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The technology giant says it is reorganizing its construction and design software divisions under one umbrella, while also announcing a 9% cut to its global workforce.

In order to track progress, workers with Samet Construction are using 360° cameras on their hard hats to record their work on the 670,000-sq-ft, 27-story The Novus mixed-use tower in Durham, N.C.

ENR’s 20-city average cost indexes, wages and materials prices. Historical data and details for ENR’s 20 cities can be found at ENR.com/economics

When noncompliant guardrails and covers remove caution that prevents accidents.

Steel, cement prices increased this past year while lumber prices declined.

Fear of tariffs has not impacted prices yet, but OEMs weigh their options.

Raises peaked in 2023, but remain high compared to pre-pandemic levels.

Concerns over tariffs will factor heavily as the year continues.

Materials prices are expected to rise in the face of tariffs.

Rate cuts have slowed in the first quarter of 2025, and experts predict rising materials costs ahead.