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The US Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q3 2025)

Publisher GlobalData
Published Sep 30, 2025
SKU # GBDT20601977

Description

The US Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q3 2025)

Summary

GlobalData expects the US’ construction industry to record an annual decline of 2.7% in real terms in 2025, owing to contraction across three key construction sectors: commercial, industrial and residential. The decline can be predominately attributed to the impacts of the US President’s global trade policy, which has contributed to not only rising construction input costs, but also falling builders’ sentiment and rising uncertainty. After tariffs were initially being absorbed by contractors or masked through inflated inventories, trade measures are now causing negative impacts throughout the economy, disrupting supply chains and delaying project delivery.

Over the remainder of the forecast period, the construction industry is expected to record an annual growth of 1.9% during 2026-29, supported by investments in the development of AI infrastructure. The rapidly expanding industry is expected to increase construction demand for both Data centers, as well as power generation infrastructure and transmission line. In addition, other sectors such as transport infrastructure and the manufacturing sector are also expected to expand. For example, the manufacturing sector will be bolstered by the American Manufacturing Program (AMP), which was launched by the American technology company, Apple, in early-August 2025. As part of this program, Apple has announced an investment plan of $600 billion for the expansion of its operations by 2029. This marks an increase from the initial $500 billion announced in February 2025.

GlobalData’s Construction in the US and the Key States - Key Trends and Opportunities to 2029 (Q3 2025) report provides detailed market analysis, information, and insights into the US’ construction industry, including -
  • The US’ construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the US’ construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope

This report provides a comprehensive analysis of the construction industry in the US. It provides -
  • Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in the US, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
  • Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts
  • Understand the latest industry and market trends
  • Formulate and validate business strategies using GlobalData's critical and actionable insight
  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors

Table of Contents

1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction
Outlook
Latest news and developments
Construction Projects Momentum Index
4.2 Commercial Construction
Outlook
Project analytics
Latest news and developments
4.3 Industrial Construction
Outlook
Project analytics
Latest news and developments
4.4 Infrastructure Construction
Outlook
Project analytics
Latest news and developments
4.5 Energy and Utilities Construction
Outlook
Project analytics
Latest news and developments
4.6 Institutional Construction
Outlook
Project analytics
Latest news and developments
4.7 Residential Construction
Outlook
Project analytics
Latest news and developments
5 Construction in Key US States
5.1 California
Outlook
Latest news and developments
5.2 Florida
Outlook
Latest news and developments
5.3 Texas
Outlook
Latest news and developments
5.4 New York
Outlook
Latest news and developments
5.5 Pennsylvania
Outlook
Latest news and developments
5.6 Georgia
Outlook
Latest news and developments
5.7 Illinois
Outlook
Latest news and developments
5.8 Ohio
Outlook
Latest news and developments
5.9 Washington
Outlook
Latest news and developments
5.1 North Carolina
Outlook
Latest news and developments
6 Key Industry Participants
6.1 Contractors
6.2 Consultants
7 Construction Market Data
8 Appendix
8.1 What is this Report About?
8.2 Definitions
8.3 CRI Methodology
9 About GlobalData
10 Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: The US, Key Economic Indicators
Table 3: The US, Commercial Construction Output by Project Type (Real % Change), 2020–29
Table 4: The US, Top Commercial Construction Projects by Value
Table 5: The US, Industrial Construction Output by Project Type (Real % Change), 2020–29
Table 6: The US, Top Industrial Construction Projects by Value
Table 7: The US, Infrastructure Construction Output by Project Type (Real % Change), 2020–29
Table 8: The US, Top Infrastructure Construction Projects by Value
Table 9: The US, Energy and Utilities Construction Output by Project Type (Real % Change), 2020–29
Table 10: The US, Top Energy and Utilities Construction Projects by Value
Table 11: The US, Institutional Construction Output by Project Type (Real % Change), 2020–29
Table 12: The US, Top Institutional Construction Projects by Value
Table 13: The US, Residential Construction Output by Project Type (Real % Change), 2020–29
Table 14: The US, Top Residential Construction Projects by Value
Table 15: California, Construction Output by Sector (Nominal $ Billion), 2020–29
Table 16: California, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2020–29
Table 17: Florida, Construction Output by Sector (Nominal $ Billion), 2020–29
Table 18: Florida, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2020–29
Table 19: Texas, Construction Output by Sector (Nominal $ Billion), 2020–29
Table 20: Texas, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2020–29
Table 21: New York, Construction Output by Sector (Nominal $ Billion), 2020–29
Table 22: New York, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2020–29
Table 23: Pennsylvania, Construction Output by Sector (Nominal $ Billion), 2020–29
Table 24: Pennsylvania, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2020–29
Table 25: Georgia, Construction Output by Sector (Nominal $ Billion), 2020–29
Table 26: Georgia, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2020–29
Table 27: Illinois, Construction Output by Sector (Nominal $ Billion), 2020–29
Table 28: Illinois, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2020–29
Table 29: Ohio, Construction Output by Sector (Nominal $ Billion), 2020–29
Table 30: Ohio, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2020–29
Table 31: Washington, Construction Output by Sector (Nominal $ Billion), 2020–29
Table 32: Washington, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2020–29
Table 33: North Carolina, Construction Output by Sector (Nominal $ Billion), 2020–29
Table 34: North Carolina, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2020–29
Table 35: The US, Key Contractors
Table 36: The US, Key Consultants
Table 37: The US, Construction Output Value (Real, $ Billion)
Table 38: The US, Construction Output Value (Nominal, $ Billion)
Table 39: GlobalData Construction Market Definitions
Table 40: Risk Dimensions
Table 41: Ratings, Scores and Definitions
List of Figures
Figure 1: North America, Construction Output (Real % Change), 2023–29
Figure 2: The US, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
Figure 3: The US, Risk Summary
Figure 4: The US, Risk Regional Comparison
Figure 5: The US, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
Figure 6: The US, Construction Output Value, by Sector (Real, $ Million), 2020–29
Figure 7: The US, Value of Construction Put in Place ($ Billion, Nominal Seasonally Adjusted Annual Rate), YoY % Change
Figure 8: The US, Number of People Employed in the Construction Industry, In Thousands
Figure 9: The US, Construction Projects Momentum Index
Figure 10: North America, Construction Projects Momentum Index
Figure 11: The US, Commercial Construction Output by Project Type (Real, $ Million), 2020–29
Figure 12: The US, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 13: The US, Value of Lodging, Office, and Commercial Construction Put in Place ($ Billion, Nominal Seasonally Adjusted Annual Rate), YoY % Change
Figure 14: The US, Total International Tourist Arrivals
Figure 15: The US, Total Retail Sales Value (In $ Billion, Seasonally Adjusted, in Nominal Terms)
Figure 16: The US, Industrial Construction Output by Project Type (Real, $ Million), 2020–29
Figure 17: The US, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 18: The US, Total Manufacturing Construction Put in Place ($ Million, Nominal Non-Seasonally Adjusted)
Figure 19: The US, Industrial and Manufacturing Production Indices (2017=100, Seasonally Adjusted)
Figure 20: The US, Total Exports ($ Billion, Seasonally Adjusted)
Figure 21: The US, Total Manufacturing New Order Value ($ Billion, Seasonally Adjusted)
Figure 22: The US, Infrastructure Construction Output by Project Type (Real, $ Million), 2020–29
Figure 23: The US, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 24: The US, Total Transportation Construction Put in Place (US$ Million, Non-Seasonally Adjusted), YoY % Change
Figure 25: The US, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020–29
Figure 26: The US, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 27: The US, Total Power Construction Put in Place (US$ Million, Non-Seasonally Adjusted)
Figure 28: The US, Construction Put in Place on Water Supply and Sewage and Waste Disposal Infrastructure (US$ Million, Non-Seasonally Adjusted)
Figure 29: The US, Total Communication Construction Put in Place (US$ Million, Non-Seasonally Adjusted)
Figure 30: The US, Institutional Construction Output by Project Type (Real, $ Million), 2020–29
Figure 31: The US, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: The US, Total Educational, Healthcare, Public Safety and Religious Buildings Construction Value Put in Place (US$ Billion, Seasonally Adjusted Annual Rate)
Figure 33: The US, Residential Construction Output by Project Type (Real, $ Million), 2020–29
Figure 34: The US, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 35: The US, Total Residential Construction Value Put in Place (US$ Million, Non-Seasonally Adjusted)
Figure 36: The US, Total New Housing Units Permit Authorized (Seasonally Adjusted Annual Rate, In Thousand)
Figure 37: The US, Housing Starts (Unadjusted), In Thousands
Figure 38: The US, New Home Sales, in Thousands, In Seasonally Adjusted
Figure 39: The US, Price Index of New Single-Family Houses Under Construction (2005=100)
Figure 40: The US, Price Index of New Multi-Family Houses Under Construction (2005=100)
Figure 41: The US Construction Output Value by States, 2024 (Nominal, $ Billion)
Figure 42: The US Construction Output Growth Rate by States, (Nominal CAGR, 2025-29)
Figure 43: California, Construction Output Value (Real, $ Billion, 2022 Prices), 2020–29
Figure 44: California, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 45: California, Construction Employment
Figure 46: Florida, Construction Output Value (Real, $ Billion, 2022 Prices), 2020–29
Figure 47: Florida, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 48: Florida, Construction Employment
Figure 49: Texas, Construction Output Value (Real, $ Billion, 2022 Prices), 2020–29
Figure 50: Texas, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 51: Texas, Construction Employment
Figure 52: New York, Construction Output Value (Real, $ Billion, 2022 Prices), 2020–29
Figure 53: New York, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 54: New York, Construction Employment
Figure 55: Pennsylvania, Construction Output Value (Real, $ Billion, 2022 Prices), 2020–29
Figure 56: Pennsylvania, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 57: Pennsylvania, Construction Employment
Figure 58: Georgia, Construction Output Value (Real, $ Billion, 2022 Prices), 2020–29
Figure 59: Georgia, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 60: Georgia, Construction Employment
Figure 61: Illinois, Construction Output Value (Real, $ Billion, 2022 Prices), 2020–29
Figure 62: Illinois, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 63: Illinois, Construction Employment
Figure 64: Ohio, Construction Output Value (Real, $ Billion, 2022 Prices), 2020–29
Figure 65: Ohio, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 66: Ohio, Construction Employment
Figure 67: Washington, Construction Output Value (Real, $ Billion, 2022 Prices), 2020–29
Figure 68: Washington, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 69: Washington, Construction Employment
Figure 70: North Carolina, Construction Output Value (Real, $ Billion, 2022 Prices), 2020–29
Figure 71: North Carolina, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 72: North Carolina, Construction Employment
Figure 73: The US, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 74: The US, Headquarters of Key Consultants (% of Total Project Pipeline)

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