Tag: economic
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Construction Dive’s July 2025 economic roundup
A surge in data center projects steadied activity to kick off summer, but material costs and policy swings caused developers to pull back on many jobsites, according to the latest economic reports. Backlog ticked up on the strength of data center contracts, while early-stage planning activity climbed again in June. Total construction starts also jumped…
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2025 Construction Survey Shows Industry Staying Resilient Amid Labor and Economic Strains
Despite economic uncertainty, rising interest rates, and ongoing labor challenges, construction firms across the U.S. are staying resilient and planning strategically for the future, according to the newly released 2025 Construction Industry Survey from CBIZ. The nationwide survey gathered responses from general contractors, subcontractors, design/build firms and consultants in the architecture and engineering sectors. The…
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Construction Dive’s June 2025 economic roundup
Stronger planning and project starts gave contractors a lift in May, but signs of strain deepened as policy headwinds took a firmer hold, according to the latest economic reports. On the positive side, institutional projects, particularly in education and recreation, drove growth in nonresidential planning, while warehouse and hotel activity steadied the commercial side. Total…
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MEWP rental market slows amid economic uncertainty, IPAF data shows
IPAF’s MEWP rental market reports offer “essential insights for anyone operating in the powered access market” (image: Valmedia Creatives | Dreamstime.com) In 2024, the MEWP rental markets in both Europe and the US continued to grow in revenue, fuelled by sustained demand, increased rental rates, and inflationary factors. However, the pace of growth has begun…
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4 Rules for Smarter Economic Forecasting in Construction
Planning for the future has never been as vital — nor as daunting — as it is today. The past five years have demonstrated just how tumultuous the construction industry can be – from supply chain disruptions and labor shortages to rapid inflation and regulatory shifts, each year seems to bring new and unforeseen changes.…
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ABC: Nonresidential Construction Spending Slips Again in April Amid Economic Pressures
National nonresidential construction spending edged down 0.1% in April, according to the latest data from the U.S. Census Bureau, analyzed by Associated Builders and Contractors (ABC). On a seasonally adjusted annual rate, total spending in the sector reached $1.248 trillion. Six out of 16 nonresidential subcategories saw month-over-month declines. Private nonresidential construction dipped by 0.5%,…
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Jacobs remains ‘well positioned’ amid economic uncertainty
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Jacobs’ CEO Bob Pragada said he remains optimistic in the face of tariffs, political change and economic global uncertainty during the contractor’s recent second-quarter earnings call. “Overall, our business remains well positioned, with infrastructure and consulting services…
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Office demand remains resilient in Q1, despite economic uncertainty
Despite economic uncertainty, office demand remained resilient in the first quarter, showing negative absorption in the period but increasing 30% quarter-over-quarter and 48% year over year on a four-quarter rolling total, according to Cushman & Wakefield’s Q1 2025 office marketbeat report released Monday. Net absorption was positive in the first quarter for a third of…
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Preparing your firm for economic uncertainty
Economically, the last decade has seen many challenges for companies in the construction and renovation sectors. Recessions, pandemics, ever-increasing living costs, and recently imposed tariffs on goods and services going in and out of the United States have filled the headlines and given many directors cause for concern. So, how can you prepare your company…
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March 2025 economic roundup | Construction Dive
Nonresidential construction activity continues to churn forward in 2025, but signs of strain are surfacing. Planning activity ticked up again in February, boosted by data center projects, yet overall momentum slowed as institutional sectors, such as healthcare and education, pulled back. Input prices climbed for a second straight month, with nonresidential construction costs rising at…