
  • workers during construction of a new building on March 6, 2026, in Pasadena, California
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    Mario Tama/Getty Images via Getty Images
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    Latest construction data shows weakening market to start 2026

    Several indicators softened during the first two months of the year, but not all building activity has stalled.

    By April 6, 2026
  • President Donald Trump walks while adjusting his tie.
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    Nathan Howard via Getty Images
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    Trump adjusts tariffs for steel, aluminum, copper

    Goods made entirely of the metals will still face a 50% tariff, but the levy will be reduced to 25% for certain derivative goods, effective April 6.

    By Phil Neuffer • April 6, 2026
  • Two construction workers a photographed from behind as they walk away.
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    Construction hiring data indicates a cooling labor market

    Slow hiring and few job separations in February led to the lowest construction labor turnover rate since 2000, according to Anirban Basu, chief economist at ABC.

    By April 1, 2026
  • American flag flies from a crane during construction
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    Mario Tama/Getty Images via Getty Images
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    Data center boom failed to lift construction spending to start 2026

    The lackluster spending report is “especially concerning in light of the ongoing conflict in Iran,” said Anirban Basu, ABC chief economist.  

    By March 24, 2026
  • Construction workers build a home
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    Mario Tama/Getty Images via Getty Images
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    Construction starts plunged 13% as megaprojects faded

    Nonresidential starts rebounded in February but the absence of massive energy-related projects slowed total groundbreakings, according to Dodge Construction Network.

    By March 24, 2026
  • Construction materials lay on a jobsite, shown from above.
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    Construction prices spiked at ‘staggering’ rate to begin 2026

    The latest data — prior to the war in Iran — shows prices rose on an annualized basis of 12.6% through February. 

    By March 19, 2026
  • Federal Reserve Chairman Jerome Powell answers questions from reporters
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    Chip Somodevilla via Getty Images
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    Fed holds rates steady, flags uncertainty as oil price soars amid war

    The Fed faces a policy dilemma as the Iran war spurs a jump in energy prices, threatening to increase inflation, slow economic growth and push up unemployment.

    By Jim Tyson • March 19, 2026
  • President Donald Trump speaks during a White House press conference on Feb. 20, 2026 in Washington, D.C.
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    Aaron Schwartz via Getty Images
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    Trump’s temporary 10% tariff faces further legal scrutiny

    Two businesses say the president is unlawfully leveraging the Section 122 statute, echoing similar arguments from a case filed by a cohort of states days earlier.

    By Phil Neuffer • March 16, 2026