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.

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 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.

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.

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.

trepp • MAY 5, 2026

In this week's analysis from Trepp, the future of commercial real estate (CRE) is under the spotlight as we examine critical economic signals. With the April jobs report on the horizon and insights from the Senior Loan Officer Opinion Survey, all eyes are on labor market trends and lending conditions that will shape demand in the multifamily sector. As multifamily REIT earnings reveal intriguing data on rent growth and concessions—especially in the Sun Belt—the upcoming weeks could redefine the landscape for CRE as we move further into 2026.

Clark Hill • MAY 4, 2026

In a significant ruling, the Pennsylvania Supreme Court has upheld the 12-year construction statute of repose, reaffirming that even public entities like Clearfield County cannot evade liability claims tied to construction defects. This landmark decision emphasizes the finality of liability periods for construction professionals, fostering a clearer legal landscape for future cases. The judgment not only highlights the limits of the doctrine of nullus tempus but also strengthens the protection of builders against outdated claims.

Goldman Sachs • MAY 1, 2026

Goldman Sachs' latest report, "Tracking Trillions," reveals a staggering projected investment of $4 to $8 trillion in AI infrastructure over the next five years, driven by critical assumptions about technological development and market dynamics. Highlighting factors like the economic lifespan of AI chips and rising construction costs for data centers, this comprehensive analysis underscores the fluid nature of capital needs that investors must navigate. With nearly $7.6 trillion anticipated by 2031, understanding these key drivers is crucial for anyone looking to capitalize on the AI boom.

trepp • APRIL 29, 2026

In a historic move, the Federal Reserve's April meeting saw an 8-4 vote to maintain interest rates at 3.50% to 3.75%, marking the largest dissent since 1992 amid ongoing inflation concerns. As Kevin Warsh prepares to succeed Jerome Powell as Fed Chair, his approach to inflation measurement could signal a new chapter in monetary policy. Market watchers are keen to see how Warsh’s communications will shape expectations and influence the financial landscape in the coming months.

Goldman Sachs • APRIL 29, 2026

Goldman Sachs' latest report forecasts a 6% surge in US stocks by year-end 2026, propelled by strong corporate earnings and significant investments in artificial intelligence. Anticipated growth in earnings per share, combined with improving investor sentiment and a notable rally in the S&P 500, sets the stage for potential record highs. While the outlook remains optimistic, caution is advised as market participation shows signs of narrowing.