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Fewer Than Half of U.S. Metro Areas See Construction Job Growth Amid Hiring Challenges

AGC Construction Data • SEPTEMBER 2, 2026

A September report from AGC Construction Data indicates that construction employment grew in fewer than half of U.S. metro areas between July 2025 and July 2026, with only 173 out of 360 regions, or 48%, showing increases. The analysis highlights challenges faced by contractors in data center and advanced manufacturing sectors in hiring qualified workers amidst overall job losses.

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Pittsburgh City Council Minutes from September 1, 2026, Include Proclamations, Resolutions, and Committee Reports.

Pittsburgh City Council • SEPTEMBER 1, 2026

The Pittsburgh City Council minutes from September 1, 2026, detail the proceedings of the meeting held at 10:00 AM. Key actions included the unanimous adoption of a proclamation designating September as "Hunger Action Month" and a resolution honoring William Cary Allen. Various resolutions were introduced and referred to committees, addressing topics such as funding for EMS training, revisions to the City’s Sewage Facilities Plan, and support for the Department of Parks and Recreation.

Construction Spending Decreased 0.5% in July and 3.8% Year-over-Year Amid Soft Demand, Report Says

AGC Construction Data • SEPTEMBER 1, 2026

A September report from the Associated General Contractors of America indicates that construction spending fell by 0.5% from June to July and by 3.8% year-over-year. The report highlights that demand for new data centers, power projects, and highways is currently sustaining the industry but faces challenges such as worker shortages and potential funding issues.

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UPMC Announces Construction of Specialty Care Facility in Butler County, Set to Open in Early 2027

UPMC News • AUGUST 31, 2026

UPMC has announced the construction of a new specialty care facility at Clearview Mall in Butler County, Pennsylvania, with an expected opening in early 2027. The facility will expand access to advanced healthcare services, offering specialty physician services, diagnostic imaging, and surgical options. This development aims to meet growing healthcare demands while also supporting local job creation and economic growth.

Trepp Report Reveals $10.7 Billion in Office Loans Facing Hard Maturity by 2029 Amid Insufficient Cash Flows

trepp • AUGUST 28, 2026

A report from Trepp, published on August 28, 2026, reveals that $10.7 billion in performing office loans are approaching hard maturity by 2029, despite having debt service coverage ratios below 1.00x. This represents 88.1% of a total of $12.1 billion in similar loans. The report details loan maturities, identifying significant loans such as 280 Park Avenue and 555 California Street, while highlighting the impending challenges for borrowers facing these financial pressures.

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AGC Report: July 2026 Construction Employment Rising in 28 States, Mixed Construction Indicators Observed

AGC • AUGUST 28, 2026

The Associated General Contractors of America (AGC) report from August 28, 2026, details construction employment trends for July 2026, noting increases in 28 states and decreases in 18 states and the District of Columbia. Illinois led job additions, while Texas experienced significant job losses. The report also highlights mixed indicators in construction starts, with a year-to-date value increase despite a decline from June to July, alongside challenges reflected in the Architecture Billings Index.

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Goldman Sachs Report Examines Federal Reserve's Shift Toward Less Transparency Under Chairman Kevin Warsh

Goldman Sachs • AUGUST 25, 2026

Goldman Sachs' August report analyzes the Federal Reserve's transition towards reduced transparency under Chairman Kevin Warsh. It investigates the potential benefits and drawbacks of this shift, focusing on its implications for markets and the economy. The report provides a critical examination of the ramifications of less transparency in monetary policy for various economic stakeholders.

Allegheny County Council Agenda for Regular Meeting on August 25, 2026, Includes Proclamation, Appointments, and Ordinances.

Allegheny County Council • AUGUST 25, 2026

The Allegheny County Council held a regular meeting on August 25, 2026, beginning at 5:00 PM in the Gold Room of the Fourth Floor. Key items on the agenda included a proclamation for September 2026 as "Hunger Action Month," the appointment of Michael Suley to the Board of Property Assessment Appeals and Review, and several ordinances concerning county-owned properties. The meeting also included motions related to public hearings and concluded with notifications of contracts and public comments.

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Treasury Yields Rise Amid Inflation Concerns as Key Economic Indicators for Consumers and Business Investment are Released This Week

trepp • AUGUST 24, 2026

A Trepp report from August 24, 2026, discusses rising Treasury yields amid inflation concerns and uncertainty in economic policies. Key economic indicators are set to be released, including consumer confidence, personal income and spending, and business investment metrics, which may impact sectors reliant on consumer and business spending. The outcomes of these indicators and upcoming speeches by Federal Reserve officials could provide insights into future property demand and borrowing costs.

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