At mid-year 2025, the U.S. construction industry is navigating slower economic growth, tighter financing, and uneven demand. Total spending declined 2.9% year-over-year, with private-sector activity softening while infrastructure investment remained a bright spot. Forward-looking indicators offer a mixed outlook, with strong planning pipelines but continued weakness in design activity pointing to potential delays ahead. HITT…

In 2024, the U.S. construction industry showed resilience despite economic cooling fueled by public-sector infrastructure investments while facing private-sector challenges. GDP grew by 2.7 percent, slower than in 2023, due to higher borrowing costs and tighter credit limiting private investment. Federal spending on infrastructure, especially under the IIJA and CHIPS Act, boosted public-sector construction, while…

Despite challenges, the U.S. construction industry has shown resilience in 2024, with moderate input prices, stabilized supply chains, and continued growth in spending. Looking ahead, the industry remains cautiously optimistic as it navigates global disruptions and shifting sector demands. This mid-year report provides a view of how macro and micro measures perform compared to predictions.…

The construction industry showed resilience in 2023, with a notable 7 percent increase in spending to $1.98 trillion. Despite inflationary pressures and the Federal Reserve’s interest rate hikes, the industry largely maintained stability, aided by moderated inflation and improved supply chain factors. Looking to 2024, while facing ongoing global disruptions and pricing pressures, stakeholders remain…

Despite widespread predictions of a pronounced recession taking hold by mid-year, a confluence of favorable economic indicators and the Federal Reserve’s assertive tightening measures seem to have positioned the U.S. economy for a soft landing. This mid-year report provides a view of how macro and micro measures perform compared to predictions. These indicators provide a…

After a robust 2021, the United States economy experienced a deceleration in growth in the first few quarters of 2022. GDP fell in both the first and second quarters of 2022, shifting the economic conversation from inflation to the impending recession. While the Federal Reserve tightened policies to try and combat high inflation, their plan was…