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March's Project Stress Index shows uptick sparked by major abandonment increases
A monthly check-in on the ConstructionConnect Project Stress Index (PSI) composites from March indicates a slight (1.1%) increase in the number of nonresidential construction projects either paused, delayed, or abandoned across the country. This rise was driven primarily by a 9.5% increase in abandonment activity. Year-to-date, abandonments have likewise surged by 41%, far outpacing the 3.5% increase in bid date delays and the 19% decline in on-hold activity observed in 2025. The abandonment rates were shown to be twice as high for private-sector construction. This is due primarily to concerns over the construction labor market and price increases related to tariffs combined with the effects of persistently elevated interest rates. Over the past four months, bid date delays and on-hold activity have both declined as abandonments rose, according to the report. Both March's bid date (0.7%) and on-hold activity (8.0%) readings were shown to have gone down. Related on Archinect: Tariff-...
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