KEY POINTS
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The ConstructConnect Project Stress Index (PSI), which tracks delayed bid dates, on-hold projects, and abandonments in preconstruction, closed February at 100.4, reflecting a 2.1% decrease compared to January’s reading.
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The February 2026 decline was primarily driven by a 5.4% drop in bid date delays and a 1.5% reduction in on-hold activity.
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Project abandonments edged up by 0.6%, following a significant decline in January.
Composite Overview
The Project Stress Index closed February at 100.4, reflecting a 2.1% decrease compared to January’s reading.
The February 2026 decline in the Project Stress Index was primarily driven by a 5.4% drop in bid date delays and a 1.5% reduction in on-hold activity. Meanwhile, abandonments edged up by 0.6%, following a significant decline in January.
Year-over-year, February’s reading is down 9.9%, with abandonment activity 20% lower than February 2025. Bid date delays also saw a 7.4% decrease, while on-hold activity rose slightly by 0.4% compared to the same period last year.
Components Monitor
Delay Bid Date95.7 |
On Hold101.2 |
Abandoned104.3 |
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Month-on-month changes of less than 0.25% are indicated as unchanged. Image and Data by ConstructConnect.
The ConstructConnect Project Stress Index (PSI) composite chart is shown from February 2023 to February 2026. The PSI is a seasonally adjusted, equal-weight measure of delayed, on-hold, or abandoned projects. (Month-on-month changes of less than 0.25% are indicated as unchanged). Image and Data by ConstructConnect
Sector Status Update
While February recorded a modest uptick in public and private abandonment counts, both remain well below levels seen during the same period last year.
Considering the significant impact elevated abandonment activity had on the Project Stress Index in 2025, it’s notable that abandonment activity has remained relatively subdued in early 2026.
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READ THE FAQs on The Project Stress Index
About the Project Stress Index
The Project Stress Index (PSI) composite represents an equal-weight measure of the seasonally adjusted level of preconstruction projects that have experienced a delayed bid date, been placed on hold, or abandoned in the last 30 days. The PSI only monitors nonresidential and multifamily projects in their preconstruction phases, thus excluding any single-family home construction. Each component has been seasonally adjusted and then indexed against its 2021 average weekly reading. The independent tracking of each status type gives unique insights into market changes’ timing, direction, and amplitude. Additional information about the PSI, including detailed data about the individual readings for delayed, on-hold, and abandoned projects, can be found here.
About ConstructConnect
At ConstructConnect, our software solutions provide the information that construction professionals need to start every project on a solid foundation. For more than 100 years, our keen insights and market intelligence have empowered commercial firms, building product manufacturers, trade contractors, and architects to make data-driven decisions, streamline preconstruction workflows, and maximize their productivity. Our newest offerings—including our comprehensive, AI-assisted software—help our clients find, bid on, and win more projects.
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