Construction - MarketMinute

Used Equipment Market

Used Equipment Market Defies Gravity: Illinois Auction Agent Notes Robust Sales Amidst Commodity Price Slump

December 3, 2025 – The used equipment market is demonstrating remarkable resilience, holding strong even as commodity prices continue their downward trend. This surprising buoyancy is being observed across various sectors, with an Illinois-based auction agent highlighting sustained demand, particularly in the agricultural and construction machinery segments. This counter-intuitive market behavior

Saudi Arabia

Saudi Arabia Unveils Ambitious $350 Billion 2026 Budget, Defying Weak Oil Prices in Bold Vision 2030 Push

Riyadh, Saudi Arabia – December 3, 2025 – In a pivotal move underlining its unwavering commitment to economic transformation, Saudi Arabia has officially approved its 2026 state budget, earmarking a significant expenditure of SR1.313 trillion (approximately $350 billion). This robust spending plan comes despite prevailing weak global oil prices, signaling the

Used Equipment

Used Equipment Market Defies Commodity Slump, Signaling Strategic Shift in Agricultural and Construction Sectors

November 24, 2025 – Despite a pervasive downturn in global commodity markets, which are projected to hit their lowest levels in six years by 2026, the used equipment market, particularly within the vital agricultural and construction sectors, is demonstrating remarkable and unexpected stability. This resilience, a stark contrast to the broader

Lumber Prices

Lumber Market in Prolonged Slump: Construction Sector Faces Headwinds

The lumber market is currently grappling with a significant and extended monthly slide in prices, a trend that began to solidify in the latter half of 2025. This downturn, characterized by a notable decline of nearly 10% in the past month alone, signals a profound imbalance between supply and demand,

Construction

Construction Backlog Holds Steady at 8.5 Months, Driven by Data Centers and Infrastructure Amidst Commercial Slowdown

The U.S. construction industry is navigating a complex landscape, maintaining a stable backlog of approximately 8.5 months as of October 21, 2025. This figure, reported by the Associated Builders and Contractors (ABC) Construction Backlog Indicator (CBI), suggests a degree of resilience within the sector, yet it masks a

Mexico

Mexico's Industrial Output Misses Estimates, Raising Economic Alarms and Challenging Nearshoring Narrative

Mexico's industrial output has delivered a significant blow to economic optimism, consistently falling short of analyst expectations in recent months. The latest data for August 2025, released on October 10, 2025, revealed a sharper-than-anticipated year-on-year contraction of 3.6%, deepening concerns about the nation's economic resilience

Mexico

Mexico's Industrial Engine Stalls: Output Misses Mark, Raising Economic Alarms

Mexico's industrial output has delivered a significant blow to economic optimism, consistently falling short of analyst estimates and signaling a broader slowdown that has sent ripples through financial markets. The latest data, revealing sharper-than-expected contractions in July and August 2025, has intensified concerns about the nation's

Mexico

Mexico's Industrial Engine Sputters: Output Contraction Rocks Markets

Mexico's industrial sector is facing a challenging period, with recent data revealing a significant and unexpected contraction in output that has sent ripples through financial markets and prompted economists to revise growth forecasts downwards. The sustained decline, particularly noticeable through the summer of 2025, signals a broader economic

Mortgage Rates

Mortgage Rate Hike Threatens Housing Market Cool-Down, Sparks Commodity Concerns

Washington D.C. – October 2, 2025 – The United States housing market is bracing for a potential cool-down as average long-term mortgage rates have ticked up for the second consecutive week, reaching 6.34%. This latest increase, announced by Freddie Mac, signals a tightening lending environment that could further exacerbate affordability