Tag: Fears
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Construction spending plummets on tariff fears
Dive Brief: Nonresidential construction spending fell 0.5% in March to a seasonally adjusted annual rate of $1.25 trillion, retreating from February’s record-setting high, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released Thursday. Spending declined in 11 of the 16 nonresidential subcategories, with private nonresidential construction dropping 0.8% and public…
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Tariff fears ‘settling down’: Graycor Southwest lead
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Tariff fears are abating as the Southwest’s construction landscape heats up due to demand for data centers and chip fabs, according to Graycor Construction’s new general manager of the region. The Oakbrook Terrace, Illinois-based firm and other…
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Tariff fears tied to biggest construction cost jump in 2 years
Dive Brief: Construction input prices jumped 1.4% in January, marking the largest monthly increase in two years, according to an analysis by Associated Builders and Contractors. Energy costs drove much of that increase, with crude petroleum, natural gas and unprocessed energy all rising. However, the price jump also stems from a rush to purchase materials…
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Exploring Architects’ Perspectives on AI: A Survey of Fears and Hopes
RIBA, the Royal Institute of British Architects, ran a survey in late 2023 with 500 respondents on the impact of AI on their profession. The study also explored the near-term outlook for AI adoption and use. The results reveal divided opinions among architects. A popular view is that AI threatens the profession, even though a…