Microsoft-backed study shows AI investments producing returns

For every $1 companies invest in AI, they are realizing an average of $3.50 in return, the report says.

By Alexei Alexis • Nov. 8, 2023

Warehouse surge drives construction planning higher

A total of 21 projects valued at $100 million or more entered the planning stages in October, including a $215 million Google data center, according to Dodge.

By Sebastian Obando • Nov. 7, 2023

$3B in construction projects fuel downtown Detroit’s growth

Large developments, including Newlab at Michigan Central and the renovation of the Book Building skyscraper, were recently completed in the Motor City.

By Matthew Thibault • Nov. 7, 2023

Public projects fuel construction spending growth

The 0.3% jump in September marks the 16th consecutive month of gains, according to U.S. Census Bureau data.

By Sebastian Obando • Nov. 2, 2023

Israel-Hamas war could spike fuel prices, World Bank says

The outlook for commodity costs will “darken quickly” if the Mideast conflict escalates, the international lending institution said this week.

By Jennifer Goodman • Oct. 31, 2023

Ford delays construction on second Kentucky battery plant

The automaker is also delaying $12 billion in EV investments a month after it paused construction on its Michigan EV factory.

By Kate Magill • Oct. 30, 2023

Billions in deferred maintenance projects coming to US facilities

A nationwide push to address delayed upkeep on public buildings and infrastructure will create myriad opportunities for contractors, according to a consultant.

By Mary Scott Nabers • Oct. 25, 2023

Construction takes bigger bite out of the Big Apple

Building expenditures in New York City will jump 10% above pre-pandemic levels by the end of 2023 to reach $83 billion, according to a new report.

By Sebastian Obando • Oct. 19, 2023

Construction starts tumble as megaprojects, manufacturing falter

In addition, the Architecture Billings Index, a measure of future construction work, posted its lowest score since December 2020.

By Sebastian Obando • Oct. 19, 2023

Goldman Sachs, developer break ground on $500M Dallas campus

Balfour Beatty will reportedly build the all-electric facility, which comes at a time of soaring office vacancies in the city.

By Jennifer Goodman • Oct. 17, 2023

Construction input prices rise again as energy costs soar

More increases could soon follow due to conflicts in energy-producing countries, said the ABC’s chief economist.

By Matthew Thibault • Oct. 12, 2023

Backlog dips, but contractor confidence remains high

Despite firms’ stable profit margins and expanding sales, the economy faces several challenges that could affect construction, said ABC’s chief economist.

By Jennifer Goodman • Oct. 11, 2023

Top construction events for the second half of 2024

It’s time to plan ahead. Construction Dive has you covered with a full list of industry conferences, expos and meetings on tap for the rest of the year.

By Matthew Thibault • Updated April 30, 2024

10-year Treasury hits highest level since 2007

As rates skyrocket, multifamily construction deals and transactions get even harder to pencil out.

By Leslie Shaver • Oct. 10, 2023

Construction job openings inch down

The labor market appears to be cooling, but construction labor woes won’t go anywhere anytime soon, an economist says.

By Zachary Phillips • Oct. 4, 2023

Manufacturing continues to drive construction spending

An uptick in megaproject funding drove overall nonresidential outlays higher for the third consecutive month, according to U.S. Census Bureau data.

By Sebastian Obando • Oct. 2, 2023

5 construction technology firms snare funding

Three startups completed seed rounds and two established companies bolstered their coffers in recent months.

By Matthew Thibault • Sept. 27, 2023

‘Everybody’s going to be impacted’: Fed shutdown would delay civil work

Infrastructure projects will be held up if the government is not funded by Sunday, according to the White House and association leaders.

By Julie Strupp • Updated Sept. 27, 2023

Manufacturing, transportation gains lift construction starts

Factory project kickoffs continued their tear, rocketing 285% from the month before.

By Matthew Thibault • Sept. 22, 2023

Construction M&A deals slow after record run

A rebound in mergers and acquisitions should come later this year as economic confidence and financing conditions improve, says a banking executive.

By Sebastian Obando • Sept. 21, 2023

3 manufacturing megaprojects delayed by labor, permitting issues

Teams have hit pause on Scout Motors’ $2 billion EV plant in South Carolina and American Battery Factory’s $1.2 billion facility in Arizona.

By Sebastian Obando • Sept. 20, 2023

Returns for apartments continue to fall

A real estate industry report ranks the areas of the country with the most and least returns for multifamily investors.

By Leslie Shaver • Sept. 19, 2023

Major construction in Vegas ahead of Formula 1 race

The city will see $8 billion worth of projects this year, including some for the Grand Prix in November.

By Jennifer Goodman • Sept. 19, 2023

Atlanta construction exec deals with supply chain snarls

DPR Construction’s Kali Bonnell sees positive indicators for the industry, including a strong pipeline of projects.

By Julie Strupp • Sept. 19, 2023

Inside contractors’ top concerns in 2023 and into 2024

The biggest challenges facing the industry today, plus tips for thriving during uncertain times.

Sept. 18, 2023