Two reports released this week show the extent and pace at which projects are being stalled or put on ice.
A survey of 250 U.S.-based general contractors conducted last month by real estate and construction finance platform Built found that 35% of respondents had seen projects canceled or “significantly delayed” due to financing gaps.
Seventy percent of respondents said they have regularly faced delayed payments, leading contractors to inflate bids by an average of 8%. And 60% of contractors said they are concerned about tariffs compounding these issues.
Also in April, ConstructConnect found that the number of private developments placed on hold has increased 40% from last year, while the number of abandoned projects has jumped 14.1%, Construction Dive reported.
Source: Delays, Cancellations Of Construction Projects Becoming More Common
