Tag: spending
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Tutor Perini posts $21.6B backlog, buoyed by infrastructure spending
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Tutor Perini racked up $2 billion in new awards and contract adjustments in the third quarter and its existing jobs remain on track despite President Donald Trump’s threats to pull funding from major infrastructure builds,…
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Tutor Perini posts $21.6B backlog, buoyed by infrastructure spending
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Tutor Perini racked up $2 billion in new awards and contract adjustments in the third quarter and its existing jobs remain on track despite President Donald Trump’s threats to pull funding from major infrastructure builds,…
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US Construction Spending Slowdown Impacts 2025 Machinery Sales
There isn’t much sign of optimism for the residential construction market, even allowing for an interest rate reduction by The Fed. Typically, an interest rate reduction would see mortgages become more affordable and drive housing activity. However, the cost of housing remains very high, limiting affordability for first-time buyers even with a reduction in interest…
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Construction spending slide deepens | Construction Dive
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Nonresidential construction spending slipped 0.2% in July to a seasonally adjusted annual rate of $1.24 trillion, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data. Private nonresidential outlays dropped 0.5% for…
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Construction spending slide deepens | Construction Dive
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Nonresidential construction spending slipped 0.2% in July to a seasonally adjusted annual rate of $1.24 trillion, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data. Private nonresidential outlays dropped 0.5% for…
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U.S. Construction Spending Slips in June as Housing, Office Projects Decline
U.S. construction spending fell to a seasonally adjusted annual rate of $2.13 trillion in June 2025, down 0.4% from May, according to Interact Analysis. Declines in private residential and commercial work outweighed gains in public infrastructure. Private residential construction dropped 0.7% to $883 billion, while office projects fell 1.4% to $86.8 billion. Manufacturing spending edged…
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AECOM bullish on data center, defense spending
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. With some election fog clearing, AECOM has insight into the construction outlook for the years ahead, which includes plenty of opportunity in data centers and defense, leaders of the Dallas-based firm said during an earnings call on…
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Nonresidential construction spending slips for sixth time in seven months
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Nonresidential construction spending declined 0.1% in June to a seasonally adjusted annual rate of $1.241 trillion, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released Friday. Private nonresidential construction fell…
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AstraZeneca grows US presence with $50B in spending plans
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. WASHINGTON — AstraZeneca, the U.K.’s third biggest company by market value, is making itself a bit more American. On Monday, AstraZeneca CEO Pascal Soriot joined Virginia Governor Glenn Youngkin in Washington D.C. to sign an agreement on…
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Construction spending drops for fourth straight month
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Nonresidential construction spending dropped 0.2% in May to a seasonally adjusted annual rate of $1.237 trillion, according to an Associated Builders and Contractors analysis released July 1. Spending fell from the month prior in eight…