Tag: pullback
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Construction starts tumble 20.5% amid megaproject pullback
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. A slowdown in megaproject kickoffs caused overall groundbreaking momentum to cool down in November, according to Dodge Construction Network. Total construction starts fell 20.5% in November to a seasonally adjusted annual rate of $1.22 trillion. The reversal…
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Cement producer pauses factory construction after funding pullback
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Sublime Systems, a low-carbon cement manufacturer, has paused construction of its forthcoming manufacturing plant in Holyoke, Massachusetts, and laid off 10% of its staff, according to a statement from the company sent to Construction Dive.…
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Private construction pullback drags down overall spending
Dive Brief: Nonresidential construction spending dipped 0.1% in April to a seasonally adjusted annual rate of $1.248 trillion, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released Monday. Spending fell in six of the 16 nonresidential subcategories, with private nonresidential construction down 0.5%, while public nonresidential construction rose 0.5%, according…