February Construction Has A Dip In Value

A more enthusiastic read on the industry came from the Associated Builders and Contractors’ fourth-quarter 2017 Construction Backlog Indicator report released this month. Projects in the nonresidential construction pipeline increased 2.25% to an all-time high of 9.67 months. Also breaking backlog records were the Northeast region (10.67 months), the commercial/industrial segment (10.1 months), and contractors with revenue of $30 million to $50 million (11.89 months).

Even so, Anirban Basu, the ABC’s chief economist, pointed to many of the same potentially negative factors that Dodge did in his analysis of what the future holds for contractors. One of the concerns Basu and Murray share is the effect of President Donald Trump’s 25% steel tariff and 10% aluminum tariff, both of which went into effect today. Industry organizations have been quick to point out that construction material prices were on the rise before the tariffs announcement and that the resulting higher costs could cause owners to nix plans for new development or bust budgets for projects already underway.

Read the full article here

Follow us on social media for the latest updates in B2B!

Image

Latest

TGR Foundation
Tiger Woods’ TGR Foundation Is Reimagining Educational Access Through STEAM, AI, and Community Partnerships
May 19, 2026

As schools across the United States continue grappling with post-pandemic learning loss, declining student engagement, and shrinking emergency funding, nonprofit organizations are increasingly stepping in to fill critical gaps. Recent national studies on literacy recovery, student engagement, and career-connected learning show that educators are facing significant post-pandemic challenges in keeping students connected to pathways that…

Read More
Talent
Higher Ed Must Build a Talent Supply Chain to Fix Workforce Readiness
May 18, 2026

The traditional pathway from college to career is starting to break down—and both universities and employers are feeling the strain. Higher education is under mounting pressure to prove career outcomes as employers question graduate readiness and internships decline. In fact, many institutions are reporting shrinking internship pipelines even as employers continue to prioritize prior…

Read More
healthcare
The Healthcare Talent Fix: Build Pipelines Early, Use Data, and Get the Experience Right
May 18, 2026

There’s a growing tension inside healthcare right now—between the people leaving the workforce and the patients still arriving every day. It’s a dynamic that leaders can no longer afford to ignore. The numbers make that clear: the Association of American Medical Colleges estimates that the U.S. could be short of as many as 86,000 physicians…

Read More
education
Just Thinking… About Federal Funds, Student Support, and the Future of Education with Eric Reaves
May 15, 2026

As conversations around the future of the U.S. Department of Education continue to intensify, educators and federal program leaders are facing mounting uncertainty about how federal funds will be managed, distributed, and regulated. At the same time, schools serving historically underserved students remain heavily reliant on programs like Title I and other federally supported initiatives…

Read More