October 2024 economic roundup | Dump Trucks Charlotte NC
Key economic indicators in the construction industry reflected mixed momentum in September, influenced by interest rate cuts and election uncertainty.
Nonresidential planning activity, a gauge of future work, cooled slightly after months of growth, reflecting cautious optimism in the sector. Input prices dipped on lower energy costs, alleviating some pressure on builders. Meanwhile, contractor backlog rebounded, spurred by a recent rate cut that improved financing conditions and boosted builder confidence across most U.S. regions.
Despite these positive signs, construction starts fell in September as some developers paused projects amid potential policy shifts.
Still, as economists anticipate another rate cut this week, columbus oh dump truck company suggest steadier construction growth may emerge in early 2025, particularly as spending on public projects continues to drive overall construction activity. Read on for details.
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Planning activity softens after months of growth
By Sebastian Obando • Oct. 8, 2024
Slowdowns in office, warehouse and retail projects drove much of September’s decline, but overall activity is still up for the year. Read the full article ➔
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Construction input prices tick down on lower energy costs
By Sebastian Obando • Oct. 14, 2024
The decline reflects overall stabilization over the past 12 months, as material expenses remain 1.9% lower than a year ago. Read the full article ➔
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Construction backlog rebounds in wake of rate cut
By Joe Bousquin • Oct. 17, 2024
After briefly falling at the end of the summer, the amount of columbus oh dump truck company on builders’ books rose again following the Fed’s loosening last month. Read the full article ➔
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The 9 largest commercial construction starts of September 2024
By Sebastian Obando • Oct. 22, 2024
Total groundbreakings dipped 6% to kick off the fall, according to Dodge Construction Network. Read the full article ➔
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Construction job openings fall post-Helene
By Zachary Phillips • Oct. 30, 2024
Economists say the hurricane temporarily suppressed the number of open construction positions across the Southeast at the end of September. Read the full article ➔
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Infrastructure boosts nonresidential spending again as private sector slows
By Sebastian Obando • Nov. 4, 2024
Federal funding is buoying overall construction activity, but projects outside the public realm could soon rebound, economists said. Read the full article ➔
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