Today’s Construction Economy Report – Q3/Q4 2024

The US nonresidential construction sector faced challenges in Q3 2024 due to natural disaster recovery, a brief port strike, and a tense election cycle. While interest rates, materials, and equipment costs are easing; labor costs continue to rise, making the project pipeline more unpredictable.

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About Today's Construction Economy Report

Prepared by MOCA Systems, Inc.’s Principal, Chief Construction Economist, Brandon Michalski, Today’s Construction Economy is a quarterly must-read for industry leaders seeking comprehensive, data-driven analysis for the nonresidential construction sector.

This in-depth report synthesizes insights from hundreds of trusted sources, including news, analytics, and industry experts, to provide timely, actionable intelligence to thousands of construction professionals. By integrating hard economic data with expert commentary, Today’s Construction Economy offers clear, informed analysis to help stakeholders navigate market shifts, anticipate trends, and make confident strategic decisions.

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Meet the Author

Brandon Michalski
Principal, Construction Economist

Brandon Michalski is the lead economist for MOCA Systems, Inc., a leading owner’s representative firm providing program and project management services. Brandon’s decade in the mining and heavy construction industries provides a foundation for subject matter expertise. He holds a Master of Science in Applied Economics from Johns Hopkins University in Baltimore, MD as well as a Bachelor’s Degrees in both Mining Engineering and Biology from West Virginia University in Morgantown, WV. Brandon currently lives in Chicago, Illinois with his family and enjoys hiking and camping.

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Mr. McGlone performs program and project management responsibilities for a wide range of activities in the engineering and construction field.  With over 20 years of experience, specializing in Civil, Environmental, Cost and Value Engineering, Facility/Community Planning, Property Development, Budget Analysis, Contract Administration/Negotiation, Construction Management, Personnel Management, and Business Development.  Mr. McGlone currently manages the Project Controls/Cost Engineering Department for his current company, where he oversees preparation and provides quality assurance of cost estimates for over $8.0 billion in construction value annually for various federal and state government and commercial clients. He has developed facility requirements valued at over $1 Billion for various government and commercial clients through information gathering charettes and produces comprehensive documentation with concept reports, drawings, and cost estimates.  He has supervised project managers, engineers, architects, estimators, surveyors, draftsmen, and construction superintendents.