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Fueled by federal dollars, commercial construction is booming

May 1, 2023
The resilience of this usually interest rate-sensitive sector makes the Fed’s goal of taming inflation that much harder.
Federal dollars dedicated semiconductor chip manufacturing and battery production is helping lift construction worker wages.
Joe Raedle/Getty Images

Commercial construction spending dips as shortages continue

Nov 1, 2021
Warehouses are booming, but not so much for offices and retail. Vaccine hesitancy and lagging pay contribute to labor shortage.
Demand for residential construction projects has slowed while commercial projects have largely remained steady, says Maurice Rahming, President of the O'Neill Construction Group.
Eduardo Munoz Alvarez via Getty Images