Alisa Zevin

Index slips below 50 last month, after previous growth; architecture project inquiries are up, but the design contracts measure fell.

While the Federal Reserve finally began to cut interest rates in the second half of the year, overall construction growth was modest in 2024, according to Dodge Construction Network.

As interest rates finally begin to ease, economists are fairly optimistic about how the overall construction market will fare in the coming year.

Residential, commercial starts see overall growth going into the new year. 

High labor costs will persist while other costs begin to decline.

Revised jobs report cuts the previous number by 0.5%, or 818,000 jobs, but one expert says it won't have much effect on unemployment rate data or future policymaking. 

Commercial spending continues will continue to lag, according to the AIA mid-year forecast.

A mild recession may be on the horizon despite expected interest rate cuts later this year.

Public work continues to spur growth in the construction industry in the second quarter as contractors wait for interest rates to decline in the second half of the year.

Steel, concrete interests claim proposed legislation disrupts the competitive process and could strain industry supply chain.