“Contractors say that they're still busy, but their order books have gotten a lot softer or a lot more uncertain,” said Ken Simonson, chief economist for The Associated General Contractors of America.
The budget proposal has big implications for steel and manufacturing.
Construction spending edged down slightly in January, slipping for the first time in four months. The US Census Bureau estimated spending at a seasonally adjusted annual rate of $2,196 billion in January, down 0.2% from December’s downward revised rate. The January figure is 3.3% higher than a year ago. January’s result, despite the slight erosion, […]
All steel, iron, and manufactured products used in federally funded highway projects must soon be made in America. The Department of Transportation announced all waivers to the Buy America requirements for federal infrastructure projects will soon be terminated. Effective March 17, the DOT’s Federal Highway Administration will implement a final rule that will end its […]
AGC said Trump should be “sparing” in imposing new tariffs and exclude products needed for domestic manufacturing, energy and infrastructure.
The announcement comes a little more than a year after Borusan acquired Panama City, Fla.-based Berg Pipe for $162 million.
The November ABI decreased month over month but was still the third-highest reading of the past two years.
The American Iron and Steel Institute (AISI) lauded the recent passage of a water resources bill in Congress.
During the first 10 months of this year, construction spending rose about 7.2% over last year.
So far, nearly $570 billion in funding has been announced for over 66,000 projects and awards.
Slowing growth in data center planning and nonresidential projects caused the Dodge Momentum Index (DMI) to pull back in October.
Construction spending in the US picked up in September and maintained a notable year-over-year (y/y) rise.
Commercial planning momentum continues to drive the Dodge Momentum Index (DMI) higher, pushing August up to a 21-month high.
The latest figures show a 17% surge over year-ago levels and the best mark since December 2022.
Construction spending in the US in June was slightly lower, declining for the second straight month. Despite the decline it increased notably year on year (y/y).
A record 60.6 million people are expected to travel by car for the Fourth of July holiday, according to the American Automobile Association (AAA). And a recent survey by The Vacationer said 75% of Americans intend to take at least one road trip this summer. In short, Americans are hitting the road this season and probably crossing a short-span steel bridge on their travels.