Michael Guckes, Sr. Economist, ConstructConnect, was featured on the Marketplace Morning Report broadcast on March 13, 2024. Guckes was interviewed for Commercial construction has hit a brick wall. Why? which covered the impact of elevated interest rates, restrictive bank lending, and building-use trends on the industry.
”We’re seeing many more projects that are being abandoned, and I think that much of that has to do with the financial markets,” Guckes said.
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About ConstructConnect
Construction Starts Here™ at ConstructConnect, where our mission is to help the construction industry start every project on a solid foundation. A leading provider of software solutions for the preconstruction industry, ConstructConnect empowers commercial construction firms to streamline their workflows and maximize productivity. ConstructConnect operates as a business unit of Roper Technologies (Nasdaq: ROP), a constituent of the Nasdaq 100, S&P 500, and Fortune 1000.
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