The first six months of 2021 have seen big materials cost hikes, increasing labor shortages and uncertainty over federal action on a major infrastructure package.
While price increases in softwood lumber have pushed new home costs higher due to homebuilders’ extensive use of the material, estimators for all other building types have felt the pinch as well.
As the COVID-19 pandemic recedes in the U.S. and restrictions on work and other interactions are lifted, the construction sector’s rebound is underway, with some markets bouncing back faster than others, analysts say.
Consumer owned power utility would buy out private providers, if measure passes and is not vetoed, with possible impact on $1B transmission line project; governor has been skeptical in public statements.
Safety sweeps in June prompted closures, as Commissioner Melanie La Rocca touts "zero tolerance," and agency issues new multi-year analysis of injuries and deaths.
State PUC tells providers to procure 11.5 GW of renewable power for delivery from 2023-2026, its largest-capacity single procurement and largest requiring only clean energy sources.
Fluor-led work on B.C. natural gas export terminal, part of estimated $31-billion project, pushes ahead to make up for COVID-19 delay; but final investment decision for $8.1B Goldboro LNG project in Nova Scotia will not be made, developer said July 2.
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