Tag: construction costs

June 21, 2024

It has been a little over two and a half years since the passage of the bipartisan Infrastructure Investment and Jobs Act (IIJA) provided a much-needed boost to the highway construction sector. In that same time, inflation has erased the […]

April 11, 2024

Earlier this week, the consumer price index in March also rose more than forecast for the third straight month, according to the Bureau of Labor Statistics. Ken Simonson, chief economist at the Associated General Contractors of America, echoed Basu’s sentiment […]

March 14, 2023

Phoenix and Orlando, Florida, are expected to experience price inflation above 5% within the next six months to a year. Most other cities will see price inflation above normal — in the 3% to 5% range — and the report […]

August 26, 2022

The modular restaurants, dubbed Qube for Quiznos and Baja Shack for Taco Del Mar, will allow franchisees to build on sites that are too small for a traditional restaurant. This could accelerate growth and decrease construction time and costs. Traditional […]

July 18, 2022

Impacts from a rise in construction material prices are still being felt despite some recent signs of prices stabilizing, according to new analyses by the Associated General Contractors of America and the Associated Builders and Contractors. According to an analysis […]

January 28, 2021

In boom times, construction costs typically increase more rapidly than the net cost of labor and materials, the report says. This happens as the overhead levels and profit margins are increased in response to the increasing demand. Similarly, in a […]

October 25, 2019

More than 1,000 days into the current administration, there is no escaping that the “Trump tariffs,” as they have come to be known, have caused a significant hike in material costs on most construction projects. The tariffs on imported materials […]

July 17, 2019

In the draft of Brooks’ and Liscow’s study, the two also point to higher-income communities or coalitions that demand more expensive highways as a reason for rising costs. This is because, according to the researchers, demand for many goods increases […]

January 16, 2019

Infrastructure construction projects in New York City are particularly notorious for how much they cost versus comparable projects in other metros around the world. The cost for the East Side Access tunnel, for example, which will connect the Long Island […]