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Construction

Commercial construction spending dips as shortages continue

by Amanda Peacher
Nov 1, 2021
Warehouses are booming, but not so much for offices and retail. Vaccine hesitancy and lagging pay contribute to labor shortage.
Nonresidential construction has been held back by weakness in office and retail space, though warehouses are booming.
Eduardo Munoz Alvarez via Getty Images
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"Location, location, location" still applies if you're in the market for a new house

by Amy Scott
Sep 21, 2021
Shortages of building materials vary by state, so more new homes are being built in some regions than others.
Location is playing a role in both the pace of building and the availability of supplies and labor for new homes.
Mark Evans via Getty Images
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Back to Business

How one construction company is navigating labor and materials shortages

by Rose Conlon and David Brancaccio
Aug 4, 2021
The industry's challenges could lead to higher prices for consumers.
Maurice Rahming, who owns and operates O’Neill Construction Group in Portland, Oregon with his wife Ali O'Neill, says the industry's challenges could lead to higher prices for consumers.
Courtesy of O’Neill Construction Group
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real estate

U.S. housing market short 6.8 million homes, report says

by Samantha Fields
Jun 16, 2021
Construction of homes, especially those that are affordably priced, has fallen in recent years, according to National Assn. of Realtors.
Slowed construction of affordable housing over the past two decades has contributed to a nationwide shortage of dwellings.
Drew Angerer via Getty Images
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Lumber isn't the only thing that's getting more expensive for contractors

by Mitchell Hartman
Apr 22, 2021
Everything that goes into a building project, from diesel fuel to plastics to gypsum for drywall, is getting more expensive.
Sharply rising prices for all kinds of raw materials are hurting residential and commercial builders alike.
Al Bello/Getty Images
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Commercial construction faces a rocky year but skilled workers are still needed

by Mitchell Hartman
Apr 20, 2021
Study shows commercial construction employment is still down about 5% from before the pandemic.
Study says any ramp-up in big and expensive projects will lag the overall economic recovery.
Sean Gallup/Getty Images
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COVID-19

COVID recession puts damper on large construction projects

by Andy Uhler
Nov 17, 2020
The Houston area lost the most construction jobs of any big city over the last year.
A worker directs traffic as construction takes place on a new tower in New York City in March.
Eduardo Munoz Alvarez/Getty Images
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The homebuilding industry still needs thousands of workers, and it's looking in new places to hire

by Amy Scott
Sep 17, 2020
A training program for high school students in the juvenile justice system aims to expand the pool of candidates for entry-level jobs.
A construction worker roofing an apartment complex in Uniondale, New York. Construction, generally considered essential, has continued in the pandemic.
Al Bello/Getty Images
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COVID-19

The construction industry's getting back to work after shedding a million jobs

by Amy Scott
Jun 2, 2020
And more job losses are likely on the way.
A house being built in Phoenix. Residential construction fell 4.5% in May due to the COVID-19 pandemic.
Justin Sullivan/Getty Images
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273,000: A blockbuster number for the February jobs report

by David Brancaccio and Alex Schroeder
Mar 6, 2020
The number, coming before the coronavirus outbreak intensified, crushed expectations.
Unemployment fell back to 3.5% in February.
Pixabay
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