Economy: Page 3

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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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    Jens Lambert Photography via Getty Images
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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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    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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    Permission granted by TSMC
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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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    Sean Pavone via Getty Images
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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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    pcess609 via Getty Images
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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
  • Funded By The Bipartisan Infrastructure Law
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    John Moore/Getty Images via Getty Images
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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
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    YangYin via Getty Images
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    Wisconsin to spend $414M on wastewater, storm infrastructure

    The largest amount ever from the state’s Clean Water Fund will flow to 84 municipalities.

    By • Dec. 22, 2023
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    Courtesy of Children’s Hospital of Philadelphia
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    Economic Reports

    High interest rates knock construction starts to 10-month low

    Following October’s staggering 32% drop, nonbuilding work fell another 2% in November, with the highway and bridge sector tumbling 8%, according to Dodge.

    By • Dec. 21, 2023
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    ST-art via Getty Images
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    US regulators flag commercial real estate as a leading risk in 2024

    “Signs of stress emerged in 2023, and the market outlook is challenging” for commercial real estate, according to the Financial Stability Oversight Council.

    By Jim Tyson • Dec. 21, 2023
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    Courtesy of Purdue University
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    This year’s top tech stories

    From ChatGPT to robots and contech funding, here are the topics that were most popular with our readers.

    By • Dec. 20, 2023
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    Courtesy of Northwestern Mutual
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    The biggest office starts of 2023

    While owner financing is likely driving some deals on glittering new headquarters, quickly maturing loans on existing properties signal challenges ahead.

    By • Dec. 20, 2023
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    Courtesy of Gateway Program
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    Top infrastructure stories of 2023

    From airport expansions and dam removals to federal funding and legal wranglings, here are the articles that were most popular with our readers.

    By • Dec. 19, 2023
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    izusek via Getty Images
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    Opinion // Business Matters

    5 tactics to tell — and sell — your firm’s story

    Once you know what you want to say to potential clients, decide how best to present it.

    By Chemene Phillips • Dec. 14, 2023
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    AzmanL via Getty Images
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    Contech Funding

    4 contech firms, $60M in funding

    Amid a challenging venture capital environment and the struggles of their larger peers, contech startups continue to find fundraising success.

    By • Dec. 13, 2023
  • Funded By The Bipartisan Infrastructure Law
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    John Moore/Getty Images via Getty Images
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    Economic Reports

    Infrastructure nudges backlog higher as other sectors struggle

    A growing number of contractors face difficulties in securing new work, according to Associated Builders and Contractors.

    By • Dec. 13, 2023
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    Tom Shaw via Getty Images
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    Balfour Beatty backlog, revenue inch up in year-end update

    The company expects marginal gains driven by its work on Phase 1 of Britain’s HS2 rail project and increased airport construction activity in Hong Kong.

    By • Dec. 11, 2023
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    Funtay/iStock via Getty Images
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    Minneapolis Fed sees pain in residential, commercial construction

    A survey by the bank highlighted the divide between hard-hit private projects and booming industrial and infrastructure markets.

    By • Dec. 11, 2023
  • Wind turbine towers sit under construction at CS Wind on November 29, 2023 in Pueblo, Colorado.
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    Michael Ciaglo/Getty Images via Getty Images
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    Economic Reports

    Construction spending inches higher

    Manufacturing and infrastructure investments fueled a 0.1% uptick in October, but warehouse and distribution center outlays tumbled.

    By • Dec. 1, 2023
  • Rendering of Mutual of Omaha's $600 million tower in downtown Omaha, Nebraska
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    Courtesy of Mutual of Omaha
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    Office construction may never return to pre-pandemic levels

    Despite some massive office towers breaking ground, Dodge Chief Economist Richard Branch expects starts in the sector to continue to tumble.

    By • Nov. 28, 2023
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    Profits fall for many public firms, partly due to inflation

    Amid soaring costs, several construction industry giants reported lower gains in recent earnings reports.

    By Construction Dive Staff • Nov. 28, 2023
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    John Moore/Getty Images via Getty Images
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    Economic Reports

    Construction starts drop 7%, marking second consecutive loss

    Despite three megaprojects kicking off, high interest rates and tight credit restrained activity last month.

    By • Nov. 22, 2023
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    gradyreese via Getty Images
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    Opinion // Business Matters

    3 steps to a profitable exit strategy

    To make the most money when it’s time to sell, owners need to focus on building value in their firms, writes construction consultant Matt Verderamo.

    By Matt Verderamo • Nov. 21, 2023
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    Drew Angerer via Getty Images
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    2 years in, infrastructure law has funded 40,000 projects

    The White House said construction employment has also risen as a result of the influx in federal money.

    By • Nov. 16, 2023
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    Courtesy of McCarthy
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    McCarthy completes $92M Texas port project

    The St. Louis builder finished Port Houston’s Bayport Wharf 6 in 26 months on an accelerated timeline.

    By • Nov. 15, 2023
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    AzmanL via Getty Images
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    Contech surpasses $30B in total venture funding

    More construction technology providers will reach unicorn status even as venture capital slows in other sectors, according to an investment firm focused on the industry.

    By • Nov. 15, 2023