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Market uncertainty splits construction into ‘haves and have-nots’

April 26, 2023

Via: Construction Dive

Construction starts continue to boom across the country, but economic headwinds soon could put a damper on the industry, according to Richard Branch, chief economist at Dodge Construction Network. In fact, Branch said starts are “likely to erode” as the […]


Construction Processes, Financial

Banking turmoil stirs up new headwinds for construction

April 17, 2023

Via: Construction Dive

Signs point to decreased construction activity in coming months as financing costs for many developers have become prohibitively high, sources told Construction Dive. For example, increased interest rates are making construction projects more risky and less profitable, said Nicolas McNamara, […]


Construction Processes, Financial

Banking woes hit construction planning outlook

April 11, 2023

Via: Construction Dive

Several categories of commercial planning fell, led by a 29% and 11% decrease in the office and warehouse sectors, respectively. Overall commercial planning, which includes offices, retail, hotels and warehouses, dropped 6.6% in March. Institutional planning weakened too, as healthcare […]


Construction Processes, Financial

Contech firm launches new banking service for contractors

January 19, 2022

Via: Construction Dive

Briq Cash wants to solve what it calls “inefficiencies” surrounding payments in the construction industry, from time-consuming tasks like opening multiple accounts to digitizing files and data like receipts and invoices. “There’s different regulatory requirements that sometimes companies have to […]