The construction industry is known for its complex and fluctuating costs. To effectively budget for a construction project, it’s essential to consider all the different labor costs. Here are some ...

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Numerous uncertainties are setting the remainder of 2026 to be another challenging year for the U.S. construction industry. The cost of materials, for example, remains under pressure given a supply ...

In the post-COVID world of construction, industry analysts and participants have focused considerable attention on material price escalation concerns and impacts caused by raw material shortages, ...

Construction activity is beginning to steady in many parts of the world, with costs not rising as fast as in recent years. Most countries expect escalations to be between 2% and 6% in 2026. This shows ...

It costs $534 to build a single square foot of commercial space in New York City, the most expensive place on the planet for new construction, according to Turner & Townsend. The cost of construction ...

The construction industry is poised for a $4.2 trillion expansion over the next 15 years. But there’s a catch: a growing skills gap, with job vacancies already up 41% year-over-year, and looming ...

Discover what labor costs encompass, their categories—direct and indirect—and why they matter in pricing strategies to maintain profitability.

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The state has invested significant money in projects such as the Albany NanoTech Complex. Construction industry groups have argued that a number of regulatory hurdles have fundamentally driven up the ...

Sharply lower costs in all categories but material—which was roughly flat—decreased the price of building land pipelines by nearly $3 million/mile. The decrease in total estimated $/mile land pipeline ...