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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 (Q4 2025)

Publisher GlobalData
Published Dec 31, 2025
Length 106 Pages
SKU # GBDT20850878

Description

The US Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q4 2025)

Summary

The US construction industry is estimated to have contracted by 2.7% in real terms in 2025, reflecting headwinds from the fallout of protectionist trade policies, ongoing weakness in the residential market, and continued declines across the broader commercial and industrial sectors. Heightened uncertainty around trade policy has pushed up input costs, dampened contractor sentiment, and disrupted supply chains, contributing to project delays. In addition, President Trump’s immigration strategy, which has been centered on deportations and tighter visa policies has exacerbated existing labor shortages across the sector. Preliminary estimates from the US Bureau of Labor Statistics (BLS) show average employment fell by 0.7% year-on-year (YoY) in manufacturing during the first eleven months of 2025, while mining employment declined by 1.4% over the same period. Meanwhile, tariffs imposed on multiple countries have increased construction material prices and slowed imports, widening the trade deficit.

Over the remainder of the forecast period, however, the construction industry is expected to recover at an annual growth of 1.9% during 2026-29, supported by investments in the infrastructure and nuclear facilities. The government targets to increase the American nuclear energy capacity from 100GW in 2024 to 400GW by 2050. In line with this target, in October 2025, the government entered a partnership with several companies, including the domestic nuclear services provider Westinghouse Electric Company. This partnership will aim to construct new nuclear reactors across the country with a combined value of $80 billion. Moving ahead, in December 2025, the local energy and utilities service provider, Santee Cooper, reported that it will conduct a feasibility study for the construction of two nuclear units costing $2.7 billion in the country. The feasibility study on this is expected to be completed by June 2026. Also, in December 2025, the government passed a law to streamline environmental reviews and accelerate permitting for large energy infrastructure projects, data centers, and factories.

GlobalData’s Construction in the US and Key states - Key Trends and Opportunities to 2029 (Q4 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

106 Pages
Executive Summary
Construction Industry: At-a-Glance
Context
Economic Performance
Political Environment and Policy
Demographics
Risk Profile
Construction Outlook
All Construction
Outlook
Latest news and developments
Construction Projects Momentum Index
Commercial Construction
Outlook
Project analytics
Latest news and developments
Industrial Construction
Outlook
Project analytics
Latest news and developments
Infrastructure Construction
Outlook
Project analytics
Latest news and developments
1.2 Energy and Utilities Construction
Outlook
Project analytics
Latest news and developments
Institutional Construction
Outlook
Project analytics
Latest news and developments
Residential Construction
Outlook
Project analytics
Latest news and developments
Construction in Key US States
California
Outlook
Latest news and developments
Florida
Outlook
Latest news and developments
Texas
Outlook
Latest news and developments
New York
Outlook
Latest news and developments
Pennsylvania
Outlook
Latest news and developments
Georgia
Outlook
Latest news and developments
Illinois
Outlook
Latest news and developments
Ohio
Outlook
Latest news and developments
Washington
Outlook
Latest news and developments
North Carolina
Outlook
Latest news and developments
Key Industry Participants
Contractors
Consultants
Construction Market Data
Appendix
What is this Report About?
Definitions
CRI Methodology
About GlobalData
Contact Us
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, 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,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, Seasonally Adjusted Annual Rate)
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, Seasonally Adjusted Annual Rate), 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, Seasonally Adjusted Annual Rate)
Figure 28: The US, Construction Put in Place on Water Supply and Sewage and Waste Disposal Infrastructure (US$ Million, Seasonally Adjusted Annual Rate)
Figure 29: The US, Total Communication Construction Put in Place (US$ Million, Seasonally Adjusted Annual Rate)
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, Seasonally Adjusted Annual rate)
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 Construction Output Value by States, 2024 (Nominal, $ Billion)
Figure 41: The US Construction Output Growth Rate by States, (Nominal CAGR, 2025-29)
Figure 42: California, Construction Output Value (Real, $ Billion, 2022 Prices), 2020–29
Figure 43: California, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 44: California, Construction Employment
Figure 45: Florida, Construction Output Value (Real, $ Billion, 2022 Prices), 2020–29
Figure 46: Florida, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 47: Florida, Construction Employment
Figure 48: Texas, Construction Output Value (Real, $ Billion, 2022 Prices), 2020–29
Figure 49: Texas, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 50: Texas, Construction Employment
Figure 51: New York, Construction Output Value (Real, $ Billion, 2022 Prices), 2020–29
Figure 52: New York, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 53: New York, Construction Employment
Figure 54: Pennsylvania, Construction Output Value (Real, $ Billion, 2022 Prices), 2020–29
Figure 55: Pennsylvania, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 56: Pennsylvania, Construction Employment
Figure 57: Georgia, Construction Output Value (Real, $ Billion, 2022 Prices), 2020–29
Figure 58: Georgia, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 59: Georgia, Construction Employment
Figure 60: Illinois, Construction Output Value (Real, $ Billion, 2022 Prices), 2020–29
Figure 61: Illinois, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 62: Illinois, Construction Employment
Figure 63: Ohio, Construction Output Value (Real, $ Billion, 2022 Prices), 2020–29
Figure 64: Ohio, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 65: Ohio, Construction Employment
Figure 66: Washington, Construction Output Value (Real, $ Billion, 2022 Prices), 2020–29
Figure 67: Washington, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 68: Washington, Construction Employment
Figure 69: North Carolina, Construction Output Value (Real, $ Billion, 2022 Prices), 2020–29
Figure 70: North Carolina, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 71: North Carolina, Construction Employment
Figure 72: The US, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 73: The US, Headquarters of Key Consultants (% of Total Project Pipeline)

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