Economy: Page 40
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Deep Dive
Are P3s 'more trouble than they're worth'?
We recap our latest coverage of the method in light of the president's recent comments calling into question his stance on using private funds for public works.
By Mary Tyler March • Sept. 28, 2017 -
Billionaire Dan Gilbert pledges 24K jobs for $2.1B in Detroit projects
Of those temporary and permanent positions, 15,000 would be in construction for the four downtown developments in question.
By Kim Slowey • Sept. 22, 2017 -
Dodge: Construction starts fall 2% in August
Institutional projects like New York City's massive Moynihan Train Hall conversion led nonresidential building to a 14% month-over-month increase in value.
By Kim Slowey • Sept. 22, 2017 -
Office construction boom continues across the US
Almost 48 million square feet of new U.S. office space is scheduled for delivery before the end of the year, according to a report from Commercial Café.
By Kim Slowey • Sept. 22, 2017 -
Volvo doubles investment in SC plant to $1B
Company representatives did not give a reason for the increase but said the plant will hire an additional 1,900 employees as a result.
By Kim Slowey • Sept. 21, 2017 -
Sponsored by Go Build
America's continued construction labor crisis
The recent hurricanes, the Great Recession and expected infrastructure legislation have put the construction industry in an alarming situation.
By Bob Woods (CEO/President, Go Build) • Sept. 20, 2017 -
Architecture billings rise for seventh-straight month in August
The continued, steady demand for design services is a positive sign for future construction spending.
By Mary Tyler March • Sept. 20, 2017 -
Report: Industry optimistic about commercial prospects
Concerns about the availability of skilled workers have dampened enthusiasm somewhat and could worsen in response to the need for rebuilding in the South.
By Kim Slowey • Sept. 20, 2017 -
ConstructConnect: August nonresidential starts down 9.8%
The above-average loss was driven by reduced activity in the commercial and institutional categories.
By Kim Slowey • Sept. 19, 2017 -
Housing starts dip, permits climb in August
The full impact of Hurricanes Harvey and Irma on housing activity will be registered in the coming months as rebuilding efforts get underway.
By Mary Tyler March • Sept. 19, 2017 -
DC Metro needs $15.5B to keep trains running, officials say
The figure falls short of the $25 billion some officials say is necessary for key capital projects along the struggling rail system.
By Kim Slowey • Sept. 19, 2017 -
Builder confidence falls back in September
The drop-off comes amid uncertainty as to the extent of the rebuilding process in the Southeast and Gulf Coast following Hurricanes Harvey and Irma.
By Mary Tyler March • Sept. 18, 2017 -
Demand for construction supplies soars after Hurricane Harvey
Buyers are seeking steel buildings, doors, and concrete, masonry and stone products at a higher frequency now than they were before the storm.
By Edwin Lopez • Sept. 18, 2017 -
Pittsburgh International Airport has a $1.1B plan to downsize
The upgrade to the former U.S. Airways hub, which has struggled to meet capacity in recent years, will lower the cost per passenger significantly.
By Hallie Busta • Sept. 14, 2017 -
Material prices continue to rise in August
It's still unclear how demand from repairs needed following Hurricanes Harvey and Irma will impact material prices in the long term.
By Hallie Busta • Sept. 14, 2017 -
USDOT announces $500M TIGER grants
Selections will prioritize rural projects that improve infrastructure, connect to regional economic centers and support economic growth.
By Hallie Busta • Sept. 14, 2017 -
Moody's: Damage from Harvey and Irma could hit $200B
Although the storms' impact is expected to dampen economic prospects during Q3, they’ll likely push the construction industry to a solid Q4.
By Hallie Busta • Sept. 13, 2017 -
WA the latest to pilot a pay-per-mile fee
The state joins Oregon and a group of East Coast transit agencies in testing a mileage fee as a funding alternative to the gas tax for road construction.
By Hallie Busta • Sept. 12, 2017 -
NYC's research lab construction market is heating up
The city's 1.7 million square feet of lab space is fully occupied, with little new space in the works, indicating a likely business opportunity for contractors there.
By Mary Tyler March • Sept. 12, 2017 -
Report: Taxes funding US highway construction aren't enough
Rather than increasing slowly as expected, excise tax revenues are declining, raising the stakes for finding new sources of long-term infrastructure funding.
By Hallie Busta • Sept. 12, 2017 -
Dodge Momentum Index slips again in August
The month's overall decline was driven by a continued slowdown in the commercial sector to more stable activity levels.
By Hallie Busta • Sept. 11, 2017 -
Poll: A majority of Americans would pay more taxes for better roads
Even more respondents said they’d pay higher fees if laws mandated that the funds only be used on the intended infrastructure projects.
By Hallie Busta • Sept. 11, 2017 -
4 contracts issued for non-concrete US-Mexico border walls
The news follows four contracts issued last month to build test sections of concrete walls, with two of those companies winning contracts to build both types.
By Hallie Busta • Sept. 11, 2017 -
CBRE: US malls need a major redesign
Shopping centers should incorporate more businesses that have less competition from e-commerce, the real estate research firm said.
By Kim Slowey • Sept. 8, 2017 -
Construction employment has strongest month since February
Job growth has been largely volatile throughout the year, though August's report falls in line with data pointing to strength in the U.S. labor market.
By Mary Tyler March • Sept. 1, 2017