Category: Financial

July 22, 2022

More than $133 million is headed for airports in the southeast, as part of almost $1 billion earmarked by the U.S. Dept. of Transportation’s Federal Aviation Administration’s Airport Terminal Program. Nine airports from Florida to North Carolina will benefit from […]

July 13, 2022

Two funding efforts in the $1.2 trillion Infrastructure Investment and Jobs Act want to push construction into the digital age. The Advanced Digital Construction Management Systems initiative and the Technology and Innovation Deployment Program will provide a total of $550 […]

July 7, 2022

Despite the positive year-over-year comparisons, economists said the numbers are beginning to make real the specter of a recession that’s hung over the market for months. “Signs of economic slowing have become more pervasive over the last several weeks and […]

June 23, 2022

The clamor over construction’s labor crisis reached a fever pitch this week, with new evidence suggesting historic wage increases for low-skilled site workers are eating into contractors’ profits. Average hourly earnings for production and nonsupervisory employees in construction rose to […]

June 15, 2022

This week, the prospect of a recession got real. Scary real. Nearly six months into the stock market’s tumultuous ride, investors woke up Monday to see the claws of the bear now too late to duck: 40-year-high inflation for six […]

June 10, 2022

Montgomery County in Ohio plans to spend about $21 million improving the its streets and bridges in the coming years. According to the Dayton Daily News, the projects include more than $2.7 million for asphalt resurfacing this year, a $900,000 […]

June 6, 2022

The U.S. Navy has awarded more than $1 billion worth of contracts and task orders for work on military bases on the Pacific Island of Guam, most for Marine Corps Base Camp Blaz, which is intended to accommodate thousands of […]

May 31, 2022

As the Biden administration continues to distribute more of the funds from the $1.2-trillion Infrastructure Investment and Jobs Act, one focus is the law’s record funding for tribal infrastructure, including roads and bridges, drinking water, wastewater treatment and broadband. Mitch […]

May 31, 2022

Pennsylvania Department of Transportation (PennDOT) officials are concerned that federal funding may not have the benefit they expected. This is due to persistent inflation and problems getting basic materials such as concrete and asphalt. According to the Pittsburgh Post-Gazette, problems […]

May 24, 2022

The concept of “dig once” has become popular within many state and local infrastructure communities, according to Brittney Kohler, legislative director of transportation and infrastructure with the National League of Cities. Coordinating infrastructure projects, when practical, often is more efficient […]

May 19, 2022

If necessity is the mother of invention, the LBJ Express megaproject in Dallas, Texas, is a case study in pioneering engineering design and forward-thinking financing. This award-winning project stands as the largest and most complex mixed highway ever designed in […]

May 17, 2022

Foreign capital sources have made a major push into U.S. multifamily in recent years, and at the same time pivoted away from coastal real estate in favor of the Sun Belt and secondary markets. Points of interest for these investors […]

May 17, 2022

The U.S. Department of Transportation (DOT) announced that the application process is now open for communities to apply for $1 billion in Fiscal Year 2022 funding to help them ensure safe streets and roads for all. The Bipartisan Infrastructure Law’s […]

May 13, 2022

The city of Atlanta recently received $45 million in federal funding for infrastructure projects. This is the first payout to the city from the $1.2 trillion Infrastructure Investment and Jobs Act, which aims to improve roads and transit, clean water, […]

May 5, 2022

Table 1 is a one-place depiction of the key percentage-change metrics for the 2022 Q1 put-in-place construction dollar volume statistics from the Census Bureau. Total year-to-date spending is ahead by +12.0, owing more to residential, at +18.6%, than nonresidential, +5.8%. […]

April 28, 2022

With the Infrastructure Investment and Jobs Act moving deeper into the funding rollout stage and fiscal year 2022 appropriations belatedly in place, congressional appropriators are focusing sharply on federal spending bills for 2023. Senate and House committees are scrutinizing President […]

April 20, 2022

After two years of pandemic-related fits and starts, builders are set for a busy spring. Construction and engineering spending reached $1.57 trillion in July 2021, according to Deloitte, and revenue growth will likely accelerate in 2022. In a survey of […]

March 29, 2022

The public financing share for the Buffalo stadium is smaller than most previous NFL deals. When Highmark Stadium (pictured above) — the Bills current home field, the fourth oldest in the NFL — was built in 1973, it was 100% […]

March 24, 2022

Howard University has announced a five-year, $785 million construction program that will add three new multidisciplinary academic facilities, and renovate several existing buildings on the main Washington, D.C., campus. Scheduled to get underway later this year, the program represents the […]

March 23, 2022

The U.S. Department of Transportation today announced $2.9 billion of funding for major infrastructure projects now available through the Infrastructure Investment and Jobs Act (IIJA). The funding represents three major discretionary grant programs that will be combined into one Multimodal […]