Goldman Sachs Report Indicates Federal Reserve Likely to Delay Rate Cuts Until 2027 Amid Strong Economic Activity
Goldman Sachs • JUNE 9, 2026
A June report from Goldman Sachs indicates that the Federal Reserve is unlikely to lower interest rates until 2027, with projections for final rate cuts moved to June and December 2027. This forecast is attributed to stronger-than-expected economic activity and job growth, despite expected GDP growth remaining below potential. The report also notes that inflation is expected to stay above the Fed's 2% target, contributing to a delay in rate cuts.
Construction Firms Add 17,000 Jobs in May, Pay for Craft Workers Rises 5%
AGC Construction Data • JUNE 5, 2026
A report from the Associated General Contractors of America reveals that construction firms added 17,000 jobs in May, with pay for craft workers increasing by 5%. The growth is driven by demand for new data centers and nonresidential projects. The analysis indicates a significant need for skilled workers in sectors such as power and manufacturing.
Dodge Momentum Index Increases 5.9% in May, Driven by Growth in Commercial and Institutional Planning
Dodge Construction Network • JUNE 5, 2026
The June report from Dodge Construction Network reveals that the Dodge Momentum Index (DMI) increased by 5.9% in May, reaching 275.7, up from a revised April reading of 260.4. Growth in commercial planning accounted for a 6.9% rise, while institutional planning increased by 3.1%. Despite the positive trends, challenges such as labor constraints and high material costs continue to impact the construction landscape.
Nonresidential Construction Gains 15,700 Jobs in May 2026, Reports ABC
ABC • JUNE 5, 2026
According to a report from the Associated Builders and Contractors, the construction industry added a net total of 17,000 jobs in May 2026, with nonresidential construction alone contributing 15,700 jobs. Notably, nonresidential specialty trades accounted for 11,400 of these positions. The construction unemployment rate remained at 4.1%, aligning closely with the overall unemployment rate of 4.3%.
Federal Reserve report notes slight to moderate economic growth across most districts, with mixed consumer spending and rising loan delinquencies.
Federal Reserve • JUNE 3, 2026
The Federal Reserve's June 3, 2026 report indicates slight to moderate economic growth in ten districts, while one district declined and another showed no change. Consumer spending was mixed, with higher-income households less affected by price increases, while loan delinquencies rose, particularly for mortgages and consumer loans. Labor market conditions remained stable, though wage growth was modest and employment hiring focused on critical roles amid economic uncertainty.
Construction Employment Rises in 53% of U.S. Metro Areas Amid Industry Concerns, Says AGC Report
AGC Construction Data • JUNE 3, 2026
A June report from AGC Construction Data reveals that construction employment increased in 192 out of 360 U.S. metro areas, representing 53 percent of those regions, from April 2025 to April 2026. Despite this growth, concerns remain regarding resistance to data center construction and the potential failure of Congress to pass a vital highway and transit bill, which could adversely affect employment levels in the sector.
Agency Delinquency Rates in April 2026 Show Minor National Decline Amid Volatility in Smaller MSAs
trepp • JUNE 3, 2026
A June report from Trepp indicates that the national securitized Agency delinquency rate slightly declined to 0.49% in April 2026, despite more new delinquent balances than cures. Smaller metropolitan statistical areas (MSAs) showed increased volatility, while larger MSAs remained more stable, with varying rates across significant markets. The report emphasizes the influence of specific loan-level events on delinquency trends.
Pittsburgh Public Schools Board Votes to Close Nine Buildings by 2027 and Accepts $8 Million in Preschool Grant Funding.
Informup - Pittsburgh School Board • JUNE 3, 2026
The Pittsburgh Public Schools (PPS) Board voted on May 27 to close nine school buildings by June 2027, with some remaining open until 2029. The closures include multiple schools and will be accompanied by the establishment of a new school and an early childhood center. Additionally, the board: accepted over $8 million in Early Intervention grant funding to support preschool services in the 2026-27 school year.
Nonresidential Construction Spending Increases by 0.1% in April, Driven by Public Sector Growth, According to ABC Report.
ABC • JUNE 1, 2026
A June report from the Associated Builders and Contractors (ABC) indicates that national nonresidential construction spending rose by 0.1% in April, reaching a seasonally adjusted annualized rate of $1.250 trillion. The growth was primarily driven by a 0.4% increase in public sector spending, while private nonresidential spending fell by 0.2%. The report notes continued strength in data center projects, although challenges remain due to rising material prices and decreased private sector activity.
Trepp Report Highlights Economic Indicators: Inflation, Jobs Data, Beige Book, and Consumer Credit as Federal Reserve Faces Challenges.
trepp • JUNE 1, 2026
The June 1, 2026 Trepp report outlines critical economic indicators, including inflation, jobs data, the Beige Book, and consumer credit. It highlights challenges faced by the Federal Reserve, particularly in relation to rising core Personal Consumption Expenditure inflation and a soft labor market. The report also discusses job growth trends and consumer borrowing patterns, emphasizing their implications for commercial real estate and economic bifurcation.
