In The News
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High interest rates stall building starts
August 20, 2024
High interest rates have stalled building projects since 2022. Future rate cuts may ease pressure, but delays and cancellations persist.
Värde Partners and David Weekley Homes join forces for land banking venture
August 13, 2024
A global investment firm and a home builder recently announced a joint venture to bank residential land in high-demand U.S. markets.
Maryland and other states crack down on work zone speeding with steeper fines
August 12, 2024
Maryland doubles work zone speeding fines to improve safety, responding to a fatal I-695 accident. Fines can now reach up to $1,000 to deter dangerous driving.
Alberta feeling pressure from construction labor shortages
August 1, 2024
Aging infrastructure, booming population growth, and a rapidly retiring workforce spell labor woes in Alberta.
Tutor Perini gets $48 million Alcatraz renovation contract
July 30, 2024
Tutor Perini landed a $48.6 million renovation contract for Alcatraz that’ll make it safe for the more than one million annual visitors.
Suicide rate among construction workers hits crisis levels: ‘We have to watch out for each other’
July 15, 2024
The construction industry has one of the highest suicide rates compared to other industries, the CDC said.
Construction workers are dying from suicide at an alarming rate
July 11, 2024
The construction industry has one of the highest suicide rates among professions, with an estimated 6,000 construction workers dying by suicide in 2022.
B.C. construction labor shortage good for workers
July 11, 2024
A shortage of construction workers in British Columbia is increasing wages and impeding contractors’ ability to take on new projects.
Construction sector adds 27,000 jobs in June
July 9, 2024
According to a press release from ABC, the construction industry added 27,000 jobs on net in June, plummeting unemployment to its lowest recorded rate.
Worker receives $900k settlement for busted hip
June 28, 2024
Allowing hazardous construction site conditions ruined a young union operating engineer’s hip, damaging his livelihood, and cost those he sued $919,000 for injuries.