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 Joe Bousquin • Dec. 11, 2023

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 Matthew Thibault • Dec. 11, 2023

Explore the 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

Construction spending inches higher

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

By Sebastian Obando • Dec. 1, 2023

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 Sebastian Obando • Nov. 28, 2023

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

Construction starts drop 7%, marking second consecutive loss

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

By Sebastian Obando • Nov. 22, 2023

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

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 Julie Strupp • Nov. 16, 2023

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 Matthew Thibault • Nov. 15, 2023

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 Matthew Thibault • Nov. 15, 2023

AECOM’s profits plunge on higher revenue, backlog

CEO Troy Rudd said the strong U.S. dollar, which erodes the value of international contracts paid with foreign currency, impacted results.

By Julie Strupp • Nov. 15, 2023

Construction input prices fall amid declining inflation

The 1.2% drop in materials costs in October “should be cheered by most contractors,” said Anirban Basu, ABC chief economist.

By Sebastian Obando • Nov. 15, 2023

Backlog drops to lowest level since Q1 2022

“Many smaller contractors are feeling the sting of weaker economic fundamentals in struggling commercial real estate segments,” said Anirban Basu, ABC chief economist.

By Sebastian Obando • Nov. 14, 2023

US manufacturing boom unlocks ‘once-in-a-lifetime’ opportunity for contractors

Here are ways construction firms can cash in on the country’s $500 billion onshoring surge and the ancillary projects it is spurring. 

By Sebastian Obando • Nov. 14, 2023

WSP’s profit, revenue, backlog up in Q3

The Montreal-based firm sees a positive outlook for its green transition work and reaffirmed the guidance that it raised last quarter.

By Julie Strupp • Nov. 9, 2023

Microsoft-backed study shows AI investments producing returns

For every $1 companies invest in AI, they are realizing an average of $3.50 in return, the report says.

By Alexei Alexis • Nov. 8, 2023

Warehouse surge drives construction planning higher

A total of 21 projects valued at $100 million or more entered the planning stages in October, including a $215 million Google data center, according to Dodge.

By Sebastian Obando • Nov. 7, 2023

$3B in construction projects fuel downtown Detroit’s growth

Large developments, including Newlab at Michigan Central and the renovation of the Book Building skyscraper, were recently completed in the Motor City.

By Matthew Thibault • Nov. 7, 2023

Public projects fuel construction spending growth

The 0.3% jump in September marks the 16th consecutive month of gains, according to U.S. Census Bureau data.

By Sebastian Obando • Nov. 2, 2023

Israel-Hamas war could spike fuel prices, World Bank says

The outlook for commodity costs will “darken quickly” if the Mideast conflict escalates, the international lending institution said this week.

By Jennifer Goodman • Oct. 31, 2023

Ford delays construction on second Kentucky battery plant

The automaker is also delaying $12 billion in EV investments a month after it paused construction on its Michigan EV factory.

By Kate Magill • Oct. 30, 2023

Billions in deferred maintenance projects coming to US facilities

A nationwide push to address delayed upkeep on public buildings and infrastructure will create myriad opportunities for contractors, according to a consultant.

By Mary Scott Nabers • Oct. 25, 2023

Construction takes bigger bite out of the Big Apple

Building expenditures in New York City will jump 10% above pre-pandemic levels by the end of 2023 to reach $83 billion, according to a new report.

By Sebastian Obando • Oct. 19, 2023

Construction starts tumble as megaprojects, manufacturing falter

In addition, the Architecture Billings Index, a measure of future construction work, posted its lowest score since December 2020.

By Sebastian Obando • Oct. 19, 2023

Goldman Sachs, developer break ground on $500M Dallas campus

Balfour Beatty will reportedly build the all-electric facility, which comes at a time of soaring office vacancies in the city.

By Jennifer Goodman • Oct. 17, 2023