The Project Stress Index (PSI) composite closed November 2024 at 119.8, rising 14.7% from a revised October reading of 104.5.Sharp increases in on-hold (29.4%) and abandonment (31.9%) activity drove the month-over-month increase. The month's reading is a new high for the PSI following its August 2024 low of 87.9. Conditions are20% above the average 2021 level, and the composite remains more than 5% below the level from the start of the year.ConstructionConnect's Chief Economist Michael Guckes noted: "Since the Federal Reserve began adjusting theFederal Funds Ratelower in mid-September, the PSI has made multiple drastic monthly moves, ranging from a 14% decline to a 17.6% increase."Related on Archinect:November's construction input prices remain flat"The election of President-elect Trump has brought with it many ideas and plans that could substantially shift the business landscape and impact both existing and prospective commercial real estate owners and developers.""Until re...