News platform Construction Dive featured ConstructConnect Sr. Economist Michael Guckes and the Project Stress Index on March 7, 2024. The article, Rise in project abandonments signals continued industry turmoil, discusses the level of the Project Stress Index and the possible challenges it could pose for the construction industry.
The Project Stress Index (PSI) by ConstructConnect monitors the level of U.S. construction projects, excluding single-family residential, that have experienced a bid date delay, have been placed on hold, or have been abandoned over the last 30 days. Each component has been indexed against the average of their weekly values recorded during 2021. The independent tracking of each status type gives unique insights into the timing, direction, and amplitude of market changes.
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About ConstructConnect
Construction Starts Here™ at ConstructConnect, where our mission is to help the construction industry start every project on a solid foundation. A leading provider of software solutions for the preconstruction industry, ConstructConnect empowers commercial construction firms to streamline their workflows and maximize productivity. ConstructConnect operates as a business unit of Roper Technologies (Nasdaq: ROP), a constituent of the Nasdaq 100, S&P 500, and Fortune 1000.
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