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Tag: hits

  • US hotel room construction hits 20-quarter low

    US hotel room construction hits 20-quarter low

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    Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: The volume of U.S. hotel rooms under construction decreased year over year for a sixth consecutive month in June, according to new CoStar data.  As of last month, there were 138,922 U.S. hotel rooms under…

  • Advance Concrete Hits 100 Google Reviews with 5-Star Rating

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    Advance Concrete Lifting and Leveling, a subsidiary of Milo Enterprises, Inc., proudly announces reaching a significant customer satisfaction milestone with 100 Google reviews while maintaining a perfect 5-star average rating. This achievement underscores the company’s unwavering commitment to excellence in concrete repair services throughout the greater Atlanta area and Georgia. The milestone reflects Advance Concrete Lifting…

  • Backlog hits nearly 2-year high despite tariff worries

    Backlog hits nearly 2-year high despite tariff worries

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    Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Despite the threat of tariffs, construction backlog rose to its highest level since September 2023 and contractors’ confidence in their future profit margins grew, according to an Associated Builders and Contractors survey April 22 to…

  • Tariff Pressures Mount as Construction Backlog Hits 8.5 Months

    Tariff Pressures Mount as Construction Backlog Hits 8.5 Months

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    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…

  • Tariff fallout hits contractor confidence

    Tariff fallout hits contractor confidence

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    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…

  • The AI infrastructure race hits a political reality check

    The AI infrastructure race hits a political reality check

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    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…

  • ‘Unwelcome surge’ of project abandonments hits construction

    ‘Unwelcome surge’ of project abandonments hits construction

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    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,…

  • Shawmut Hits $1B Revenue, Expands Leadership Team in New England

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    Shawmut Design and Construction, a $2 billion national construction management firm, has reached a major milestone in New England, surpassing $1 billion in revenue in 2024—driven by larger, more complex projects and strong partnerships with long-standing and new clients. In response to this growth, Shawmut has strategically expanded its regional leadership team to ensure continued…

  • Shawmut hits $1B in New England revenue

    Shawmut hits $1B in New England revenue

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    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…

  • $2B George Washington Bridge project hits 7-year milestone

    $2B George Washington Bridge project hits 7-year milestone

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    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…