📉 Nov 2023 ABI Update: Navigating the Architectural Landscape @Kevinkcheng
Architects report decreased billings and contracting values for the 4th month.
ABI, a predictive tool, suggests a market slowdown in late 2024 to early 2025.
#ABIInsights#ConstructionForecast
Software doesn’t get the work done, people do! @KevinKCheng
🚀 Remote Opportunity: Revolutionize Construction with Your Expertise!
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Contractors are tracking 8.5 months of project backlogs (is this good or bad?) @KevinKCheng
I’m observing that we are at a crossroads with high interest rates and a 50% drop in request for proposals (RFPs).
To my construction folks, how crucial are the coming months?
Construction's Response: Expect the commercial and residential sectors to remain subdued in the short term. Project lifecycles from conception to construction will dictate the pace. @kevinkcheng
Stay informed, stay ahead. #ConstructionForecast#EconomicTrends#InterestRates
Future Projection: Let's explore the trajectory of the construction market. @kevinkcheng
Interest Rates' Impact: Why do lower interest rates typically mean more construction starts? It's about affordability and borrowing costs.
Contractors are tracking 8.5 months of project backlogs (is this good or bad?) @kevinkcheng
🏗️ ABC Reports: Gauging Construction's Pulse for 2024
Backlog Indicator Nov 2023.
To my construction folks, how crucial are the coming months?
#ConstructionOutlook#MarketForecast
📉Construction's Future Spending and outlook
Despite a slowdown in planning this November, long-term data shows an overall increase in construction projects.
While short-term trends hint at a quieter period in Sept/Oct/Nov 2024, the big picture remains positive.
#RemoteWork
📉 The November 2023 Dodge Momentum Index provides insights into Construction's Future Spending and outlook @KevinKCheng
The DMI indicates a continued decline in early-stage projects, yet the pipeline remains robust.
#ConstructionTrends#EconomicInsights#DMIvsABI
Commercial construction stalled, in the short-term. What you should watch out for so you can make it to the long-term. @kevinkcheng
📉 The November 2023 Dodge Momentum Index provides insights into Construction's Future Spending and outlook
#constructiontrend#constructionworker
More bad news for construction in 12 months (glimpse into Dec 2024)
🔍 Architectural billings are down, with fewer contracts being signed.
A consistent decline over the past 2-3 months points to a clear downward trend.
#ConstructionForecast#ABITrends#MarketInsights
"What I would do differently if I were to fundraise again" -@KevinKCheng
Link to LinkedIn Post https://t.co/YjwRC0xTP7 Next Phase in Startup Fundraising: Learning and Adapting 🚀 #StartupGrowth#FundraisingStrategy#ConTech