Economy: Page 5
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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 -
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 Matthew Thibault • Jan. 26, 2024 -
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 -
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 -
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 Julie Strupp • Jan. 23, 2024 -
Construction starts jump 20%
December’s rebound after three down months signaled “the planning queue is stabilizing,” according to Dodge’s chief economist.
By Sebastian Obando • Jan. 19, 2024 -
Economic Reports
Backlog increases amid easing credit conditions
Builder confidence in securing new work also jumped, fueled by the expectation of rate cuts.
By Sebastian Obando • Jan. 16, 2024 -
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 Sebastian Obando • Jan. 16, 2024 -
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 -
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 Sebastian Obando • Jan. 11, 2024 -
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 Matthew Thibault • Jan. 10, 2024 -
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 Matthew Thibault • Jan. 10, 2024 -
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 -
Debts, lawsuits force Detroit builder to file bankruptcy
Unpaid bills on the $30 million Dreamtroit project caused problems for MiG Construction.
By Matthew Thibault • Jan. 8, 2024 -
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 Sebastian Obando • Jan. 8, 2024 -
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 -
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 Zachary Phillips • Jan. 4, 2024 -
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 Matthew Thibault • Dec. 22, 2023 -
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 Sebastian Obando • Dec. 21, 2023 -
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 -
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 Matthew Thibault • Dec. 20, 2023 -
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 Sebastian Obando • Dec. 20, 2023 -
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 Julie Strupp • Dec. 19, 2023 -
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 -
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 Matthew Thibault • Dec. 13, 2023 -
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 Sebastian Obando • Dec. 13, 2023