Articles by Alisa Zevin

December 2024's number of open construction positions was down 50% from the same time in 2023.

The number of new workers needed to meet construction demand will rise even further in 2026, says ABC, as interest rates are expected to fall.

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.