Economy: Page 2


  • President Donald Trump takes a question from a reporter
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    Andrew Harnik/Getty Images via Getty Images
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    Trump’s new tariffs add pressure to construction pipeline

    Higher fees on materials from Canada, Mexico and China will further squeeze project budgets and likely lead to delays and cancellations.

    By March 4, 2025
  • A wall surrounds a construction site on the UCSF Parnassus campus.
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    Justin Sullivan/Getty Images via Getty Images
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    Economic Reports

    Construction spending stalls despite data center boom

    A slight uptick in January was “far from encouraging,” according to ABC’s chief economist.

    By March 4, 2025
  • Wall street sign in New York City with New York Stock Exchange background
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    lucky-photographer via Getty Images
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    MasTec positions itself for oil and gas ā€˜renaissance’

    The Coral Gables, Florida-based specialty contractor’s CEO said the company is positioned to capitalize on demand for energy and telecommunications infrastructure work.

    By March 3, 2025
  • Freight rail cars carrying lumber sit on rail tracks
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    Mario Tama via Getty Images
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    Trump orders review of wood supply chain

    Over the next year, various U.S. departments will assess whether tariffs, quotas or updated permitting processes could help limit the country’s reliance on foreign timber and lumber.

    By Edwin Lopez • March 3, 2025
  • Wall Street sign with U.S. flags in background
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    lucky-photographer via Getty Images
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    WSP ā€˜feeling extremely good’ even amid instability from Trump’s moves

    The firm announced a multi-year partnership with Microsoft as it embarks on a new tech-focused strategic cycle.

    By Feb. 28, 2025
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    Danielle Ternes/Construction Dive
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    Column // The Dotted Line

    Tariff worries force firms to rethink contracts

    Builders are facing trade war-induced price escalation, but they can take key steps to help mitigate that risk.

    By Feb. 25, 2025
  • rendering of the renovations to Beaver Stadium
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    Courtesy of Penn State
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    Economic Reports

    The 9 largest commercial construction starts of January 2025

    Overall activity dropped during the first month of the year, though infrastructure work kept builders busy, according to Dodge Construction Network.

    By Feb. 25, 2025
  • Two construction workers in safety gear look at cranes.
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    Courtesy of Lendlease
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    Lendlease’s focus on domestic work begins to pay off

    As part of a new strategy, the Australian firm has sold off its U.S. construction projects and entered an agreement to divest from its U.K. business.

    By Feb. 19, 2025
  • Wall street sign in New York City with New York Stock Exchange background
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    lucky-photographer via Getty Images
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    Granite sees ā€˜tremendous support’ for IIJA from Washington

    On the California-based roadbuilder’s fourth-quarter earnings call, CEO Kyle Larkin said the market was among the strongest he’s encountered, though inflation looms.

    By Feb. 18, 2025
  • Construction workers help build a condo tower using steel rebar
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    Joe Raedle/Getty Images via Getty Images
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    Economic Reports

    Tariff fears tied to biggest construction cost jump in 2 years

    Contractors have rushed to buy materials before potential tariffs go into effect, pushing prices higher. More hikes could lie ahead, according to construction trade associations.

    By Feb. 13, 2025
  • Construction workers help build a condo tower using steel rebar on Feb. 10, 2025, in Miami, Fla.
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    Joe Raedle/Getty Images via Getty Images
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    Economic Reports

    Construction backlog posts gains to kick off the year

    Contractors expect activity to pick up over the next six months amid renewed confidence since the presidential election, according to Associated Builders and Contractors.

    By Feb. 13, 2025
  • Federal Reserve Chair Jerome Powell.
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    Scott Olson via Getty Images
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    Inflation heats up to 3% as Trump calls on Fed to cut main rate

    The unexpected rise in price pressures prompted futures traders to increase the odds that the Federal Reserve will hold the benchmark rate at its current range beyond May.

    By Jim Tyson • Feb. 13, 2025
  • rendering of The $407 million Memorial Hospital expansion in Colorado Springs, Colorado.
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    Courtesy of UCHealth
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    Economic Reports

    Construction planning up 26% to start 2025

    The increase should boost spending in the second half of the year, according to Dodge Construction Network.

    By Feb. 11, 2025
  • Two construction workers work on a mixed-use complex in Los Angeles.
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    Mario Tama/Getty Images via Getty Images
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    Economic Reports

    January 2025 economic roundup

    Construction Dive tracks key industry data including backlog, planning activity, input costs, starts and spending.

    By Feb. 11, 2025
  • A construction worker climbing a support structure for a building.
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    Joe Raedle via Getty Images
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    Trump tags steel, aluminum imports with 25% tariffs

    The new duties build on actions from the president's first term while axing exemptions and product exclusions.

    By Philip Neuffer • Feb. 11, 2025
  • a man works on a laptop in an office with a hardhat on the desk
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    izzetugutman via Getty Images
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    Opinion // Business Matters

    Why not to be the lowest bidder

    Competing on price matters, but it is only part of consistently winning work, says consultant Chad Prinkey.

    By Chad Prinkey • Feb. 6, 2025
  • Wind turbine towers sit under construction at CS Wind
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    Michael Ciaglo/Getty Images via Getty Images
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    Losing construction sectors under Trump

    As the new administration begins to reshape federal policy, demand for certain types of projects could wane.

    By , Feb. 5, 2025
  • a worker in an orange vet sits stop a steel beam
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    kali9 via Getty Images
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    Construction hiring slows to ā€˜unprecedented pace’

    The decline is a result of diminished demand for labor, potentially due to cold weather and the presidential transition, according to a construction economist.

    By Feb. 5, 2025
  • Data centers are shown situated near a neighborhood in Ashburn, Virginia.
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    Nathan Howard/Getty Image via Getty Images
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    Winning construction sectors under Trump

    Thanks to new White House policies aimed at limiting regulations and easing approvals, contractors expect a surge in activity for data centers, manufacturing and energy projects to power AI.

    By , Feb. 4, 2025
  • After signing a series of executive orders and proclamations, Trump spoke to reporters about a range of topics including recent negotiations with Mexico on tarriffs.
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    Anna Moneymaker/Getty Images via Getty Images
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    Economic Reports

    Construction spending slips as costs rise ahead of tariffs

    Higher material prices could threaten future demand for projects even before a brewing trade war fully unfolds, according to AGC CEO Jeffrey Shoaf.

    By Feb. 4, 2025
  • Three people standing, shaking hands wearing construction hats and jackets
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    Permission granted by American Express
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    Sponsored by American Express

    American Express and Levelset help simplify lien rights to help merchants optimize business operations

    American Express and Levelset are teaming up to help address lien rights management in the construction industry.

    Feb. 3, 2025
  • One man speaks at a microphone in front of flags and another man.
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    Win McNamee via Getty Images
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    DOT says it will tie funding to birth, marriage rates

    The agency issued a memo after Transportation Secretary Sean Duffy authorized a series of actions to advance Trump’s agenda.

    By Jan. 31, 2025
  • Multiples rows of homes burned in California fires.
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    Mario Tama via Getty Images
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    How California wildfires are affecting supply chains

    While no major warehouse impacts have been reported, a spike in building materials demand could create shortages.

    By Alejandra Carranza • Jan. 31, 2025
  • The interior shot of a very neat, white, sterile manufacturing environment, with machines scattered throughout the frame.
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    Permission granted by PCL Construction
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    PCL ramps up manufacturing group for onshoring surge

    The move aligns the firm's pros from different geographies under one fully integrated team.

    By Jan. 31, 2025
  • construction workers look at a laptop
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    Akachin Phonsawat via Getty Images
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    Q&A

    Circularity, sustainability provide opportunities: VC lead

    Eduardo Gomez, the head of CRH Ventures, said the firm uses its accelerator programs to find standout startups and potential business partners.

    By Jan. 29, 2025