Real estate

Every key indicator of confidence fell among builders for the first time in 2 years

A construction worker stands at the end of a ladder in front of a New York skyscraper.
The Hudson Yards development on the West Side of Midtown Manhattan. Photo: Drew Angerer/Getty Images

Why it matters: Construction is a barometer of the economy, and "when it starts to falter, it's a sign that there's cooling ahead," according to a joint survey by the U.S. Chamber of Commerce and construction firm USG, first provided to Axios.

Expert Voices

Real estate is emerging as an AV battleground

Illustration of for sale sign with license plate that reads "4sale"
Illustration: Sarah Grillo/Axios

As leading autonomous vehicle companies seek to bring “robotaxis” to market, their competition could extend from AI-powered software into a new arena: real estate.

The big picture: Today's ride-hailing companies are software-only platforms. But as AV technology goes commercial, companies that plan to own and operate fleets of robotaxis — including Waymo and GM Cruise — will need considerable real estate footprints to store, clean, refuel and repair thousands of vehicles.

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