On a year-over-year (YoY) basis, this month’s increase pushed the index 9.9 percent higher than November 2024 levels.
The YoY increase stems entirely from abandonment activity, which increased 42.7 percent compared to last year. Meanwhile, bid date delays decreased by 8.5 percent, and on-hold activity dropped by 8.9% over the same period, ConstructConnect reports.
Sector status update
ConstructConnect’s analysis further shows across bid date delays and on-hold activity, the public and private sectors moved in opposite directions, highlighting the distinct economic pressures facing each.
Private sector projects saw notable increases in both bid delays and on-hold activity. In comparison, the public sector experienced strong declines in bid date delays and on holds, dropping both indicators well below historic averages
In contrast, the private sector saw a minor improvement in abandonments while the public abandonment activity rose strongly.
Both sectors remain well above historic averages for abandonments and have maintained elevated levels throughout most of the year, reflecting the economic uncertainty that has characterized the construction industry in 2025.