Federal Reserve • MAY 20, 2026

A new Federal Reserve report reveals surprising insights into the relationship between population growth and labor market health. While slower population growth has led to concerns about employment volatility, the analysis shows that this trend does not necessarily herald a labor market crisis. In fact, periods of low population growth are linked to smaller spikes in unemployment during downturns, prompting a reevaluation of prevailing assumptions about economic stability.

trepp • MAY 18, 2026

Navigate the shifting economic landscape with Trepp's latest insights as they unpack critical indicators that could reshape market expectations. The upcoming FOMC minutes promise to shed light on the Federal Reserve's stance amidst leadership changes, while fresh housing data reveals the impact of high mortgage rates. Additionally, global PMIs will offer early indicators of manufacturing and service activity, highlighting trends that could influence commercial real estate.

ABC • MAY 18, 2026

A recent report from ABC reveals that the construction unemployment rate in March 2026 rose to 6.7%, yet most states are thriving with rates below 10%. Notably, Oklahoma and South Dakota lead the way with strikingly low unemployment figures, even as the industry grapples with challenges from rising costs and a skills shortage. As construction employment grows steadily for the twelfth consecutive month, the landscape reflects both resilience and the hurdles ahead.

URA Board Meetings • MAY 14, 2026

The URA Regular Board Meeting in May 2026 spotlighted vital discussions on housing affordability and community initiatives, with residents voicing concerns about gentrification and land access. Key developments included the announcement of a commercial facade grant program and the launch of a housing opportunity fund survey, inviting local input on affordable housing priorities. The board also reviewed plans for new affordable housing projects, aiming to make a significant impact in neighborhoods like Fairywood and Hazlewood.

ABC • MAY 13, 2026

In a striking May report, the Associated Builders and Contractors (ABC) reveals that construction material prices have surged 6.2% in just the first four months of 2026, largely driven by skyrocketing oil costs. April alone saw a 1.7% rise in overall construction inputs, with nonresidential prices climbing even higher. As energy costs continue to escalate, experts warn that these price pressures could significantly impact future construction activity.

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.

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 • 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.

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.

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.