NATIONAL—Last week, President Donald Trump's administration and the Pentagon announced plans to redirect $3.8 billion from the Defense Department's budget to fund the construction of the United States-Mexican border wall.
NEW JERSEY (Feb. 10, 2019)—The value of commercial and multifamily construction starts in the top 20 metropolitan areas of the United States gained 11% in 2019, reaching $139.6 billion, according to Dodge Data & Analytics.
NEW YORK (Jan. 29, 2020)—Dodge Data & Analytics released the findings of a landmark study that provides a comprehensive examination of the current state and future expectations for prefabrication and modular construction.
NATIONAL (Jan. 27, 2020)—Nonresidential construction spending on buildings is projected to grow by just 1.5% through 2020, and less than a 1% increase in 2021, according to a new consensus forecast from The American Institute of Architects (AIA).
Does your company offer work in New York? If it doesn't currently, you might want to consider it. There's potentially a wealth of opportunity in the next few years for infrastructure contractors, thanks to New York Governor Andrew Cuomo.
McDermott International, an energy contractor headquartered in Houston, Texas, announced in a press release this week that it is filing for a Chapter 11 bankruptcy as part of a restructuring strategy.
Things have been busy in Washington lately, in a surprise to no one. The good news, though, is that some of what's happened could potentially lead to lower materials prices for the construction industry—or at least the mitigation of price fluctuation.
CLEAN Future Act aims to achieve net-zero emissions by 2050.
New Buildings Institute, along with other partners, helped raise awareness about the 2021 International Energy Conservation Code (IECC) vote.
Hawaii, a planning, design and consulting firm, announced the merger of their two Kama'aina firms to offer enhanced services and capabilities to their clients. The transaction closed January 1, 2020 with the two companies sharing their unified vision for client-focused culture.
New year, new trade deal! In a potentially positive turn of events, the construction industry—and the economy as a whole—could see progress concerning the trade war between the United States and China.
Chicago, Illinois (Dec. 12, 2019)—The Council on Tall Buildings and Urban Habitat (CTBUH) has released its annual report, “CTBUH Year in Review: Tall Trends of 2019,” part of the “Tall Buildings in Numbers” data analysis series.