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 ...

Construction activity is beginning to steady in many parts of the world, with costs not rising as fast as in recent years. Most countries expect escalations to be between 2% and 6% in 2026. This shows ...

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, ...

Material choice is one of the single biggest cost levers in any new construction project, and it is also one of the most ...

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 ...

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, ...

Federal Reserve Bank of Minneapolis survey found 54% of construction companies reported lower activity than a year ago. Labor shortages remain a top challenge, with firms struggling to find workers ...

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 ...