Construction Economics Brief - August 2023

The Construction Economics Brief, produced by ConstructConnect’s economics team, is a monthly video series whose aim is to provide the latest and most pertinent economic information to construction industry leaders in a concise video format.

Highlights from August 2023 release include:

• Inflation is coming down, this should give the Federal Reserve some breathing room to hold rates steady. This could help keep private sector interest rates from moving significantly higher.
• ConstructConnect's Project Stress Index remained uncomfortably high, with abandoned projects still a concern.
• Our latest construction starts forecast release is coming soon, which continues to show industry growth through 2025.