Project abandonments spike in 2025 with private sector hit hard
Project abandonments surged 9.5% in March of 2025, with private sector work hardest hit. The hike stems from tariff uncertainties.
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The top 10 most expensive cities to build in
Land costs and a competitive real estate market are some of the reasons why London, New York City, and Hong Kong are among the most…
Nonresidential construction spending hits all-time high
Nonresidential construction spending surged to a record high in February 2025, driven by government spending on infrastructure.
Deepseek AI could spark a surge in data center construction
Deepseek AI uses less power than most generative AI models. This efficiency will drive higher demand for data centers as AI use grows.
Is a recession coming in 2025? What it could mean for construction
The U.S. tariffs will likely cause a recession, and diversified services, strategic spending, and tech adoption are key to keeping business afloat.
Canadian builders and manufacturers are sourcing alternative suppliers as a result of US tariffs
Canadian builders have started to source materials from suppliers outside of the US, signalling a shift of less dependence due to tariffs.
Where construction booms and flops: Ranking the best and worst states
Wisconsin is the top state for a favorable construction environment, with a 4.4% job growth rate and 2,500 apprentices in skilled trades.
Contractors report declining backlogs, raising concerns for industry growth
Contractor backlogs dropped 20% in 2024 to 8.4 months, highlighting slowing construction demand and rising economic pressures.
ABC Releases AI Construction Technology Report
ABC released its fourth annual construction technology report, focusing on the impacts of artificial intelligence in construction.
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