Project Stress Spikes Ahead of Expected Rate Cut
December 18, 2024
Construction activity saw a sharp increase in project stress last month, reversing recent declines, according to the latest data from Cincinnati-based ConstructConnect.
The Project Stress Index, a measure of construction projects that have been paused, abandoned or have a delayed bid date, jumped 14.7% in November. Despite this uptick, the index remains below its post-COVID peak and sits 5% lower than where it began 2024, said Michael Guckes, chief economist at ConstructConnect.
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