Economy: Page 20


  • Construction companies face an uphill battle recruiting younger workers in 2021, but sources believe there may be opportunities to improve their odds.
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    Adeline Kon/Construction Dive
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    Deep Dive

    Construction's career crisis: Recruiters target young workers driving the Great Resignation

    An increasing number of job seekers are open to something new. The trouble is, few are likely to set their sights on construction.

    By Ryan Golden • Oct. 25, 2021
  • A construction worker as seen from below, stepping over a gap while carrying a piece of lumber.
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    Justin Sullivan via Getty Images
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    Backlog inches lower as material, labor worries weigh on contractors

    Shortages of components such as copper and PVC pipes are slowing the industry's growth, according to new economic reports.

    By Leslie Shaver • Oct. 22, 2021
  • Construction site Explore the Trendlineâž”
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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
  • HITT Contracting offered bonuses
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    Courtesy of HITT Contracting
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    HITT hands out COVID-19 bonuses of up to $10,000

    The company said that the checks were gestures of appreciation for its employees, who worked in-person throughout the pandemic.

    By Oct. 21, 2021
  • A fully autonomous excavator using software from Built Robotics
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    Permission granted by Built Robotics
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    The country's top 25 specialty contractors

    Pandemic-related impacts, high materials prices and labor shortages led to a loss of $5.4 billion in revenue, per a new analysis of the subcontractor market.

    By Oct. 20, 2021
  • Yantian-port from above from creative commons, downloaded June 2021
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    "Yantian port from above" by Gigel.atat is licensed under CC BY-SA 4.0
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    Deep Dive

    After years of 'Made in China,' suppliers look to alternatives

    The risks of single sourcing from China have been brewing for years, but they bubbled up even more during the COVID-19 pandemic.

    By Shefali Kapadia • Oct. 19, 2021
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    Danielle Ternes/Construction Dive
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    Deep Dive

    Pricing insanity: Material costs escalate, driving contractor desperation

    Amid unprecedented supply chain challenges, firms locked into contracts based on last year's prices are feeling the heat.

    By Robyn Griggs Lawrence • Oct. 18, 2021
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    Courtesy of Robby Brown + Sundt Construction
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    Steel, roofing materials shortage hamstrings construction

    Rising costs, tight supplies and monthslong lead times have pushed companies to delay projects or find substitutes.

    By Sarah Zimmerman • Oct. 12, 2021
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    Justin Sullivan via Getty Images
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    The top 10 home building companies of 2021

    Residential construction is booming. Here is where it's the hottest and which contractors are cashing in the most.

    By Oct. 11, 2021
  • Intel Fab 42, pictured here, is a semiconductor manufacturing site managed by Intel in Chandler, Arizona. It will be joined by others as they are built, the company announced.
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    Courtesy of Intel
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    Intel breaks ground on 2 Arizona chip plants worth $20B

    The company plans to gain ground via U.S-based manufacturing in the face of a massive semiconductor shortage.

    By Oct. 6, 2021
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    Julie Bennett / Stringer via Getty Images
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    Alabama to use COVID-19 relief to help construct $1.3B worth of prisons

    Gov. Kay Ivey has received sharp criticism for her use of American Rescue Plan funds, including an appeal to the Treasury Department to halt the move.

    By Oct. 6, 2021
  • Design-build projects are on the upswing. The I-435 South Loop Link is a prominent example of a design-build project.
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    Courtesy of Missouri Department of Transportation
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    FMI predicts design-build will continue to grow, despite tough economic environment

    Increased demand and spending is on the horizon for the delivery method, even as the COVID-19 pandemic continues, a new study found.

    By Oct. 5, 2021
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    Retrieved from morebyless.
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    Construction's top stories by the numbers

    From top commercial contractors to tax-saving strategies and the priciest sports venues of all time, here is a roundup of nine of Construction Dive's most-read stories this year.

    Oct. 1, 2021
  • A rendering of the new hospital that will be constructed on Ohio State's campus.
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    Courtesy of Ohio State University
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    The 7 biggest megaprojects that have broken ground this year

    Each of these builds, ranging from office towers to arenas, cost over $1 billion.

    By Oct. 1, 2021
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    Permission granted by James Kim Photography + PC Construction
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    Shortages have created a 'traffic jam' in construction: Lennar

    A lack of labor and items, including vinyl siding and wood windows, are delaying production and creating "a game of whack-a-mole" for the industry.

    By Sarah Zimmerman • Sept. 27, 2021
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    George Frey/Stringer via Getty Images
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    Contractors lost $1.8 trillion globally in 2020 due to bad data, new report says

    Bad data also may have caused 14% of all rework, accounting for $88 billion in losses, per Autodesk and FMI Consulting's survey.

    By Sept. 22, 2021
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    Justin Sullivan via Getty Images
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    Contractors find new ways to cope with elevated lumber prices

    Although material price fluctuations have wreaked havoc on construction, labor has become the dominant source in driving costs, experts say.

    By Sept. 16, 2021
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    Retrieved from Jeremy Gilbert/Flickr.
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    Delta variant 'significantly' slowing construction recovery, economist says

    Two new reports point to the pandemic-related factors that have caused commercial construction spending to decline 4.2% since last year.

    By Sept. 2, 2021
  • Opinion

    Why recovery won't come easily for small and medium-sized construction firms

    Contractors must invest in digital technologies and clean up their balance sheets in order to benefit from the coming post-pandemic boom, writes a contech executive.

    By Zaid Rahman • Sept. 1, 2021
  • Superior Construction, roadway, Indiana DOT I-70
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    Permission granted by Superior Construction
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    Q&A

    Keeping workers safe on civil jobs

    Infrastructure work, especially for projects involving moving traffic, is dangerous. It's crucial to recruit workers who are committed to safety.

    By Aug. 31, 2021
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    Spencer Platt via Getty Images
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    SEC approves Nasdaq board diversity rules

    The new regulations require Nasdaq-listed companies with six or more directors to have at least two diverse members on their boards.

    By Aug. 30, 2021
  • An outside shot of Peaches Kitchen and Bar.
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    Courtesy of Peaches Kitchen and Bar
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    7 of the best-designed outdoor dining structures in NYC

    These award-winning "streateries" have played an important role in keeping restaurants viable during the pandemic.

    By Aug. 27, 2021
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    Joe Raedle via Getty Images
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    Nonresidential construction prices soar 23% year over year

    While softwood lumber saw a 29% dip in prices since last month, the cost of other types of products used in construction has continued to grow.

    By Aug. 13, 2021
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    Sarah Silbiger via Getty Images
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    Infrastructure act

    Infrastructure bill contains $100M for construction technology

    The Senate's $1.2 trillion package includes $20 million annually over five years to digitize construction processes.

    By Aug. 11, 2021
  • Photo of the Port of Charleston shared with SCD on July 22, 2020
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    Courtesy of South Carolina Ports Authority
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    Opinion

    5 roadblocks that could slow construction's recovery

    If the industry can overcome these challenges, it will reap decades of unparalleled growth, writes construction attorney Barry B. LePatner.

    By Barry B. LePatner • Aug. 6, 2021
  • A set photo of a Skyfish drone.
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    Permission granted by Julia Starrett, Skyfish
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    8 construction technology firms that made funding waves

    From drones to field printers, tech firms are creating innovations for the construction industry and launching multimillion-dollar fundraising rounds.

    By Aug. 4, 2021