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Fuel-Up on Economic Insights in About Three Minutes
Every month, Michael Guckes, Chief Economist at ConstructConnect, brings you a short video to help you navigate the evolving economic landscape of the construction industry.
Three economic issues to know:
- Federal Reserve rate changes positively impacting the Project Stress Index
- Rising construction wages, declining material costs
- Megaprojects make up 20% of nonresidential builds
Watch the November 2024 Construction Economy Brief
For more construction economy news and insights, subscribe to our economic reports.
About ConstructConnect
At ConstructConnect, our software solutions provide the information that construction professionals need to start every project on a solid foundation. For more than 100 years, our keen insights and market intelligence have empowered commercial firms, building product manufacturers, trade contractors, and architects to make data-driven decisions, streamline preconstruction workflows, and maximize their productivity. Our newest offerings—including our comprehensive, AI-assisted software—help our clients find, bid on, and win more projects.
ConstructConnect operates as a business unit of Roper Technologies (Nasdaq: ROP), a constituent of the Nasdaq 100, S&P 500, and Fortune 1000.
For more information, visit constructconnect.com.
About Marshall Benveniste
Marshall Benveniste is a writer and Senior Content Marketing Manager at ConstructConnect with the Economics Group. Marshall has written on various topics for the construction industry, including strategies for building product manufacturers, artificial intelligence in construction, and data-driven decision-making. Before joining ConstructConnect in 2021, Marshall spent 15 years in marketing communications for financial services and specialty construction firms. He holds a PhD in organizational management.
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