Construction Industry Quarterly Economic Update
The political campaigns are over. While there are likely to be continued economic shifts, we are looking at the data and crunching the numbers from the last quarter to report on key metrics for the construction industry. There are some big updates in this quarter’s Economic Report, including:
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- The Q3 GDP report
- Raw material prices and availability
- Labor situation and labor costs analysis
- Insight into manufacturing data
- Risks pertaining to geopolitics and inflation, as well as trade tensions and rivalries
Dr. Chris Kuehl provides readers with a macroeconomic analysis of expectations following the 2024 Presidential election. Then, data from the Construction Potential Index, developed by Armada in conjunction with Pioneer IQ, allows us to measure the growth potential and construction spending per capita from Q2 data. The result is the construction potential index. Finally, the report dives into analysis of residential and nonresidential construction, raw materials, banking and finance, and more.
This report is available to view now. Just click here to access the file.
Contact Us
If you are interested in learning more or would like to discuss planning and opportunities for your construction business, contact a Construction Professional at GBQ Partners.
The CICPAC Quarterly Economic Report is published quarterly for the Construction Industry CPAs and Consultants. Its contents are solely for informational purposes and any use thereof or reliance thereon is at the sole and independent discretion and responsibility of the reader. While the information contained in this report is believed to be accurate as of the date of publication, CICPAC and the author disclaim all warranties, express or implied, as to its accuracy and completeness.
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