My construction spending forecast for 2025 Nonresidential Bldgs is down 1.5%. But this decline is driven by projects ending in Manufacturing. In the last 3 yrs, there were $230bil Mnfg new starts, …| Construction Analytics
1 post published by edzarenski during August 2025| Construction Analytics
The biggest story in construction data right now is jobs. Average construction jobs growth through July, last 25 years, excluding recessions, +130,000. Average construction jobs growth through July…| Construction Analytics
EdZ 2025 SHORT Economic Forecast as SHOWDownload Even though this file is shortened from the full presentation it is still over 800MB. It’s too large to transfer by email and the full present…| Construction Analytics
Construction Spending is down in each of last 5mo, now down a total -2.4% from Dec. Biggest declines are Warehouse -7.7%, Commercial w/o Wrhse -4.6%, Office w/o Data Centers -4.3%, Residential -4.2…| Construction Analytics
The construction industry in the US heavily relies on immigrant workers, notably undocumented individuals. Total immigrants comprise about 20% of the workforce. That amounts to about 1.6 million im…| Construction Analytics
Construction Spending Explained New Starts + Existing Backlog generate Spending Spending = Revenue Revenue includes inflation which adds nothing to volume Revenue – Inflation = Business Volume Cons…| Construction Analytics
The total construction spending forecast, now at $2,237bil, +3.7% vs. 2024, has been lowered a bit since the Outlook in Feb. ($2,272bil, +5.5%). Most of the reduction is in Residential, from $997bil, +7.2% down to $958bil, +3.0%. Nonres Bldgs was reduced by $11bil and Nonbldg increased by $7bil. Compared to the average for the year … Continue reading →| Construction Analytics
For the 9th consecutive year, I will be speaking at Advancing Preconstruction. I will be opening the program May 22 to the plenary session with a summary of the current and expected economic conditions affecting everyone involved in construction, all geared towards one word, RISK. Construction Spending Q1’25 vs Q4’24 notable Q/Q increases: Education, Healthcare, … Continue reading →| Construction Analytics
Here’s a link to the podcast, Building Connections, of my interview with Rob Ryan, CEO of Twining, Inc. We discuss how I got to where I am today, why I provide a free blog on construction economics, who uses my data and what to expect from tariffs. https://www.twininginc.com/post/building-connections-episode-2-ed-zarenski-talks-tariffs-and-its-effects-on-construction| Construction Analytics
Tariff actions are not yet reflected in Feb PPI Inputs or PPI Final Demand index. Still early. Also remember, PPI does not include imports or tariffs on imports. When we do see movement in the PPI, it reflects domestic pricing decisions following on tariffs. Lutnick: “Foreign goods may become a little more expensive, but domestic … Continue reading →| Construction Analytics
Assessing the impact of tariffs on the cost of construction accurately has now become a nearly impossible task. Tariffs can be on PARTS used in the manufacture of goods. Who (architect?, engineer?) will identify which parts included in which products used in the building are subject to tariff? Is only 10% of the whole product … Continue reading →| Construction Analytics
Know what is included in an index Continue reading →| Construction Analytics
Construction Analytics updates the Construction Spending Forecast every month, usually publishing at least a Brief, every other month. The AIA Consensus solicits forecasts from 9 firms that prepare construction spending forecasts and publishes a Consensus Forecast every January and every June-July. The AIA Consensus reports only on nonresidential buildings. This table captures the percents growth … Continue reading →| Construction Analytics
