The construction economists on AIA's Consensus Construction Forecast panel had different takes on the business fortunes of the construction market in 2024-2025.
During the first two months of this year, construction spending amounted to $298.1 billion, +11.9% above the $266.5 billion for the same period in 2023.
The Dodge Momentum Index (DMI), rose +0.1% in January to 184.1 points (2000=100) from the revised December reading of 183.9 points. Over the month, commercial planning fell -1...
Total construction spending during Dec. 2023 was estimated at a seasonally adjusted annual rate of $2,096 billion, +0.9% above the revised November estimate.
To get a sense of the market climate electrical distributors, reps and manufacturers and other electrical professionals can expect in 2024, let’s take a look at the core...