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Construction executives report a boost in industry confidence on ENR’s latest Construction Industry Confidence Index survey. The index rose to a 55 rating this quarter, up from 47 in Q3.

While the Federal Reserve finally began to cut interest rates in the second half of the year, overall construction growth was modest in 2024, according to Dodge Construction Network.

The U.S. office vacancy rate hit a record high of 20.1% in the second quarter of 2024, according to ratings service Moody’s.

Two insurers push back against a growing number of negligence lawsuits.

Louisiana LNG production plant near Lake Charles, now being developed by Woodside Energy Group, is said to be a $27B complex if it is built to five-train capacity. 

Skanska will be responsible for the lift portion of a replacement for the Raritan River rail bridge, while work on the approaches is underway under a separate contract.

Kolluri was most recently CEO of the Gateway Development commission, where he led rail infrastructure projects that will serve NJ Transit's commuter rail.

ENR’s 20-city average cost indexes, wages and materials prices. Historical data and details for ENR’s 20 cities can be found at ENR.com/economics

ENR’s 20-city average cost indexes, wages and materials prices. Historical data and details for ENR’s 20 cities can be found at ENR.com/economics

NY State contracting expert shares four key lessons learned in renewable energy’s volatile year.