The Hard Hat Hub #2 - What’s On and Beyond the Horizon

December is upon us. It's the home stretch of 2024, and as thoughts turn to holiday parties, shopping, and letters to Santa, there is also the focus on wrapping up the business year: closing those final deals, collecting those last invoices, and maybe finding a day or two to catch a quick breath before the madness engine revs back up on January 2nd.??

While there is a lot of chaos to navigate in December, most of us can’t help but look not only on the other side of the river but through the woods to see what may be to come in 2025. This year, the future feels particularly intriguing. A new administration is set to take the reins at 1600 Pennsylvania Avenue, and the Federal Reserve has decisions looming on interest rates. These events, among others, set the stage for what’s shaping up to be an interesting year ahead.?

In the spirit of planning for the future, market forecasts are rolling in like holiday packages. Among them is Deloitte’s insightful report on the engineering and construction sectors in 2025. Here are a few key takeaways:?

• Optimistic outlook: Inflation is cooling, and a 50 basis point rate cut in September could be followed by another soon.?

• Labor challenges persist: The report suggests strategies to address this ongoing issue.?

• Technology on the rise: Adapting to ConTech remains essential for industry growth.?

• Policy benefits: Laws like the IIJA and CHIPS & Science Act could continue driving industry momentum.?

You can read the full Deloitte report by clicking the link below?

2025 Engineering & Construction Industry Outlook?

Our best wishes for a healthy & happy holiday season!?

Take a look at Some Recent Callahan News?

[Press Release] Callahan & Jones Street Residential Celebrate the Opening of 75 Canal Street?

Ribbon-cutting event for a new 250-unit residential development with retail space and underground parking in downtown Manchester, NH.?

[Project Video] Take a Flight Over 52 New Street?

Get a bird’s eye view of construction progress that will deliver 106 affordable housing units to Cambridge, MA?

[New on Our Blog] We’re Investing in the Future of Construction by Partnering with a WMBE?

Read about our new partnership with Velney Construction to help expand its contracting business as well as grow Callahan’s diversity & inclusion program?

Here Is Some Information about Happenings in the Construction Market??

[Construction Dive] Trump vows new tariffs on Mexico, Canada, China?

Get a breakdown of how proposed tariffs could impact construction material pricing?

[Construction Executive] Planning to Succeed: Ensuring Proper Knowledge Transfer Before Your Construction Leaders Retire?

Managing a successful business requires thinking ahead and getting ready for what’s next. That’s where succession planning comes in.?

[Connected World] Debunking Construction Myths Series:? Technology Adoption is Stagnant?

IT spending is most certainly trending upward—and the construction industry needs to be prepared. What exactly is ahead in 2025? There are a few very key areas to keep an eye on.?