Economy: Page 10

  • Rendering of the planned $4 billion Panasonic EV battery plant
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    Permission granted by Panasonic Energy
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    Q&A

    Market uncertainty splits construction into ‘haves and have-nots’

    Dodge’s Richard Branch talks with Construction Dive about recent banking turmoil, industry bifurcation and standout sectors in 2023.

    By • April 26, 2023
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    Courtesy of Michael Wier / CalTrout
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    Construction starts ‘likely to erode,’ economist says

    Building activity remains high for now, despite increased concerns around the economy and tightened lending standards, per Dodge Construction Network.

    By • April 25, 2023
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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
  • Contractor construction engineer meeting together on architect table at construction site.
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    howtogoto via Getty Images
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    Subcontractors spent $97B more than planned in 2022

    Prices for materials and labor continued to rise last year, as subcontractors often waited two and a half months before they secured payment.

    By • April 21, 2023
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    George Frey via Getty Images
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    How contractors use tech to tighten up supply chains

    Centralized material tracking is key to shoring up the weak links in the procurement process exposed by the pandemic, construction execs say.

    By Robyn Griggs Lawrence • April 19, 2023
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    The country’s top 25 apartment builders

    Summit Contracting Group topped the National Multifamily Housing Council’s ranking, reflecting the company's growth and an active period for the sector, said President Marc Padgett.

    By Leslie Shaver • April 19, 2023
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    Courtesy of Associated Builders and Contractors
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    Deep Dive

    Banking turmoil stirs up new headwinds for construction

    Recent uncertainty among lenders could lead to new challenges for U.S. construction firms as more projects fail to pencil out.

    By • April 17, 2023
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    Courtesy of Associated Builders and Contractors
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    Material prices are finally lower than a year ago

    Collectively, commodity costs dropped year-over-year for the first time since August 2020, even as some items continued to get more expensive.

    By • April 13, 2023
  • Employees walk in front of a sign outside of the shuttered Silicon Valley Bank headquarters.
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    Justin Sullivan via Getty Images
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    Deep Dive

    4 ways that recent banking failures will impact the multifamily sector

    After the collapse of Silicon Valley Bank and Signature, multifamily borrowers could face challenges finding construction debt and loans from smaller lenders.

    By Leslie Shaver • April 13, 2023
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    Maria Turova via Getty Images
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    Total crane count rises but commercial work dips

    The number of cranes in North American cities grew by 7% from the most recent report by Rider Levett Bucknall, but the increase was concentrated in the multifamily sector.

    By • April 13, 2023
  • The 550 Washington Street office building is seen on September 21, 2021 in New York City.
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    Michael M. Santiago/Getty Images via Getty Images
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    Banking woes hit construction planning outlook

    The Dodge Momentum Index, which leads actual construction by a year, tumbled 8.6% in March amid lending concerns.

    By • April 11, 2023
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    Permission granted by Alan Gilbert Photography
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    Q&A

    A Maryland GC just posted its largest backlog ever. So why is its president worried?

    Marty Copsey, president and chief operating officer of MacKenzie Contracting, discussed industry headwinds with Construction Dive.

    By • April 10, 2023
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    NicoElNino via Getty Images
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    It’s not just you: Construction really is risky business

    The sector was among those with the most legal filings last year, resulting in $3.36 billion in losses, according to a new report.

    By • April 5, 2023
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    Courtesy of Boldt
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    After ‘shocking’ drop, construction jobs regain footing

    Job openings bounced back to 412,000 in the most recent report from Associated Builders and Contractors.

    By • April 5, 2023
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    The image by Pi.1415926535 is licensed under CC BY-SA 4.0
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    Balfour Beatty profits jump, fueled by US infrastructure wins

    The London-based contractor is benefiting from the IIJA, a strong backlog and selective bidding.

    By • April 5, 2023
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    Manufacturing remains lone bright spot for construction spending

    Though the onshoring boom is strong, tightening credit conditions will likely hinder nonresidential momentum in the near term, according to one economist.

    By • April 4, 2023
  • A sign is posted in front of the Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Silicon Valley Bank was shut down on Friday morning by California regulators and w
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    Justin Sullivan via Getty Images
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    Deep Dive

    Tech vendor risk raises vetting stakes in wake of SVB crisis

    Deposits are safe, but tech startups may no longer have access to venture debt and the lines of credit that helped fuel innovation.

    By Matt Ashare • March 29, 2023
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    Courtesy of Shopoff Realty Investments
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    Financing issues postpone Las Vegas Dream Resort project

    The pause on the $550 million casino and hotel development follows growing challenges around construction financing.

    By • March 28, 2023
  • Ford's Chicago Assembly Plant Builds Explorers, Police Interceptors, And Lincoln Aviators
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    Scott Olson via Getty Images
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    Opinion

    What The New York Times got wrong about construction

    What is holding the industry back from broader tech adoption and more collaboration?

    By Reid Senescu • March 22, 2023
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    Justin Sullivan via Getty Images
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    Opinion

    Will banking woes drag down commercial real estate?

    Given the current economic climate, the dominant outlook is that things might get worse, but there is a silver lining, writes proptech executive David Bitton.

    By David Bitton • March 21, 2023
  • Four construction workers in reflective vests work on a partly-built concrete and metal bridge.
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    Courtesy of Tutor Perini
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    Tutor Perini ‘negatively impacted’ by legal issues, canceled work

    The Los Angeles contractor also said in its earnings call that it lost billions in potential new jobs in 2022 when owners canceled projects.

    By • March 16, 2023
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    Materials prices inch up slightly

    Declining energy costs are masking persistent inflation and supply chain challenges, said Anirban Basu, ABC chief economist.

    By • March 15, 2023
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    Permission granted by Associated Builders and Contractors
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    Backlog ticks up, remains historically elevated

    New work continues to surge despite a gloomy economic forecast and elevated borrowing costs, per analysis from Associated Builders and Contractors.

    By • March 15, 2023
  • A rendering shows plans for two new leading-edge Intel processor factories in Licking County, Ohio.
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    Courtesy of Intel
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    Gilbane Building Co. revenue up 8%

    The Providence, Rhode Island-based contractor highlighted large projects and public-private partnerships in its recent annual report.

    By • March 14, 2023
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    Permission granted by Clune Construction
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    Sponsored by Clune Construction

    How to combat ongoing supply chain shortages in construction? Come equipped with options

    Supply chain issues continue to plague the industry. Contractors must enact creative solutions to find a path forward. 

    March 13, 2023
  • Rendering of beige and glass hospital buildings with an ambulance center in the middle.
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    Courtesy of CO Architects and Hensel Phelps
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    WSP revenue, backlog up but profits sag

    The firm reported a strong year and plans to take on more complex infrastructure, environment and refurbishing work going forward.

    By • March 10, 2023