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The Construction Economy Yearbook

2024-2025

Insights Today to Build a Stronger Tomorrow

Welcome to the inaugural issue of The Construction Economy Yearbook from ConstructConnect.

Nonresidential construction continues to face challenging policy and economic pressures. Whether you’re a contractor, manufacturer, developer, distributor, or investor, the information here can help you strategically plan for the year ahead and start every project on a solid foundation.

Look Back: 2024 Year-in-Review

By Sebastien Tillett, Economist, Oxford Economics

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Bridge the past with potential

While the US economy experienced a strong year of growth—with a rising GDP, low unemployment, and continued consumer spending—inflation and borrowing costs still cast a shadow. Construction starts also dipped, but there’s more to the story. Join us for a recap of how labor issues, costs, and other factors in 2024 set expectations for the construction industry in 2025.

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Look Ahead: 2025 Forecast 

By Michael Guckes, Chief Economist, ConstructConnect

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Unpack challenges and uncover opportunities

Swift and dramatic changes to US immigration and trade policies, stubborn inflation, and ongoing challenges in the construction labor market—these are only a few of the factors that make the path ahead for construction unclear in 2025. Chief Economist Michael Guckes unpacks these challenges and uncovers the opportunities that can propel your business through uncertain times.

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The Construction Economy Yearbook 2024-2025
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