Construction Futures: January 2025 Economic Roundup
While construction backlog, spending and overall momentum slowed in the first month of the year, contractor confidence is unyielding.
Construction Backlog Indicator Slips in December, Contractor Confidence Remains Elevated
Year over year, ABC's Construction Backlog Indicator is down 0.3 months December 2023 to December 2024.
Construction Underperforms Broader Economy in December Jobs Report
As the construction labor force stalled at year's end in 2024, the workforce only logged 8,000 jobs added in December.
Nonresidential Construction Spending Dips 0.1% in November, Flat Year Over Year
While construction spending was down in November, its impact was negligible, and contractors remain optimistic with deregulation and tax cuts on the horizon.
Monthly Construction Input Prices Unchanged in November
Construction input prices hold steady at year's end, spurring confidence for 2025 among contractors.
Recession No More: 2025 Construction Economic Forecast Yields Positive Outlook
No recession in 2025? Anirban Basu seems optimistic about the state of the construction economy at year's end.
Setting the Stage for Growth
Will 2025 be the year that construction can turn the page and transition into a more sustainable path for growth?
Storms Suppress Nonresidential Construction Spending in October
Devastation from Hurricanes Helene and Milton still lingers, affecting nonresidential construction spending.
