Tag: hits
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Tariff Pressures Mount as Construction Backlog Hits 8.5 Months
The latest data from Associated Builders and Contractors (ABC) shows a slight uptick in construction backlog across nonresidential sectors, but growing concerns over newly announced tariffs are beginning to influence contractor confidence. According to ABC’s Construction Backlog Indicator, the average backlog among surveyed contractors increased to 8.5 months in March, up 0.3 months from the…
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Tariff fallout hits contractor confidence
Dive Brief: Backlog improved but contractor confidence still dropped in March as tariff-related impacts dampened some bullishness, according to an Associated Builders and Contractors survey conducted from March 20 to April 6. Around 80% of contractors said suppliers notified them of tariff-related materials price increases, while 20% had projects paused or interrupted because of tariffs…
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The AI infrastructure race hits a political reality check
Joe Brettell is a partner at Prosody Group and Jeff Berkowitz is the founder and CEO of Delve DC, an AI-driven opposition research and market intelligence firm. Opinions are the authors’ own. As the race to deploy AI infrastructure intensifies, technology firms and power providers find themselves navigating an increasingly complex political and regulatory landscape. For…
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‘Unwelcome surge’ of project abandonments hits construction
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Project stress picked back up in March as rising uncertainty led more developers to abandon projects, according to the latest data from Cincinnati-based ConstructConnect. The Project Stress Index, a measure of construction projects that have been paused,…
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Shawmut hits $1B in New England revenue
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Shawmut Design and Construction, a Boston-based contractor, surpassed $1 billion in revenue in New England in 2024, largely due to its work in education-related construction, according to a news release. Its overall revenue in 2023…
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$2B George Washington Bridge project hits 7-year milestone
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Suspended high above the Hudson River, crews unfastened and replaced the final steel rope of the George Washington Bridge earlier this month. The suspender rope replacement stands as a major undertaking within the Port Authority of New…
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Chapel with planning permission for residential conversion hits the market
A former Wesleyan Methodist Chapel in Stoford is on the market for £170,000, offering a conversion opportunity to turn this historic building into a one-bedroom home. With full planning permission already secured, this property provides an opportunity for a self-build project while retaining its original architectural features. Unoccupied since 1984, the chapel has been used…
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Equestrian plot with development potential hits the market in Vogue St. Day
An opportunity has emerged in Cornwall’s historic mining village of St. Day, where an equestrian property with significant development potential is now up for sale. Priced at offers in excess of £350,000, the estate includes 9.6 acres of land, multiple stables, a sand school, and three building plots with provisional planning permission. Ideal for horse…
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ARA 2025 Hits the Jackpot in Las Vegas
Attendees of The ARA Show 2025 had a lot on their hands. Starting ahead of the tradeshow opening various talks on what the Future of Equipment Rental may entail started with April Rinne discussing “Leading and Thriving in Uncertainty.” Educational tracks followed the day after, including lessons learned, rental business strategies, and insights into leadership. …