On October 7, Anirban Basu presented his third-quarter construction economic update, highlighting a few notable shifts in the industry. While it remains consistent that data center projects are supporting the construction economy, Midwest reindustrialization proves a surprising area of development; and although the Fed just raised interest for the first time since July 2023, Basu is confident the American economy is only getting stronger. Review the latest poll results, important outtakes and Q&A summary below. POLLS Backlog and profit margins hold steady, while supply chain and financing overtake the workforce shortage for leading challenges. Which of these is the leading challenge for your company today?October 2026July 2026Supply chain and/or materials issues159Skills / worker shortage3352Insufficient demand for construction services2619Availability of financing for projects/project work1713None of the above86 Over the last three months, how has your company’s backlog fared?October 2026July 2026It has risen considerably1519It has risen slightly3332It has remained about the same2626It…
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‘It’s Going to Become More Competitive’: Anirban Basu on Construction Project Market in Q4
On October 7, Anirban Basu presented his third-quarter construction economic update, highlighting a few notable shifts in the industry. While it remains consistent that data center projects are supporting the construction economy, Midwest reindustrialization proves a surprising area of development; and although the Fed just raised interest for the first time since July 2023, Basu is confident the American economy is only getting stronger. Review the latest poll results, important outtakes and Q&A summary below. POLLS Backlog and profit margins hold steady, while supply chain and financing overtake the workforce shortage for leading challenges. Which of these is the leading challenge for your company today?October 2026July 2026Supply chain and/or materials issues159Skills / worker shortage3352Insufficient demand for construction services2619Availability of financing for projects/project work1713None of the above86 Over the last three months, how has your company’s backlog fared?October 2026July 2026It has risen considerably1519It has risen slightly3332It has remained about the same2626It…
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