U.S. inflation showed little change in July, while household incomes continued to rise, giving the Federal Reserve another reason to take a cautious approach to interest rates as it prepares for its September policy meeting. The personal consumption expenditures (PCE) price index increased 0.2% in July from the previous month,
Published Aug. 27, 2026 Drones have become a practical tool on construction sites across the United States, but a new industry survey shows that contractors are relying overwhelmingly on Chinese-made equipment. According to a May 2026 survey by Associated Builders and Contractors (ABC), 36.1% of contractor members surveyed said their
Construction and engineering firms are entering the 2026 hurricane season amid changes to federal disaster preparedness programs, climate data resources and flood-risk guidance. Cuts and policy changes affecting the Federal Emergency Management Agency (FEMA) and National Oceanic and Atmospheric Administration (NOAA) have created additional uncertainty for firms that depend on
A joint venture between AECOM Hunt, Turner Construction and Horus Construction Services has been selected as the preferred construction team for the Tampa Bay Rays’ proposed $2.3 billion Major League Baseball stadium in Tampa, Florida. The selection represents a major step forward for the long-planned ballpark project, but the deal
Published August 18, 2026 The U.S. Department of Transportation has announced a $5.3 billion investment in passenger rail infrastructure across 23 states, funding projects ranging from grade crossing closures to track improvements and new rail equipment. The Federal Railroad Administration (FRA) will distribute the funding through a package authorized under
Water infrastructure is becoming a larger priority across the U.S. as drought, aging systems, extreme weather and rapid industrial development increase demand for new treatment facilities and infrastructure upgrades. Jaren Murphy, president of water at McCarthy Building Cos., says the market has changed significantly over the past five years and
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