Construction Input Prices Rose 2.6% in May, Up 9.6% Year Over Year, According to ABC Report
ABC • JUNE 11, 2026
A report from Associated Builders and Contractors (ABC) released on June 11 reveals that construction input prices increased by 2.6% in May, with nonresidential construction input prices rising 2.4%. Year-over-year, overall construction materials prices are up 9.6%, while nonresidential input prices have risen 9.7%. The report highlights significant increases in crude petroleum and unprocessed energy materials, alongside a decline in natural gas prices.
Allegheny County Council Meeting Agenda for June 9, 2026, Includes Proclamations, Appointments, and Legislative Items.
Allegheny County Council • JUNE 9, 2026
The Allegheny County Council held a regular meeting on June 9, 2026, as detailed in the agenda. Proclamations were made, recognizing various individuals and events, including June 2026 as Pride Month. The agenda also included appointments to committees, proposed ordinances for issuing bonds and budget amendments, and a public comment session.
Allegheny County Council Approves Minutes, Appointments, and Bond Ordinances in June 9 Meeting.
Allegheny County Council • JUNE 9, 2026
On June 9, 2026, the Allegheny County Council held a meeting where they approved the minutes from the previous meeting and several appointments, including Kendra Whitlock Ingram, Senator Devlin Robinson, and Jim Spencer to the Allegheny County Airport Authority. The council also passed ordinances for the issuance of up to $335 million in general obligation bonds, amended the Capital Budget for 2025, and authorized the purchase of the building housing the Medical Examiner's offices. Additional resolutions and proclamations were presented, along with updates on executive actions and public comments.
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.