Economy: Page 11

  • Attendees walk around the New York Build Expo conference floor.
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    Sebastian Obando/Construction Dive
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    NYC office, hotel sectors show signs of life

    “New York is back,” but in a way that differs from its pre-pandemic level, a presenter at this week’s New York Build conference said.

    By • March 10, 2023
  • The White House in Washington, D.C.
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    TriggerPhoto via Getty Images
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    Biden taps Florida construction exec for trade committee

    Patrick Murphy of Miami-based Coastal Construction Group has been appointed to the President’s Export Council.

    By • March 8, 2023
  • 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
  • A tape measure and level sit on site plans.
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    skynesher/E+ via Getty Images
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    Dodge: Construction planning bounces back

    The Dodge Construction Network said its Momentum Index has rebounded, shaking off a steep plunge at the beginning of the year.

    By • March 8, 2023
  • A panoramic shot in New York City shows construction cranes dotting the skyline.
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    Alex Potemkin/E+ via Getty Images
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    ‘We’re not going to have one’: AGC economist dismisses a 2023 recession

    A strong U.S. economy should fend off recession concerns this year, said Ken Simonson, chief economist for Associated General Contractors of America.

    By • March 7, 2023
  • Group photo of American Global LLC employees at their annual soccer tournament
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    Permission granted by American Global LLC
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    Sponsored by American Global

    How a broker’s ‘culture of collaboration’ benefits clients

    In today’s challenging market, a knowledgeable, reputable and innovative broker can serve as a valuable business partner and key strategic advisor. So, what differentiates one broker from another? Read how a ‘culture of collaboration’ provides multiple client benefits.

    March 6, 2023
  • View from across a river showing tall square silver buildings, with a conical swirling building in the middle.
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    Courtesy of Amazon
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    Amazon delays groundbreaking for HQ2’s second phase

    The company said the first phase of its $2.5 billion Arlington, Virginia, headquarters project will still be complete in June.

    By • March 3, 2023
  • Construction worker onsite
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    Courtesy of Associated Builders and Contractors
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    Economists push back estimated recession date: NABE

    Data on the housing market, employment, manufacturing and other measures of economic performance challenge predictions of imminent recession.

    By Jim Tyson • March 3, 2023
  • Aerial view of a construction site
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    Permission granted by Associated Builders and Contractors
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    Manufacturing sector props up construction spending

    Nonresidential construction spending moved higher in January largely due to massive manufacturing-related projects.

    By • March 2, 2023
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    SunnyVMD via Getty Images
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    Could tech workers find a home in multifamily?

    As multifamily firms embrace automation, there may be room for professionals who were recently laid off.

    By Leslie Shaver • March 1, 2023
  • Freight rail cars loaded with lumber sit on tracks at the Port of Los Angeles
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    Mario Tama via Getty Images
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    Buy America provisions can improve construction lead times — for a price

    About one-third of materials used in U.S. projects are made overseas. A make-it-here push would further raise already high costs.

    By • Feb. 28, 2023
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    Pixabay
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    US hits Russia with 200% aluminum tariff

    The Biden administration also announced $2.7 billion in new duties on other industrial goods as the war in Ukraine passes the one-year mark.

    By Ben Unglesbee • Feb. 27, 2023
  • Rendering of the planned Penn Station redevelopment
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    Courtesy of Office of Gov. Kathy Hochul
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    ‘Impossible to build’: Vornado postpones NYC development

    Flagging demand for office space, high interest rates and unfavorable capital markets have led the REIT to rethink its Penn Station project.

    By • Feb. 24, 2023
  • A lone wheel barrow stands on an abandoned construction site.
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    wilpunt / iStock / Getty Images Plus via Getty Images
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    Construction starts plummet 27%

    The latest monthly numbers fell dramatically and were down 14% from a year ago, but market watchers say fundamentals are still strong.

    By • Feb. 22, 2023
  • Construction worker onsite
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    Courtesy of Associated Builders and Contractors
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    Material prices back on the rise

    An elevated producer price index indicates the economy remains overheated, said Anirban Basu, chief economist of Associated Builders and Contractors.

    By • Feb. 17, 2023
  • Workers wearing safety gear and hard hats use a large machine to work with cement mixtures in front of a brown, brick home.
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    Scott Olson via Getty Images
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    Residential contractors see a rebound on the horizon

    Easing mortgage rates caused builder confidence to jump for the second consecutive month, according to the National Association of Home Builders.

    By • Feb. 16, 2023
  • A man in a suit and an orange safety vest uses a tablet on a construction site. The user is in the foreground and clear, the background is blurred.
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    AzmanL via Getty Images
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    Construction technology funding holds steady at nearly $5.4B

    North America and Europe dominated the contech market last year, according to a new report by Cemex Ventures.

    By • Feb. 15, 2023
  • Construction workers onsite
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    Courtesy of Associated Builders and Contractors
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    Contractors confident in the face of falling backlog

    New work declined in January but remains one month higher than this time last year, per a new Associated Builders and Contractors report.

    By • Feb. 15, 2023
  • A view of the skyline of Milwaukee, Wisconsin.
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    Sean Pavone / iStock / Getty Images Plus via Getty Images
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    Construction prices fall in some cities: Mortenson

    Costs for projects in Milwaukee and Minneapolis shrank last quarter, while those in Phoenix were still on the rise.

    By • Feb. 13, 2023
  • Construction workers onsite
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    Courtesy of Boldt
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    Commercial construction planning falls after months of gains

    Despite a dip in the Dodge Momentum Index, levels of building activity remain comparatively strong.

    By • Feb. 9, 2023
  • Curved entrance of the front of a beige building with many glass doors.
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    The image by Nicolas Henderson is licensed under CC BY 2.0
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    AECOM profit grows on expanding backlog from city, state projects

    The Dallas-based firm said many of its government clients have flush rainy day funds ahead of expected increases in infrastructure spending over the next several years. 

    By • Feb. 8, 2023
  • U.S. President Joe Biden delivers his State of the Union address during a joint meeting of Congress in the House Chamber of the U.S. Capitol on February 07, 2023 in Washington, DC.
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    Win McNamee via Getty Images
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    Biden details ‘Buy America’ plan in State of the Union

    The president listed some of the types of materials and federally funded projects that would fall under his standard.

    By , • Feb. 8, 2023
  • The east side of the US Capitol in the early morning. Senate Chamber in the foreground.
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    drnadig via Getty Images
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    House bill aims to create lending institution for infrastructure projects

    The Federal Infrastructure Bank would be fueled by private investments.

    By • Feb. 7, 2023
  • Highway sign with the word "recession next exit" on it.
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    ZargonDesign via Getty Images
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    US business leaders anticipate rampant budget cuts

    A new study shows that companies are planning as if a recession will happen, even if there are mixed views about the economy.

    By Alexei Alexis • Feb. 6, 2023
  • A photo shows construction workers building a structure.
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    Mario Tama via Getty Images
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    Nonresidential spending falls 0.5%

    Despite strong construction starts, both private and public outlays were down for the last month of 2022.

    By • Feb. 2, 2023
  • a judges gavel rests on top of a desk
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    Joe Raedle via Getty Images
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    Florida contractor files for Chapter 11

    Supply chain disruptions, inflation and labor shortages are causing major headaches for firms with fixed-price contracts, leading some into bankruptcy, attorneys say.

    By • Feb. 1, 2023