Capitol Update 3/27/2023
Are interest-rate hikes construction’s main enemy? In today’s business environment, high interest rates are not always the prime culprit of suppressed construction activity, as surprisingly few projects, even in vulnerable markets such as office and retail, are completely dissolving due to rate increases, says Ken … read more
Capitol Update 3/20/2023
Infrastructure prioritized in proposed White House budget Infrastructure, climate change, commercial navigation and attention to disadvantaged communities are among the priorities addressed in the Biden administration’s fiscal 2024 budget. The outline released by the White House also includes $4.45 billion for 18 transit projects across … read more
Capital Update 3/13/2023
Dodge Momentum Index returns to growth The Dodge Momentum Index climbed back from a January decline with a 1.9% overall rise in February with gains in both the commercial and institutional components. Looking ahead, Sarah Martin, Dodge Construction Network’s associate director of forecasting, says “the … read more