Economy: Page 20
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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 -
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 -
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 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 Matthew Thibault • Oct. 21, 2021 -
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 Sebastian Obando • Oct. 20, 2021 -
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 -
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 -
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 -
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 Jennifer Goodman • Oct. 11, 2021 -
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 Matthew Thibault • Oct. 6, 2021 -
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 Matthew Thibault • Oct. 6, 2021 -
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 Matthew Thibault • Oct. 5, 2021 -
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 -
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 Matthew Thibault • Oct. 1, 2021 -
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 -
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 Matthew Thibault • Sept. 22, 2021 -
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 Sebastian Obando • Sept. 16, 2021 -
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 Jennifer Goodman • 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 -
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 Jennifer Goodman • Aug. 31, 2021 -
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 Sebastian Obando • Aug. 30, 2021 -
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 Matthew Thibault • Aug. 27, 2021 -
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 Jennifer Goodman • Aug. 13, 2021 -
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 Matthew Thibault • Aug. 11, 2021 -
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 -
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 Matthew Thibault • Aug. 4, 2021