April showers bring May flowers. Ask a contractor what April brings and the answer is less poetic.
A full spring pipeline looks like a solved problem after a slow winter. Everything on paper points toward a strong quarter.
The backlog looks full... the account says otherwise.
Construction cash flow doesn't follow the logic of a busy backlog. The work and money move on different schedules, and April is when the gap gets expensive.
This time last year, Dodge Construction Network reported a 9% drop in total construction starts, not from weather, but linked to tariff uncertainty that arrived right as projects were expected to break ground. Work that had already been staffed and priced held, leaving costs committed against revenue that hadn't materialized.
The spring rebound most pipelines were built around turned out to be conditional. A difficult April has a way of showing exactly which businesses could see the strain before it arrived.
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