Capitol Update 5/16/25
Uncertainty abounds despite US-China trade deal The US and China have agreed on a 90-day trade deal that significantly reduces tariffs, with China lowering from 125% to 10% and the US from 145% to 30%. Eric Gaus from Dodge Construction Network and independent economist Richard … read more
Capitol Update 5/2/25
Investors reassess US assets amid trade policies Investors are reevaluating US assets 100 days into President Donald Trump’s new administration, driven by concerns over trade policies and their impact on economic stability. Although significant rallies have occurred, the S&P 500 has fallen 8% and the … read more
Capitol Update 4/25/25
Architecture Billings Index dips in March The American Institute of Architects’ March Architecture Billings Index fell to 44.1 from 45.5 in February, marking another month of declining demand amid economic uncertainty and Trump-era tariffs. AIA Chief Economist Kermit Baker said firms “are increasingly cautious about … read more
Capitol Update 4/18/25
Impact of tariffs on construction prices causes concern Construction material prices “shot up” during March, with “rapid-fire changes in tariffs” poised to push the prices of key construction materials higher, according to AGC Chief Economist Ken Simonson. AGC is urging the Trump administration to pause … read more
Capitol Update 3/14/25
Aecom to lead venue infrastructure for 2028 Olympics Aecom has been appointed as the Official Venue Infrastructure Partner for the LA28 Olympics and Paralympics, providing architecture, engineering and construction management. The company will provide infrastructure for over 50 sports and 800 events, building on its … read more