FEATURED BLOG POST How to Think About Your Owned Real Estate When You Sell Your Business
TOPIC HIGHLIGHT Construction Planning Booms, up 51% in 12 Months The Dodge Momentum Index (DMI), which typically leads actual construction spending by about a year, rose 7.5% in August, signaling a notable increase in planning activity. Over the past 12 months, overall planning is up 51%, with commercial projects rising 38% and institutional projects, such as education and healthcare, surging 84%. Much of the growth is being driven by commercial sectors like data centers, warehouses, and hotels, while institutional gains have been boosted by projects including detention facilities and court buildings. Despite this momentum, Dodge cautions that ongoing economic and fiscal uncertainties, such as tariffs and cost escalations, could cause volatility in planning activity and project timelines in the coming months. [LINK]
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TOPIC HIGHLIGHT Construction Spending Slide Deepens
Nonresidential construction spending fell for the third month in a row in July, with private nonresidential outlays declining by 0.5%, even as public nonresidential spending rose slightly by 0.3%. Industries such as manufacturing and commercial construction were among those most impacted. Key contributing problems include tariff uncertainty, rising costs, and a worsening shortage of labor. Economists warn that without more certainty around trade policy and better labor supply, the second half of 2025 could be quite challenging for the construction sector. Still, some analysts note that infrastructure-related work could help offset part of the downturn. [LINK]
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