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Tag: economy


Construction Processes, Financial

US commercial real estate to grow through 2019

December 1, 2017

Via: Construction Dive

Despite the ULI’s findings, Bloomberg recently reported that the suburban office market is on an upward march as older millennials opt to move away from urban centers to smaller, more affordable cities nearby. And employers are tagging along. One of the contributing factors […]


Construction Processes, Procurement

Construction material prices continue to climb in September

November 17, 2017

Via: Construction Dive

A stronger international economy is sure to be welcome news for companies like Caterpillar, which suffered along with a weaker global market over the course of the last few years. Late last month, the construction equipment giant reported an 11% annual […]


Construction Processes, Financial

September construction starts jump 14%

November 2, 2017

Via: Construction Dive

Large nonresidential projects like the new Delta terminal continue to influence starts data. The new terminal, which is in addition to the current Terminal B project LaGuardia Gateway Partners (LGP) has in progress, is part of the Port Authority of […]


Construction Processes, Financial, Legal

Taxes funding US highway construction aren’t enough

September 18, 2017

Via: Construction Dive

Improvements in fuel efficiency and a federal gas tax — which has remained unchanged since 1993 — have been largely responsible for stunted growth in gas-tax revenues that fund the HTF. To remedy that holding pattern, industry groups and lawmakers alike are […]


Construction Processes, Financial

Seattle Partners withdraws $521M bid for KeyArena redevelopment

September 1, 2017

Via: Construction Dive

The city of Seattle issued a request for proposals back in January with an eye toward hosting an NBA team — to replace the SuperSonics — or an NHL team. Conditions of the proposal required that any potential developer would have to […]


Construction Processes, Financial

Median construction worker age on par with US workforce — for now

August 31, 2017

Via: Construction Dive

The construction workforce trending older has been cause for concern in some parts of the U.S. as the industry continues to cite the skilled labor shortage as one of its most critical problems. The Northeast, especially, could face challenges as […]


Construction Processes, Financial

CO convention center expansion costs double to $233M

August 31, 2017

Via: Construction Dive

Convention center representatives attributed the rising cost estimate to the skilled-labor shortage in Denver, climbing steel prices and building code requirements. Denver officials expect pushback on the tax from hotels that are not in close proximity to the convention center, […]


Construction Processes, Design

US residential solar takes a dip as business models change

August 29, 2017

Via: Construction Dive

Though 2017 breaks a long trend of growth in residential solar, the sector looks to be undergoing a transition to focus on profitability as markets mature, competition intensifies and the cost of bringing in new customers increases, Utility Dive reported. […]


Construction Processes, Financial

NYC leads US metros with highest ‘hidden’ housing costs

August 28, 2017

Via: Construction Dive

These kinds of additional housing-related costs are one more element first-time buyers must consider before entering the market. Millennials are particularly in tune with and concerned about managing what they can afford, perhaps after witnessing the economic mess created by […]


Construction Processes, Legal

CA passes legislation to spur affordable housing development

June 22, 2017

Via: Construction Dive

Caught amid California’s housing crunch, Senate Bill 35’s passage comes as a potential boon to the state’s future affordable housing stock. And it jives with California Gov. Jerry Brown’s call for legislation that would cut red tape for residential developers, […]