Category: News

February 28, 2023

President Joe Biden signed the IIJA in November 2021, and despite excitement about the five-year, $1.2 trillion law, construction companies said late last year they haven’t yet seen much benefit. That’s starting to change as the money makes its way […]

February 28, 2023

Signed by President Joe Biden in August, the CHIPS and Science Act sets aside over $50 billion to boost U.S. semiconductor manufacturing, R&D and workforce development. Now, the Commerce Department is working to deploy that money. Earlier this month, the […]

February 27, 2023

After months analyzing OSHA’s safety data, Construction Dive’s findings are discouraging: The death rate for U.S. construction workers has flatlined for at least a decade. Injury rates from the four most common hazards also haven’t declined. And OSHA’s program for […]

February 24, 2023

A full year of higher interest rates will cause 2023 to be a slower year for construction activity, said Vornado CEO Steven Roth during the call. “Steel, concrete and curtain walls are important, but in our business, capital is the […]

February 24, 2023

International Construction magazine is launching a daily construction newsletter – Construction Briefing – to provide analysis and insights on the global construction sector. Written by experienced industry editors, Construction Briefing will be the only daily newsletter providing a global perspective […]

February 23, 2023

Construction starts fell 27% in January compared to December, but the drop is not necessarily a sign of an ongoing slowdown, according to Dodge Construction Network’s chief economist, Richard Branch. January construction starts totaled a seasonally adjusted rate of $865.6 […]

February 23, 2023

Despite New York’s rise, the number of construction workers who died on the job across the country in 2021 dropped 2.2%, according to Bureau of Labor Statistics data. Both New York state’s fatality rate and New York City’s — 11.2 […]

February 21, 2023

Construction begins in March to turn the Rock Island Bridge, a Kansas River railroad span, into a route to fun. Built in 1905 to transport millions of cattle to the Kansas City Stockyards, this project will renovate the bridge into […]

February 17, 2023

The firm’s backlog measured $4.5 billion at the end of 2022, a $475 million, 11.8% increase from a year earlier. That amount included $1.7 billion, a company record, from the firm’s California group. In Granite’s home state, the firm said […]

February 16, 2023

As the construction industry and the professional services that design projects for it continues to confront disruptions stemming from COVID-19, shifting project types, increased competition, and a retiring labor force, we are starting to see how the way we work […]

February 16, 2023

XL Construction has made moves in its executive suite, promoting Marcus Staniford to president of parent firm XL Industries and John Boneso to chief operating officer, according to a Feb. 15 news release. Staniford joined XL in 2017 and served […]

February 15, 2023

Contractor confidence rebounded in January to a level not seen since the first half of 2022 despite elevated borrowing costs, worker shortages and a weak economic outlook, said Basu. ABC’s construction confidence index for sales, profit margins and staffing levels […]

February 10, 2023

The five states with the lowest NSA unemployment rates were: Colorado (1.2%). Tennessee (2%). Utah (2.1%). Florida (2.2%). Nebraska (2.6%). All except Utah posted their lowest December NSA unemployment rate on record. The bottom five states were: Alaska (13.3%). Wyoming […]

February 9, 2023

Many hotel owners and ownership groups are looking for ways to attract new travelers and increase profitability. It comes as no surprise that guests continue to value authentic and high-quality experiences during their stay. Creating an environment guests will want […]

February 8, 2023

Gatwood Crane Service, a wholly-owned subsidiary of Bay Crane, has expanded its fleet and services in the Chicago-land area with the purchase of 43 cranes and other related support equipment from Chellino Crane, a wholly-owned subsidiary of ML Crane Group, […]

February 8, 2023

During his State of the Union address US President Joe Biden issued guidance to ensure construction materials in federal infrastructure projects are made in the US. “Tonight, I’m also announcing new standards to require all construction materials used in federal […]

February 7, 2023

Nine civil works megaprojects across the country will receive a total of $1.2 billion in funding from the Infrastructure Investment and Jobs Act, according to a press release from the DOT. As part of its National Infrastructure Project Assistance discretionary […]

February 7, 2023

Dozens of countries around the world have already banned the use of asbestos in the civil construction sector. Cheap to extract and abundant in nature, it is a natural fiber used to manufacture water tanks, insulation, partitions, tiles and decorative […]

February 3, 2023

Apartment developers are getting creative in order to keep the construction pipeline flowing amid construction and capital challenges. Four of the developers leading those efforts described their approach to continue building new housing in a session at the 2023 NMHC […]

February 2, 2023

The top 10 metropolitan areas accounted for 40% of all commercial and multifamily starts in the U.S., up from 37% in 2021, according to the report. Commercial and multifamily starts consist of office, stores, hotels, warehouses, commercial garages and multifamily […]