Rising Material and Energy Costs Spike Construction Input Prices, Challenging Contractors Amid Cost Volatility
AGC Construction Data • MAY 13, 2026
In a recent report from AGC Construction Data, rising material and energy costs have pushed construction input prices up 1.7 percent in April alone, leading to significant challenges for contractors. With the initial costs of new nonresidential construction climbing as much as 6.6 percent compared to last year, experts warn that frequent price increases could result in project delays and necessary redesigns. Amid proposals to suspend the federal gas tax, industry leaders stress that immediate relief may not be on the horizon.
Construction Backlog Booms to 8.8 Months as Larger Contractors Thrive in Data Center Surge
ABC • MAY 12, 2026
In a promising May report, Associated Builders and Contractors reveals that the Construction Backlog Indicator has surged to 8.8 months, buoyed by a significant uptick among larger contractors, especially those in the booming data center sector. As larger firms see backlogs average 12.2 months, optimism prevails across the industry, with a notable improvement in the Construction Confidence Index, signaling bright prospects for sales and staffing in the coming months.
Allegheny County Council Highlights Proclamations and Key Ordinances in May 12 Meeting
Allegheny County Council • MAY 12, 2026
In its May 12 meeting, the Allegheny County Council celebrated community achievements with proclamations honoring the American Legion Avonworth Post 866 and the East Allegheny Robotics Team, among others. Council members also tackled key ordinances, including emergency medical funding and health regulations, while urging the Pennsylvania Senate to pass the Family Care Act. With unanimous support, the session underscored the Council's commitment to local interests and public health initiatives.
Economic Indicators Spotlight: Inflation, Industrial Activity, and CRE Lending Trends Unfold This Week
trepp • MAY 11, 2026
This week’s "Chief Economist's Weekly Watch" from Trepp dives into crucial economic metrics, spotlighting inflation data and trends in industrial activity that could reshape the commercial real estate landscape. With upcoming reports on the Consumer and Producer Price Indices, as well as insights from the Empire State Manufacturing Survey, this week promises to illuminate the evolving dynamics between lending practices and market conditions. Stay tuned as these indicators unveil the complexity of current economic conditions and their implications for future investment strategies.
Nonresidential Construction Gains 19,000 Jobs in April, Driving 2.0% Annual Growth
ABC • MAY 8, 2026
In April, nonresidential construction thrived with the addition of 19,000 jobs, showcasing a promising 2.0% annual growth despite broader sector challenges. Specialty trades led the surge, with a remarkable 12,600 new positions, fueled by a significant increase in data center investment. As the industry remains optimistic, the Construction Confidence Index hints at continued momentum in hiring.
Construction Jobs Up 9,000 in April as Nonresidential Gains Counter Residential Declines
AGC Construction Data • MAY 8, 2026
In April, the construction industry saw a boost of 9,000 jobs, largely fueled by nonresidential projects such as data centers, despite a dip in residential construction. Contractors are strategically hiring to navigate economic uncertainties, with average hourly pay climbing to an impressive $38.73 to attract top talent. This dynamic shift in employment highlights a robust demand for nonresidential work that could reshape the industry landscape.
Construction Spending Rises 0.6% in March, Fueled by Residential Gains Amidst Broader Sector Weakness
AGC Construction Data • MAY 7, 2026
In March, construction spending saw a modest 0.6 percent uptick, buoyed primarily by residential gains, according to AGC Construction Data. Despite ongoing struggles in manufacturing and public construction, Mcarina Wilkins from the Associated General Contractors of America highlights a concentrated growth in residential projects and investments in data centers and power initiatives. This report reveals a complex landscape where economic uncertainty shapes the future of construction.
Dodge Momentum Index Soars 6.2% in April, Driven by Commercial and Institutional Planning Gains
Dodge Construction Network • MAY 7, 2026
The Dodge Momentum Index surged 6.2% in April, signaling a robust revival in commercial and institutional planning after a slow start to the year. With significant increases in sectors like traditional office buildings, data centers, and education projects, experts suggest this uptick could foreshadow a wave of renewed construction activity. However, challenges such as labor shortages and supply chain issues continue to loom large on the horizon.
April Sees 109,000 Job Gains and 4.4% Pay Rise in ADP's Latest Employment Report
ADP • MAY 6, 2026
ADP's latest National Employment Report reveals an encouraging boost in the private sector, with 109,000 jobs added in April and a notable pay rise of 4.4%. The health care sector led the charge, contributing significantly to job growth, while trade and transportation showed signs of recovery. As the fastest job growth since January 2025 unfolds, this report highlights a dynamic shift in the hiring landscape.
Construction Hiring Stagnates Amid 224,000 Job Openings, Says ABC Report
ABC • MAY 5, 2026
A recent report from the Associated Builders and Contractors (ABC) reveals a perplexing picture for the construction industry, which is grappling with 224,000 job openings yet continues to face hiring stagnation. Although there’s a slight rebound in hiring activity, contractors are hesitant to make significant changes amid economic uncertainty, resulting in an unusual labor market dynamic marked by slow layoffs and low worker turnover. As optimism remains cautious, the industry appears to be in a holding pattern, waiting for clearer skies.