Anirban Basu, chief construction economist for Marcum LLP, warns that an "overheated" economy may impact some industry segments this year.

President Joe Biden's $6.8-trillion budget highlights include highways, transit grants.

Money from the 2021 infrastructure law mark the second round of clean water state revolving fund allocations.

Orlando receives the largest dollar amount, $69 million. Eight California airports nab a total of $139.5 million.

The largest of the grants, at $56 million, goes toward a project set to cap a section of highway running through Buffalo, N.Y.

The U.S. Commerce Dept. launched first funding opportunity for semiconductor chip producers seeking to build, expand or modernize plants using money from the Chips and Science Act. 

Nonresidential and nonbuilding starts remained higher for the 12 months ending in January compared to a year earlier.

The developer points to elevated construction financing costs and a slower-than-expected return of Manhattan office workers after COVID-19 as causes.

Redwood Materials plans to draw pieces of federal financing as it achieves milestones in phased construction of its northern Nevada battery materials campus.

Unclear details on broadened Buy America rules on projects announced by President Biden during his State of the Union Address have industry officials concerned.