The Federal Reserve’s 0.5-percentage-point rate cut was welcomed across the construction industry as a likely harbinger of further cuts to encourage more projects. It will take time for the easier interest-rate environment to manifest in lower loan rates, but developers are expected to respond heading into the new year, industry professionals agree.

Workplace retention and employee satisfaction go hand in hand, with 77 percent of workers more likely to stay with an employer if they were satisfied with the company’s organizational culture.

Baker Construction, Gilbane Building Co., McKissack & McKissack, Mortenson, Power Design, Suffolk, and Shawmut Design and Construction are the initial signatories of the Commerce Department’s new Million Women in Construction Community Pledge.

At current rates of participation and completion, federal and state government-registered apprenticeship programs will fail to meet the construction industry’s short- and long-term skilled workforce needs, according to an Associated Builders and Contractors analysis of recently released U.S. Department of Labor data.

Being resilient means various things to different people, but at its core, it’s about being able to withstand or recover from adversity. And one thing is certain; the built environment experienced its share of challenging conditions in the past three years, making resiliency more important than ever.

A variety of factors since 2020 have contributed to surprising growth in construction, with markets surprisingly strong last year, writes Chris Sleight, managing director of Off-Highway Research.

Construction contractors have a decidedly mixed outlook for 2024, as firms predict transitions in demand for projects, the types of challenges they will face and the technologies, including artificial intelligence, they will embrace, according to survey results the Associated General Contractors of America and Sage released Jan. 4.

Few candidates have the basic skills needed to work in high-paying construction careers, forcing short-staffed contractors to find new ways to keep pace with demand and undermining efforts to build infrastructure and other projects, according to the results of a workforce survey conducted by the Associated General Contractors of America and Autodesk.

Kebony, a global leader in the production of sustainable wood, on June 9 reaffirmed its status as a pioneer in the movement for a greener construction industry with the launch of a new Sustainability Report.

The Marcum Commercial Construction Index for the first quarter of 2023 reports that the construction industry retains momentum despite still-elevated inflation and ongoing labor shortages.