Construction &
Real Estate News
50th Anniversary
During the Decade of 2000-2009, Shannon Construction Was Impacted
by Changes in the World

Economic | Climate | Scandals | Terrorism

In this decade, significant events happened both for the U.S. construction industry and for Shannon Construction.

The economic trends from 2000 to 2009 were very tumultuous and tested the construction industry. As the business model was in its infancy, there was a lot of speculation, and the stock market had many ups and downs. Due to the Enron scandal, the Sarbanes-Oxley Act emerged to expand penalties for accounting fraud and instructed accounting firms to remain independent. Read More>>>
September is National Preparedness Month

September is National Preparedness Month, during which we raise awareness about the importance of preparing for disasters and emergencies. Preparing for disasters is preparing to protect everyone you love. Learn more about disaster preparedness at

Driven by the belief that treating people fairly is one of the best methods in any business, Shannon Construction is a Pittsburgh commercial builder with a long history that has been passed down through two generations. General contracting, construction management, design/build, self-perform construction, building construction maintenance, and green building practices are some of their services. Shannon Construction has been built...Read More>>>
7 Building Trends As the Industry Heads Into 2022
While U.S. energy producers consider how they can prevent another weather-related meltdown, the construction industry continues to deal with some of the fallout from 18-plus months of pandemic-induced challenges.

According to a report by Big Rentz, 2021 remains a year of higher construction costs, labor shortages, and stricter regulations. Keeping on top of industry trends...Read More>>>
Residential construction will fall, but private non-residential construction is set to rebound as economic reopening drives the need for remodeling and rebuilding. Government infrastructure investment will add an extra layer of spending that can mitigate the headwinds from housing and leave overall spending down 0.5% in 2022 after 2021's 7% gain...Read More>>>
Nonresidential construction in the United States is expected to healthily increase in 2022, but only after a continued decline throughout 2021, according to the AIA. In their mid-year Consensus Construction Forecast for July 2021, the organization projects that nonresidential construction spending will decline an additional 3.9% this year, following on from a 2% decline in 2020. However, 2022 will see a return to growth with a projected 4.6% increase. Read More>>>
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