2025 U.S. Construction Industry Forecast

While 2024 brought some relief through moderating interest rates and stabilizing material costs, the construction industry faces new uncertainties in 2025. From potential trade policy changes to persistent labor shortages, construction firms must carefully balance challenges with emerging opportunities. As the industry continues its transformation toward "new economy" projects and technological adoption, having informed guidance becomes increasingly critical for success.

In this whitepaper, we examine the key trends, challenges, and opportunities shaping the U.S. construction industry, including:

• Interest rates, potential tariffs, and their impact on project planning
• The ongoing labor shortage and technological solutions
• Material costs that remain elevated despite recent stabilization
• Growth sectors driven by federal infrastructure investment
• Megaprojects reshaping the construction landscape