Inflation, rising interest rates and a skilled labor shortage continue as negative economic factors heading into the second quarter, said Anirban Basu, chief economist at the Associated Builders and Contractors.
Chicago has selected the first three developers to convert three office buildings to residential and mixed-use spaces in the underutilized LaSalle Street Corridor.
The $925-million project, which will widen I-10 through Baton Rouge from three to four lanes each way, has risen in cost more than $200 million in two years, officials say.
With concrete foundation work underway and steelwork set to rise in May for the $124-million Tidewater Landing soccer stadium, construction is progressing despite a hold in public funding amid inflationary pressure.
Authorities are probing a trench collapse that killed two construction workers, who were identified by The Port Authority of New York and New Jersey as Francisco Reyes, 41, and Fernando Lagunas Pereira, 28.