Economy: Page 2

  • Construction workers help build a mixed-use apartment complex which will hold over 700 units of apartment housing and 95,000 square feet of commercial space on January 25, 2024 in Los Angeles
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    Economic Reports

    Input prices rise after 3 months of decline

    The first increase since September highlights the ongoing presence of material price volatility, said Anirban Basu, Associated Builders and Contractors’ chief economist.

    By • Feb. 20, 2024
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    Q&A

    Slowdown ahead due to interest rates, GC exec says

    As people move to the Southeast, Samet Corp. has seen an increase in demand for multifamily and public projects, according to CFO Doug Beane.

    By • Feb. 14, 2024
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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
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    Inflation edges up, pushing back forecast of first Fed rate cut

    Futures traders now see a 52% probability that policymakers in June will cut the federal funds rate from its current peak level between 5.25% and 5.5%.

    By Jim Tyson • Feb. 14, 2024
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    Economic Reports

    Backlog dips again amid tight lending conditions

    The heavy industrial sector saw large gains, while institutional and infrastructure segments dropped.

    By • Feb. 14, 2024
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    Regional Report

    Dallas bucks national office construction slump

    The city leads the U.S. in office space under construction, according to commercial real estate services firms Cushman & Wakfield and CBRE.

    By • Feb. 9, 2024
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    Construction planning inches higher despite commercial weakness

    Though Dodge Construction Network expects momentum to pick back up in the second half, private project planning remains challenged by a difficult financing environment.

    By • Feb. 9, 2024
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    Economic Reports

    Public construction spending soars, but private projects still face hurdles

    Highway and street projects are flush with cash, but high interest rates, labor shortages and regulatory delays are weighing on commercial projects.

    By • Feb. 2, 2024
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    The Dotted Line: Legal trends to watch in 2024

    Contracts are evolving in an era of persisting supply chain problems, inflation and cyber risks, construction attorneys say.

    By • Jan. 30, 2024
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    Deep Dive

    Why contractors are still all in on manufacturing projects

    Despite the sector’s recent deceleration in starts, firms with factory construction specialization are scaling up for more demand.

    By • Jan. 29, 2024
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    Union approval at a record high, despite falling rates

    While the percentage of the workforce that is unionized is declining, “membership is growing in value,” a Gallup report indicated.

    By Caroline Colvin • Jan. 29, 2024
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    Contractors should brace for weaker conditions: AIA

    On the heels of “surprisingly strong” performance in 2023, a new report predicts that declining property values, tighter credit and higher input costs will hamstring growth this year and next.

    By • Jan. 26, 2024
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    What contractors need to know for 2024

    It’s anyone’s guess what will happen in the next 12 months, but these insights from construction pros can help bring the year into focus.

    By Construction Dive Staff • Jan. 25, 2024
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    2024 OUTLOOK

    3 infrastructure trends for 2024

    The civil sector will confront a shifting regulatory landscape, burgeoning digitalization and evolving procurement norms this year.

    By • Jan. 23, 2024
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    Construction starts jump 20%

    December’s rebound after three down months signaled “the planning queue is stabilizing,” according to Dodge’s chief economist.

    By • Jan. 19, 2024
  • A construction worker helps build a residential building on January 05, 2024 in Miami, Florida.
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    Economic Reports

    Backlog increases amid easing credit conditions

    Builder confidence in securing new work also jumped, fueled by the expectation of rate cuts.

    By • Jan. 16, 2024
  • A construction worker helps build the “Signature Bridge" on January 05, 2024 in Miami, Florida.
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    Economic Reports

    Construction input prices drop 3 months in a row

    Despite the sustained cost moderation, some sticker shock could return in 2024, ABC Chief Economist Anirban Basu said.

    By • Jan. 16, 2024
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    Inflation inches up, signaling prospect of extended Fed fight

    The consumer price index last month rose more than anticipated, with gains in the cost of services staying stubbornly high.

    By Jim Tyson • Jan. 12, 2024
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    Life sciences boom could fizzle

    CBRE said that momentum may falter in three major cities after a rush of investment in the space this year.

    By • Jan. 11, 2024
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    Stantec acquires Morrison Hershfield, boosts Canadian presence

    Edmonton-based Stantec, which has more than half of its offices in the U.S., will grow its workforce in Canada by 10%.

    By • Jan. 10, 2024
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    2024 OUTLOOK

    AI, robotics dominate 2024’s construction tech forecast

    Expect machines trained on “large behavior models,” more mass timber, prefab and 3D printing. But always keep jobsite safety in mind, experts say.

    By • Jan. 10, 2024
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    High prices are slowing for road builders, but challenges lay ahead

    Despite cooling inflation, rising costs will still be an issue this year, especially as labor continues to be in short supply, experts say.

    By Jen A. Miller • Jan. 9, 2024
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    2024 OUTLOOK

    4 charts break down winning, losing sectors in 2024

    Some types of construction are starting the new year with a bang, while others will continue to wither, experts say.

    By • Jan. 8, 2024
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    Debts, lawsuits force Detroit builder to file bankruptcy

    Unpaid bills on the $30 million Dreamtroit project caused problems for MiG Construction.

    By • Jan. 8, 2024
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    17 states are cutting income taxes this year

    Among the states with lower tax burdens is Arkansas, where corporate income tax rates are dropping to 4.80% this year from 5.30%.

    By Maura Webber Sadovi • Jan. 8, 2024
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    Economic Reports

    Nonresidential spending dips, ending 17 months of growth

    Despite a 0.1% decrease in November, several sectors — including manufacturing, healthcare and roadwork — saw gains.

    By • Jan. 4, 2024