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ABC Reports May Construction Backlog Rises to 9.1 Months While Contractor Confidence Declines

ABC • JUNE 16, 2026

A June report from Associated Builders and Contractors (ABC) reveals that the Construction Backlog Indicator rose to 9.1 months in May, an increase of 0.3 months from April. This growth was observed across all regions except the South, which maintains the longest backlog duration and a significant year-over-year increase. Despite the rise in backlog, ABC's Construction Confidence Index experienced a decline in May regarding sales, profit margins, and staffing levels, though all components remain above the growth threshold of 50.

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FOMC Meeting to Address Interest Rates, Treasury Yield Curve, and CRE Credit Spreads

trepp • JUNE 15, 2026

A report from Trepp on June 15 outlines key economic indicators in commercial real estate (CRE) ahead of the Federal Open Market Committee (FOMC) meeting scheduled for June 16 and 17. The meeting will mark Kevin Warsh's first as chair, with expectations of a hold on rates amidst discussions on inflation and labor market conditions. The report notes the implications for Treasury yield curves and CRE credit spreads, specifically how outcomes may affect lending dynamics in the market.

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Goldman Sachs Report Highlights Increasing Role of Private Market Financing in Data Center Funding Amidst Rising AI Investment Needs.

Goldman Sachs • JUNE 12, 2026

A June report from Goldman Sachs details the increasing importance of private market financing in funding data centers, driven by substantial investment needs for artificial intelligence. Hyperscalers are expected to invest over $5 trillion by 2030, leading to a shift towards private market solutions. The report notes that private infrastructure funds raised a record $221 billion in 2025, with annual growth rates suggesting a strong future for these markets.

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.

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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.

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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.

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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.

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