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By: Michael Guckes, Chief Economist on October 4, 2024
The Construction Economy Brief - October 2024
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 we’re following now:
- The impact of the Federal Reserve’s interest rate cut on construction.
- The construction labor market versus the total labor market.
- The level of single- and multi-family home construction.
Watch the October 2024 Construction Economy Brief
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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 Michael Guckes, Chief Economist
Michael Guckes is regularly featured as an economics thought leader in national media, including USA Today, Construction Dive, and Marketplace from APM. He started in construction economics as a leading economist for the Ohio Department of Transportation. He then transitioned to manufacturing economics, where he served five years as the chief economist for Gardner Business Media. He covered all forms of manufacturing, from traditional metalworking to advanced composites fabrication. In 2022, Michael joined ConstructConnect's economics team, shifting his focus to the commercial construction market. He received his bachelor’s degree in economics and political science from Kenyon College and his MBA from the Ohio State University.
