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Q. When you look ahead to 2026 and beyond, what trends do you think will shape the construction industry nationally and globally?
A. Nationally, federal funding passed in 2025 for transportation and infrastructure is going to continue driving public-sector work. We’re also seeing strong activity around data centers, warehouses, and energy projects across the country. Those sectors are creating real opportunity, but they also highlight one of the industry’s biggest challenges, the ongoing shortage of skilled labor.
Q. What’s your outlook for construction in the greater Pittsburgh area over the next few years?
A. Pittsburgh continues to be a steady, resilient market. We don’t see the extreme ups and downs that some larger cities experience, and that consistency has always been one of the region’s strengths.
A big factor right now is the correction we’re seeing after 10 to 12 years of artificially low interest rates and inflated property values. In the office market especially, a lot of buildings were financed with interest-only loans when rates were low. Owners didn’t pay down principal, and now those loans are resetting at much higher rates...
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