Tag: uncertainty
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Uncertainty takes center stage in contractors’ market outlooks
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: General contractors’ 2025 midyear construction outlooks highlight slower growth ahead due to policy uncertainty from tariffs and lingering cost pressures, according to market reports from Skanska, DPR and Gilbane. Common headwinds cited in the reports…
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Trump grantmaking order heightens uncertainty for city funding
Dive Brief: The Trump administration issued an executive order this month intended to streamline and strengthen oversight and coordination of the federal discretionary grantmaking process. The order directs federal agencies to review grant awards to ensure they meet the administration’s “priorities and the national interest” and assess their progress each year. It will also simplify…
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Jacobs cashes in on data center, AI boom despite tariff uncertainty
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Though some builders are experiencing a slowdown, Jacobs is taking advantage of high-growth construction sectors, according to its fiscal third quarter earnings call on Tuesday. The Dallas-based contractor cited strong demand across advanced facilities and consulting services,…
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MEWP rental market slows amid economic uncertainty, IPAF data shows
IPAF’s MEWP rental market reports offer “essential insights for anyone operating in the powered access market” (image: Valmedia Creatives | Dreamstime.com) In 2024, the MEWP rental markets in both Europe and the US continued to grow in revenue, fuelled by sustained demand, increased rental rates, and inflationary factors. However, the pace of growth has begun…
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ICE raids on building sites stoke fear, uncertainty
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. President Donald Trump’s push to remove undocumented workers from industries across the country played out on several construction sites last week. Immigration and Customs Enforcement officers arrested over 100 undocumented workers during a jobsite raid in Tallahassee,…
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Construction Job Openings Fall as Industry Faces Uncertainty, But Unemployment Stays Low in Most States
The U.S. construction industry saw a drop in job openings in March 2025, according to new data released by the Bureau of Labor Statistics and analyzed by Associated Builders and Contractors (ABC). At the same time, construction unemployment remained relatively low across most of the country, with only four states reporting rates above 10%. Job…
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Jacobs remains ‘well positioned’ amid economic uncertainty
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Jacobs’ CEO Bob Pragada said he remains optimistic in the face of tariffs, political change and economic global uncertainty during the contractor’s recent second-quarter earnings call. “Overall, our business remains well positioned, with infrastructure and consulting services…
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Policy uncertainty could trigger ‘recession’ for renewables, analyst says
Dive Brief: Global solar companies’ total corporate funding, including venture capital, public market and debt financing, declined 41% year over year during the first quarter of 2025, while energy storage companies’ funding fell 81%, according to Mercom Capital Group, a consulting firm. Uncertainty — primarily around the fate of the Inflation Reduction Act and renewable energy…
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Developers delay billions in projects amid mounting uncertainty
Listen to the article 8 min This audio is auto-generated. Please let us know if you have feedback. A foreign construction equipment maker is betting big on President Donald Trump’s trade policies even as developers cancel billions in clean energy and tech manufacturing projects. JCB, the U.K.-based construction equipment company, plans to double the size…
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Office demand remains resilient in Q1, despite economic uncertainty
Despite economic uncertainty, office demand remained resilient in the first quarter, showing negative absorption in the period but increasing 30% quarter-over-quarter and 48% year over year on a four-quarter rolling total, according to Cushman & Wakefield’s Q1 2025 office marketbeat report released Monday. Net absorption was positive in the first quarter for a third of…