Federal Reserve needs to start cutting interest rates, but that won't happen "until some point next year,” economist Anirban Basu told an industry webinar on July 26,
As compensation for labor and staff continues to rise, executives are keeping pace and garnering some of the biggest pay increases seen in the C-suite in over 15 years.
California Gov. Gavin Newsom signed two pieces of legislation that could create more than 100,000 construction jobs and make it easier to build on commercial land.
After years of steady increases, wages for many craftworkers have jumped recently, pushed up by the pressures of a hot economy, high inflation and labor shortages.
Materials supply chain disruptions and the mass retirement of older workers in the skilled trades—a trend that actually began in the 2010s—have forced preconstruction professionals and estimators to be more resourceful than ever.