Tag: economic
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Office demand remains resilient in Q1, despite economic uncertainty
Despite economic uncertainty, office demand remained resilient in the first quarter, showing negative absorption in the period but increasing 30% quarter-over-quarter and 48% year over year on a four-quarter rolling total, according to Cushman & Wakefield’s Q1 2025 office marketbeat report released Monday. Net absorption was positive in the first quarter for a third of…
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Preparing your firm for economic uncertainty
Economically, the last decade has seen many challenges for companies in the construction and renovation sectors. Recessions, pandemics, ever-increasing living costs, and recently imposed tariffs on goods and services going in and out of the United States have filled the headlines and given many directors cause for concern. So, how can you prepare your company…
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March 2025 economic roundup | Construction Dive
Nonresidential construction activity continues to churn forward in 2025, but signs of strain are surfacing. Planning activity ticked up again in February, boosted by data center projects, yet overall momentum slowed as institutional sectors, such as healthcare and education, pulled back. Input prices climbed for a second straight month, with nonresidential construction costs rising at…
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Hiring slows amid economic uncertainty
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Construction counted 264,000 unfilled job openings on the last day of February, a 9% increase from January but a 38.5% decrease from the same month in 2024, according to data released by the Bureau of…
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February 2025 economic roundup | Construction Dive
Nonresidential construction planning built on its late-2024 momentum with growth in all sectors to kick off 2025. But contractors still face a number of headwinds that could derail momentum. Energy price spikes and a rush to buy materials ahead of tariff deadlines caused a 1.4% jump in input costs in January, the largest monthly increase…
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January 2025 economic roundup | Construction Dive
Surging data center activity helped jumpstart nonresidential construction planning last month, but contractors still face a number of hurdles in the year ahead. While planning picked up due to the momentum around data centers, overall backlog dropped to its lowest level in nearly two years. The decline underscores the ongoing challenges tied to elevated interest…
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December 2024 economic roundup | Construction Dive
Contractors ended 2024 on a cautiously optimistic note, as the latest construction data revealed resilience alongside lingering challenges. Backlog held steady at 8.4 months as contractors expressed some optimism about private construction prospects. The possibility of lower borrowing costs and clearer policy direction following the presidential election buoyed confidence. Groundbreakings also gained momentum to close…
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As IMF Upgrades UK Economic Outlook, What Does the Future Hold for Construction?
The recent announcement by the International Monetary Fund (IMF) that it had underestimated the United Kingdom’s economic forecast has led to renewed confidence in key sectors that were otherwise predicted to lag in recovery. The increased of growth projection of 2.4% from 1.9% for the UK by the IMF is partly the result of easier…