The construction industry is known for its complex and fluctuating costs. To effectively budget for a construction project, it’s essential to consider all the different labor costs. Here are some ...

Numerous uncertainties are setting the remainder of 2026 to be another challenging year for the U.S. construction industry. The cost of materials, for example, remains under pressure given a supply ...

Editor’s note: This article, distributed by The Associated Press, was originally published on The Conversation website. The Conversation is an independent and nonprofit source of news, analysis and ...

It costs $534 to build a single square foot of commercial space in New York City, the most expensive place on the planet for new construction, according to Turner & Townsend. The cost of construction ...

In the post-COVID world of construction, industry analysts and participants have focused considerable attention on material price escalation concerns and impacts caused by raw material shortages, ...

Editor's Note: This article appears in Governing's Summer 2024 magazine. You can subscribe here. Even before the recent phase of inflation, public construction projects often far surpassed their ...

Minnesota construction firms report labor shortages, rising costs and fewer projects, though many builders expect market ...

The skilled labor shortage is continuing to be a daily constraint for construction companies: contractors are struggling to ...

Following months of speculation, the Federal Reserve cut interest rates in September by half a percentage point, and a boost in new construction is expected as soon as the start of next year, ...

Sharply lower costs in all categories but material—which was roughly flat—decreased the price of building land pipelines by nearly $3 million/mile. The decrease in total estimated $/mile land pipeline ...

The construction industry is poised for a $4.2 trillion expansion over the next 15 years. But there’s a catch: a growing skills gap, with job vacancies already up 41% year-over-year, and looming ...