Are We Going to See a Decline in Construction Revenues?

Due to both the higher interest rates on their own and the reduced spending that will be caused by the recession, non-residential construction will decline in the next year or so. Armstead Jones, President, Imagine Think Tank gives his perspective on why property owners are going to see a decline in construction revenues over the next 12 months:

“We’re going to see a decline in construction revenues over the next 12 months because of a bunch of key indicators. Number one, interest rates, and number two, inflation. Those things are going to cause permits to slow down, so when construction companies go to do work, on job sites, they’ll pull permits in order to start certain phases of work.

Owners, developers, property owners, and landowners are slowing down because interest rates have wrecked their performers and their models, and inflation has jacked up their costs. So with all of these things happening, they’re slowing down on the completion of projects, which slows down the construction industry, which then slows down subs in that construction industry as well.”

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

Image

Latest

LEGO
How LEGO Puts Play to Work Across Retail Experiences: Breaking Down the Formula with PJ du Toit
May 29, 2025

As in-store experiences become key to brand loyalty, LEGO is doubling down on its core brand essence of play, using it as both a design philosophy and a strategic lever. The company is transforming its physical spaces into destinations that spark imagination, encourage interaction, and strengthen emotional connections with shoppers of all ages. With…

Read More
summer melt
From Freshmen to Founders: Michigan Students Take on Higher Ed’s Summer Melt Crisis with MeetYourClass
May 29, 2025

A growing number of colleges are struggling to convert applicants into enrolled students—and to keep them engaged through graduation. With Gen Z students relying heavily on familiar digital platforms like Instagram and Discord for social interaction, traditional college tools for orientation, enrollment, and community-building often miss the mark. According to research, between 10 to 40…

Read More
Aviation maintenance
The Future of Flight Depends on Mechanics, Not Machines: How Jets MRO is Solving the Aviation Maintenance Talent Gap
May 28, 2025

Private aviation is booming—but behind the sleek jets and luxury cabins lies a hidden crisis. A looming shortage of qualified aviation maintenance technicians threatens to ground growth. According to Boeing’s 2023 Pilot and Technician Outlook, the industry will need about 690,000 new maintenance technicians by 2042. While private jet usage is skyrocketing, the infrastructure to…

Read More
digital learning ecosystem
Stride at 25: Redefining the Digital Learning Ecosystem for Today’s K–12 Learners
May 28, 2025

As virtual learning matures and school choice accelerates across the U.S.,the 25th anniversary of Stride Inc. offers a moment to reflect on how far the digital learning ecosystem has come and where it’s headed.. Once known as K12 Inc., the company helped pioneer online education at scale. But in a landscape shaped by evolving…

Read More