Tag: Construction
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How to Avoid the 5 Main Potential Challenges for the Construction Industry in 2025
At the halfway point of 2024, U.S. construction spending was down roughly $1.7 billion from the previous year. While new construction projects are expected to grow by 8.5% in 2025, there are still several uncertainties for the upcoming year that could create challenges for businesses in the construction industry. Calum Mair, commercial director of North America…
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2025 Sustainable Construction Trends: How Builders Can Stay Ahead
As the global focus on sustainability intensifies, the construction industry is significantly transforming. In 2025, the need for green, energy-efficient buildings has become more pressing than ever. With climate change concerns, resource shortages, and a growing demand for eco-friendly solutions, the role of sustainable construction practices is becoming increasingly critical. Builders and developers are now…
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Nonresidential construction prices notch ‘far-too-hot’ 9% annualized gain
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Nonresidential construction input prices soared in February to notch a red-hot 9% annualized pace year to date, according to Associated Builders and Contractors. Overall construction inputs gained 0.6% for the month, following the biggest jump…
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After 5 years, construction still reels from COVID’s labor impact
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. On March 13, 2020, two days after the World Health Organization classified COVID-19 as a pandemic, the U.S. declared a public health emergency. Uncertainty swirled. Work of all kinds slowed. People isolated themselves, wore masks and worked…
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Construction groups decry PRO Act’s reintroduction
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: A group of federal lawmakers have reintroduced the Protecting the Right to Organize Act in Congress, which opponents say would tip the balance of labor relations in favor of unions. Resubmitted by Sen. Bernie Sanders,…
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How is building safety impacting insurance premiums in construction?
Overall, the limits to cover are at more viable levels, although, given the cost of premiums, higher limits may remain out of reach for some. However, the exclusions and/or restrictions for cladding and/or fire safety related claims still remain. There is also the difficulty that certain professions, such as managing agents, have in obtaining cover. …
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Large construction firms expand backlogs as smaller firms struggle
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Construction backlog declined to 8.3 months in February, down about 1% from January, according to an Associated Builders and Contractors survey conducted from Feb. 20 to March 5. Work in builders’ pipelines fell for contractors…
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Canada’s Graham Construction scoops up XL Industries
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Canadian building stalwart Graham Construction has expanded its U.S. presence via a merger with California-based XL Industries, which focuses on advanced technology, life science and healthcare clients. The deal, announced March 4, will infuse Calgary, Alberta-based Graham…
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February 2025 economic roundup | Construction Dive
Nonresidential construction planning built on its late-2024 momentum with growth in all sectors to kick off 2025. But contractors still face a number of headwinds that could derail momentum. Energy price spikes and a rush to buy materials ahead of tariff deadlines caused a 1.4% jump in input costs in January, the largest monthly increase…