-
16 hours ago | 
enr.com | Annemarie Mannion |Johanna Knapschaefer |Alisa Zevin |Jennifer Seward
-
1 week ago | 
enr.com | Alisa Zevin
Total construction spending fell 0.5% month-over-month in March, according to a report recently released by the U.S. Census Bureau. Residential construction spending fell 0.4% from February’s rates, while non-residential spending declined 0.5%. “Nonresidential construction spending fell sharply in March, with declines spread across virtually every private subsector,” Anirban Basu, chief economist at Associated Builders and Contractors, said in a press release.
-
2 weeks ago | 
enr.com | Alisa Zevin
Despite the current economic uncertainty, construction unemployment numbers remain low, according to a report by the U.S. Bureau of Labor Statistics. The non-seasonally adjusted (NSA) unemployment rate was 5.4% in March, the same rate recorded in March 2024. Bernard Markstein, president and chief economist of Markstein Advisors, who analyzed the report for Associated Builders and Contractors (ABC), remains cautious about the construction economy going forward.
-
2 weeks ago | 
enr.com | Alisa Zevin
Available job openings in the construction sector showed month-to-month and year-over-year declines. Economists point to caution from investors and owners taking a wait and see approach—at least in the near term—as tariff rates remain unresolved and wariness over the economic outlook persists. Sector jobs were down 38,000 as of the last day of March compared to February’s numbers, according to the recently released U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey.
-
1 month ago | 
enr.com | Alisa Zevin
Construction material prices rose 0.5% on a monthly basis in March, with yearly prices up 0.8%, according to the U.S. Bureau of Labor Statistics’ Price Producer Index released April 11. While the administering of tariffs to various countries remains volatile, prices for many materials are beginning to see the effects.
-
1 month ago | 
enr.com | Alisa Zevin
After going into effect for a roughly half a day on April 9, President Trump pulled back most of the new tariffs his administration announced last week, putting them on a 90-day pause. This leaves the current 10% tariff rate that went into effect in early April in place for most countries, while China will be slapped with 125%, a higher rate than announced last week. China recently reported that imports from the United States would face a tariff of 84%.
-
1 month ago | 
enr.com | Alisa Zevin
Industry experts are bracing for impact after President Trump announced April 2 a 10% tariff on all countries beginning April 5, with roughly 60 countries, among them China and the European Union, subject to higher rates starting April 9.
-
1 month ago | 
enr.com | Alisa Zevin
Tariff implications, persisting inflation woes and stalling rate cuts could bring an economic downturn in the coming year, Anirban Basu, chief economist for the Associated Builders and Contractors, said in a first quarter economic update and forecast on April 2. “I underestimated the U.S. economy’s resilience [in 2023 and 2024] and so I’m fearful of doing that again,” said Basu.
-
1 month ago | 
enr.com | Alisa Zevin
Construction spending rose in 0.7% in February on a month-to-month basis, according to a report released today by the U.S. Census Bureau. On a yearly basis, overall spending increased 2.9%. “Construction spending rebounded in February, following widespread severe weather that may have slowed projects in January,” Ken Simonson, chief economist of the Associated General Contractors of America, said in a press release.
-
2 months ago | 
enr.com | Alisa Zevin
ProjectsBest Projects2024 Denver Region: ENR Mountain States Submitted by: Hensel Phelps Owner: City and County of Denver Lead Design Firm: TVS General Contractor: Hensel Phelps Civil Engineer: SAN Engineering Structural Engineer: Martin/Martin Consulting Engineers MEP Engineer: RK Mechanical Owner's Representative: Rider Levett Bucknall MWBE Architect: Iron Horse The vertical expansion to the Colorado Convention Center added 200,000 sq ft to the 2.2 million sq-ft center built in the early...
