For the first time since the 2010 housing crisis, total revenue for Top 600 firms decreased. Read the complete report about productivity, costs, bottlenecks—and what executives say.
Northwest Carpenters Union pact with contractors that includes a 15.43% wage and benefits hike is approved by 54% majority, with a strong online and strike site opposition campaign.
Energy Transfer LP is cited for drilling fluid leaks into groundwater and surface waters on 350-mile Mariner East project, incidents unreported to state regulators; contractors were not charged, but the owner has not commented.
industry groups fear risk of new project delays with Biden-promised rules to restore indirect and cumulative environmental impact review, with comment on new changes due in late November
Push to end Michigan shutdown of the cross-border oil-gas line comes as owner aims to bid new contract by mid-October to build an estimated $500M replacement tunnel.
Worries over price inflation and persistent labor shortages have cooled optimism among construction execs, but overall confidence in the market remains strong.
Following a period of strong recovery, construction activity has begun to cool, largely due to emerging COVID-19 variants, high materials prices, a worker shortage and other challenges.