Construction Sector in the United States
The construction sector is one of the largest and most economically important industries in the United States. It encompasses residential and commercial buildings, industrial facilities, roads and bridges, utilities, transportation infrastructure, energy projects, telecommunications networks, public facilities, remodeling, engineering, and specialized construction services.
Construction is also closely connected to virtually every major part of the U.S. economy. Housing construction affects real estate, mortgage finance, insurance, building materials, furniture and home improvement. Commercial construction supports retail, offices, hotels, healthcare and education. Infrastructure construction supports transportation, energy, water, telecommunications and industrial development.
According to the U.S. Bureau of Labor Statistics (BLS), construction industry output was approximately $1.73 trillion in 2025, measured in chained 2017 dollars, and is projected to reach approximately $1.94 trillion by 2035. BLS projects construction industry employment to continue expanding over the same period.
The sector is therefore expected to remain an important source of investment, employment and economic activity throughout the United States.
Economic Importance of Construction in the United States
Construction represents a major component of U.S. economic activity. It creates physical assets that support other industries while generating demand for millions of workers, suppliers, manufacturers, engineers, architects, contractors and professional-service providers.
Construction spending reached a seasonally adjusted annual rate of approximately $2.16 trillion in July 2026, according to the U.S. Census Bureau. Private construction represented about $1.61 trillion of that annualized amount, while public construction represented approximately $543.4 billion.
July 2026 private construction spending included:
| Construction category | July 2026 annualized spending |
|---|---|
| Total construction | $2.158 trillion |
| Private construction | $1.614 trillion |
| Private residential construction | $859.0 billion |
| Private nonresidential construction | $755.2 billion |
| Public construction | $543.4 billion |
| Public educational construction | $112.3 billion |
| Public highway construction | $150.3 billion |
These figures demonstrate the enormous scale and diversity of the U.S. construction market.
Construction spending includes both new construction and improvements to existing structures. Consequently, the industry is supported not only by new housing and commercial development but also by renovation, modernization, replacement and infrastructure rehabilitation.
Major Segments of the U.S. Construction Industry
The U.S. construction sector can be divided into several major segments.
1. Residential Construction
Residential construction is one of the largest parts of the industry.
It includes:
- Single-family houses
- Multifamily apartment buildings
- Townhouses
- Condominiums
- Senior housing
- Student housing
- Affordable housing
- Manufactured and modular housing
- Residential subdivisions
- Custom homes
- Luxury homes
- Home additions
- Renovation and remodeling
Residential construction is strongly influenced by mortgage rates, household formation, population growth, housing shortages, land availability, building regulations and consumer confidence.
The shortage of housing in many U.S. markets has created long-term demand for new residential development.
2. Single-Family Home Construction
Single-family construction includes detached houses, custom-built homes and homes constructed by large residential developers.
The market includes both mass-market and luxury construction.
Major participants include:
- Residential developers
- Homebuilders
- General contractors
- Custom builders
- Architects
- Structural engineers
- Electrical contractors
- Plumbing contractors
- HVAC contractors
- Roofing companies
- Landscaping companies
- Building-material suppliers
The sector is increasingly adopting energy-efficient building techniques, smart-home technology and prefabricated components.
3. Multifamily Construction
Multifamily construction includes:
- Apartment buildings
- Condominiums
- Mixed-use developments
- Student apartments
- Senior housing
- Affordable housing
- Workforce housing
Multifamily construction is particularly important in metropolitan areas where land prices make detached housing less affordable.
Apartment construction also responds to migration patterns, employment growth, university populations and urban redevelopment.
4. Home Remodeling and Renovation
The construction industry is not limited to new buildings.
A large and highly fragmented market exists for:
- Kitchen remodeling
- Bathroom remodeling
- Roofing
- Flooring
- Painting
- Windows and doors
- Insulation
- HVAC replacement
- Electrical upgrades
- Plumbing
- Basement finishing
- Exterior renovation
- Accessibility modifications
- Energy-efficiency improvements
Remodeling is particularly important because the U.S. has a large and aging housing stock.
Homeowners often renovate instead of moving, especially when mortgage rates make purchasing another property expensive.
5. Commercial Construction
Commercial construction includes buildings used by businesses and institutions.
Important categories include:
- Office buildings
- Retail centers
- Shopping centers
- Restaurants
- Hotels
- Entertainment facilities
- Warehouses
- Distribution centers
- Mixed-use developments
- Corporate campuses
Commercial construction is influenced by business investment, population growth, employment, consumer spending and changes in how businesses use physical space.
6. Office Construction
The U.S. office construction market has undergone significant changes because of hybrid and remote work.
Demand has shifted toward:
- High-quality office space
- Flexible workplaces
- Modern technology infrastructure
- Energy-efficient buildings
- Amenity-rich properties
- Prime urban locations
At the same time, older office buildings face pressure from changing tenant requirements.
This has created opportunities for office-to-residential conversions, although conversion projects can be complicated by building design, zoning, financing and plumbing requirements.
7. Retail Construction
Retail construction includes:
- Shopping centers
- Supermarkets
- Department stores
- Outlet centers
- Neighborhood retail
- Restaurants
- Entertainment venues
- Convenience stores
- Specialty stores
The expansion of e-commerce has changed the role of physical retail buildings.
Many modern retail developments increasingly combine shopping, restaurants, entertainment, residential units and services.
8. Industrial Construction
Industrial construction is one of the most important growth areas in the U.S. market.
It includes:
- Manufacturing plants
- Factories
- Industrial warehouses
- Distribution centers
- Logistics facilities
- Assembly plants
- Research facilities
- Cold-storage facilities
- Semiconductor plants
- Battery factories
The expansion of domestic manufacturing has increased demand for industrial construction.
The reshoring and localization of supply chains are particularly important drivers.
9. Warehouse and Logistics Construction
The growth of e-commerce and modern supply chains has generated substantial demand for warehouses and distribution centers.
Modern logistics facilities increasingly require:
- Large floor areas
- High ceilings
- Automated storage systems
- Loading docks
- Advanced electrical systems
- Robotics infrastructure
- Refrigeration
- Security systems
- High-speed telecommunications
- Transportation access
Distribution centers are often located near major highways, airports, ports and population centers.
10. Data Center Construction
Data center construction has become one of the most strategically important emerging areas of U.S. construction.
Demand is being driven by:
- Cloud computing
- Artificial intelligence
- Machine learning
- Streaming
- Enterprise software
- Digital services
- Big data
- Cryptocurrency infrastructure
- Telecommunications
Data centers require substantial investment in:
- Electrical infrastructure
- Backup power
- Cooling systems
- Fiber-optic networks
- Security
- Fire protection
- Specialized mechanical systems
The rapid growth of artificial intelligence is creating additional demand for large-scale computing infrastructure.
11. Infrastructure Construction
Infrastructure is one of the most important long-term markets for U.S. construction companies.
It includes:
- Highways
- Roads
- Bridges
- Tunnels
- Airports
- Ports
- Railways
- Public transit
- Water systems
- Wastewater systems
- Dams
- Flood-control infrastructure
Infrastructure projects often involve federal, state and local governments.
They can also create long-term contracts for engineering, construction, maintenance and specialized contractors.
12. Highway, Road and Bridge Construction
Transportation infrastructure represents a major part of public construction.
Construction companies work on:
- Interstate highways
- State highways
- Local roads
- Bridges
- Interchanges
- Tunnels
- Pedestrian infrastructure
- Bicycle infrastructure
- Traffic systems
According to the Census Bureau, public highway construction spending was running at an annualized rate of approximately $150.3 billion in July 2026.
13. Utility Construction
Utility construction includes infrastructure needed to deliver essential services.
Major categories include:
- Electricity
- Natural gas
- Water
- Wastewater
- Telecommunications
- Fiber-optic networks
- Renewable energy
- Transmission lines
- Distribution networks
BLS projects utility-system construction employment to increase from approximately 619,900 in 2025 to 651,700 in 2035. Power and communication line construction is projected to grow by approximately 7.2% during that period.
14. Energy Construction
Energy infrastructure is creating significant opportunities for construction companies.
Projects include:
- Solar farms
- Wind farms
- Battery-storage facilities
- Natural-gas infrastructure
- Electrical substations
- Transmission lines
- Power plants
- Energy storage
- Grid modernization
The transition toward a more diversified U.S. energy system requires extensive investment in generation, transmission and distribution infrastructure.
15. Renewable Energy Construction
Renewable energy construction includes:
- Solar installations
- Utility-scale solar farms
- Wind farms
- Offshore wind projects
- Battery storage
- Renewable-energy infrastructure
- Microgrids
Construction companies increasingly work together with engineering firms, energy developers and equipment manufacturers.
16. Healthcare Construction
Healthcare construction is another specialized and high-value segment.
It includes:
- Hospitals
- Medical centers
- Clinics
- Surgical centers
- Laboratories
- Diagnostic facilities
- Rehabilitation centers
- Senior-care facilities
Healthcare buildings require specialized mechanical, electrical, plumbing, ventilation and safety systems.
The aging U.S. population and expansion of healthcare services can support long-term demand for healthcare-related construction.
17. Education Construction
Educational construction includes:
- Elementary schools
- High schools
- Universities
- Community colleges
- Laboratories
- Student housing
- Sports facilities
- Libraries
Public education construction represented approximately $112.3 billion at a seasonally adjusted annual rate in July 2026, according to the Census Bureau.
Renovation and modernization of older school buildings also represent important opportunities.
18. Hotel and Hospitality Construction
Hospitality construction includes:
- Hotels
- Resorts
- Motels
- Convention centers
- Casinos
- Restaurants
- Vacation properties
Tourism growth, business travel and redevelopment of older hospitality properties influence this market.
Luxury hotels and resorts often require highly specialized architectural and construction services.
19. Government and Public Construction
Public construction represents a major component of the American construction industry.
Government projects include:
- Government offices
- Schools
- Courthouses
- Police stations
- Fire stations
- Military facilities
- Airports
- Roads
- Bridges
- Water systems
- Public parks
Public projects can provide relatively long-term opportunities for contractors capable of meeting government procurement requirements.
20. Specialty Trade Contractors
Specialty contractors are essential to virtually every construction project.
Major specialties include:
- Electrical contractors
- Plumbing contractors
- HVAC contractors
- Roofing contractors
- Concrete contractors
- Masonry contractors
- Carpentry
- Drywall
- Painting
- Flooring
- Glazing
- Insulation
- Excavation
- Landscaping
- Fire protection
- Elevator installation
- Security systems
The specialty-trade segment is highly fragmented and contains a large number of small and medium-sized businesses.
Construction Employment in the United States
Construction is one of the country’s major sources of employment.
BLS reported approximately 8.36 million construction industry jobs in August 2026 in its employment statistics, with construction employment increasing by about 22,000 during the month.
Construction and extraction occupations alone represented approximately 6.4 million jobs in May 2025. The largest occupations included construction laborers and first-line supervisors of construction trades and extraction workers.
Important construction occupations include:
- Construction laborers
- Carpenters
- Electricians
- Plumbers
- Pipefitters
- HVAC technicians
- Operating engineers
- Equipment operators
- Welders
- Bricklayers
- Roofers
- Ironworkers
- Construction managers
- Civil engineers
- Architects
- Surveyors
- Estimators
- Project managers
- Safety managers
The industry also generates employment indirectly through manufacturers and suppliers of construction materials and equipment.
Construction Industry Employment Outlook
BLS’s latest industry projections show continued growth across several construction categories.
| Construction segment | Employment 2025 | Projected 2035 | Growth |
|---|---|---|---|
| Construction of buildings | 1.855 million | 1.943 million | 4.7% |
| Residential building construction | 931,000 | 965,000 | 3.7% |
| Nonresidential building construction | 925,000 | 978,000 | 5.8% |
| Heavy & civil engineering construction | 1.183 million | 1.236 million | 4.4% |
| Utility-system construction | 620,000 | 652,000 | 5.1% |
| Power & communication lines | 249,000 | 266,000 | 7.2% |
| Highway, street & bridge construction | 383,000 | 397,000 | 3.8% |
The figures indicate particularly strong long-term opportunities in infrastructure, utilities, communications and nonresidential construction.
Construction Materials Industry
Construction depends on an enormous supply chain.
Major materials include:
- Cement
- Concrete
- Steel
- Aluminum
- Lumber
- Glass
- Brick
- Stone
- Asphalt
- Insulation
- Roofing materials
- Drywall
- Pipes
- Electrical equipment
- Plumbing equipment
- Windows
- Doors
- Flooring
The construction supply chain connects contractors with manufacturers, wholesalers, distributors and retailers.
Changes in commodity prices can have a significant effect on project costs.
Construction Equipment Market
Modern construction depends heavily on machinery.
Important equipment includes:
- Excavators
- Bulldozers
- Cranes
- Loaders
- Backhoes
- Forklifts
- Concrete pumps
- Asphalt equipment
- Drilling equipment
- Compactors
- Scaffolding
- Aerial lifts
Equipment rental has become an important part of the industry because contractors can obtain expensive machinery without purchasing and maintaining entire fleets.
Technology and Digital Transformation
Technology is changing the construction industry.
Modern construction companies increasingly use:
- Building Information Modeling (BIM)
- Computer-aided design
- Drones
- GPS surveying
- Construction-management software
- Cloud platforms
- Digital project management
- Digital estimating
- Artificial intelligence
- Robotics
- 3D printing
- Internet of Things devices
- Digital twins
These technologies can improve project planning, cost control, safety and productivity.
Artificial Intelligence in Construction
Artificial intelligence is emerging as an important construction technology.
Potential applications include:
- Cost estimation
- Project scheduling
- Risk analysis
- Design optimization
- Construction-site monitoring
- Predictive maintenance
- Safety monitoring
- Document processing
- Procurement
- Resource planning
- Quality control
AI can analyze large quantities of project data and identify potential problems before they become expensive.
Building Information Modeling
Building Information Modeling, or BIM, allows architects, engineers and contractors to work with detailed digital representations of buildings and infrastructure.
BIM can help coordinate:
- Structural systems
- Electrical systems
- Plumbing
- HVAC
- Architecture
- Mechanical systems
It can reduce conflicts between different trades and improve project coordination.
Modular and Prefabricated Construction
Prefabrication is becoming increasingly important.
Instead of manufacturing every component directly at the construction site, companies can produce components in controlled factory environments.
Advantages can include:
- Faster construction
- Reduced waste
- More consistent quality
- Better worker safety
- Improved cost control
Modular construction is particularly relevant to housing, hotels, healthcare facilities and commercial buildings.
Green Construction
Environmental considerations are becoming increasingly important.
Green construction focuses on:
- Energy efficiency
- Water conservation
- Low-carbon materials
- Renewable energy
- Efficient HVAC
- Improved insulation
- Sustainable building materials
- Waste reduction
- Efficient lighting
- Building-performance monitoring
Energy-efficient buildings can reduce operating costs while helping owners meet environmental requirements.
Smart Buildings
Smart-building technology combines construction with digital systems.
Modern buildings can include:
- Smart lighting
- Automated HVAC
- Building-management systems
- Security systems
- Energy monitoring
- Smart access controls
- Sensors
- Automated maintenance systems
- Occupancy monitoring
The construction industry is therefore increasingly connected to the technology and software sectors.
Construction Safety
Construction remains a physically demanding industry, and worker safety is a major concern.
Common hazards include:
- Falls
- Heavy machinery
- Electrical hazards
- Trench collapses
- Falling objects
- Exposure to hazardous materials
- Heat
- Noise
- Dust
- Confined spaces
Companies invest heavily in:
- Safety training
- Protective equipment
- Site inspections
- Fall protection
- Equipment training
- Risk management
- Safety-management software
Safety performance is increasingly important for contractors seeking major commercial and government contracts.
Major Challenges Facing the U.S. Construction Sector
Despite its enormous economic importance, construction faces several challenges.
Labor Shortages
Finding qualified workers remains a major issue.
Demand for:
- Electricians
- Plumbers
- Welders
- Carpenters
- Equipment operators
- Construction managers
- Engineers
can exceed the available workforce in many markets.
The retirement of experienced tradespeople makes workforce replacement particularly important.
Material Costs
Prices for construction materials can fluctuate significantly.
Steel, lumber, concrete, electrical equipment and other materials can affect project budgets.
Contractors therefore increasingly rely on:
- Long-term supplier relationships
- Bulk purchasing
- Hedging strategies
- Alternative materials
- Detailed cost forecasting
Interest Rates and Financing
Construction is highly sensitive to financing conditions.
Higher interest rates can reduce:
- Housing demand
- Commercial development
- Real estate investment
- Construction financing
- New building projects
Lower financing costs can stimulate development.
Land Costs
Land prices are a major constraint, particularly in large metropolitan areas.
High land costs can make new housing and commercial development more expensive.
Developers increasingly consider:
- Urban infill
- Mixed-use development
- Higher-density housing
- Brownfield redevelopment
- Transit-oriented development
Permitting and Regulation
Construction projects often require numerous approvals.
These can include:
- Zoning approval
- Building permits
- Environmental approvals
- Fire-safety approvals
- Utility approvals
- Transportation approvals
Lengthy approval processes can increase development costs and project timelines.
Regional Construction Markets in the United States
The U.S. construction industry varies considerably by region.
Northeast
The Northeast has a large market for:
- Urban redevelopment
- Infrastructure
- Multifamily housing
- Healthcare
- Education
- Renovation
Older buildings create strong demand for modernization and rehabilitation.
Southeast
The Southeast has experienced significant population and economic growth.
Markets in states such as Florida, Georgia, North Carolina, South Carolina and Tennessee have attracted residential, industrial and commercial development.
Texas
Texas has a major construction industry supported by:
- Population growth
- Energy
- Manufacturing
- Technology
- Data centers
- Logistics
- Housing
Houston, Dallas-Fort Worth, Austin and San Antonio are important construction markets.
Midwest
The Midwest has opportunities in:
- Manufacturing
- Industrial facilities
- Infrastructure
- Warehousing
- Housing
- Agricultural facilities
The expansion of domestic manufacturing is particularly relevant to industrial construction.
West
Western states have substantial construction activity associated with:
- Technology
- Data centers
- Housing
- Renewable energy
- Infrastructure
- Commercial development
California remains one of the largest construction markets in the country, while Arizona, Nevada, Colorado, Utah and other Western states have experienced substantial development.
Construction and Infrastructure Investment
Infrastructure modernization is expected to remain an important source of construction demand.
The United States requires continuous investment in:
- Roads
- Bridges
- Water infrastructure
- Airports
- Ports
- Electrical grids
- Telecommunications
- Public buildings
- Transportation systems
Infrastructure projects can generate demand for engineering firms, general contractors, specialty contractors, equipment suppliers and construction-material manufacturers.
Construction Business Opportunities
The U.S. construction industry provides opportunities for both large corporations and small businesses.
Potential opportunities include:
Residential Construction
- Custom homebuilding
- Multifamily development
- Remodeling
- Roofing
- Flooring
- Landscaping
Commercial Construction
- Office renovation
- Retail construction
- Restaurants
- Hotels
- Mixed-use developments
Infrastructure
- Roads
- Bridges
- Utilities
- Water systems
- Telecommunications
Technology
- Construction software
- AI
- BIM
- Drones
- Robotics
- Digital surveying
Energy
- Solar
- Wind
- Battery storage
- Grid infrastructure
Specialized Services
- Electrical
- Plumbing
- HVAC
- Fire protection
- Security
- Environmental services
The Role of Construction Companies
Construction companies operate at different scales.
Large Contractors
Large contractors frequently work on:
- Airports
- Highways
- Hospitals
- Industrial plants
- Large commercial buildings
- Government projects
They typically have significant financial resources and sophisticated project-management capabilities.
Small and Medium Contractors
Small and medium-sized contractors dominate many local markets.
They commonly specialize in:
- Residential construction
- Remodeling
- Roofing
- Plumbing
- Electrical
- HVAC
- Painting
- Concrete
- Landscaping
These companies are particularly important for local construction economies.
Construction Management
Construction management is increasingly professionalized.
Construction managers coordinate:
- Budgets
- Scheduling
- Contractors
- Materials
- Labor
- Permits
- Safety
- Quality
- Client communication
Large projects may involve dedicated project managers, cost managers, engineers, safety officers and procurement teams.
General Contractors
General contractors are responsible for coordinating multiple trades and subcontractors.
They may manage:
- Project scheduling
- Procurement
- Site management
- Subcontractors
- Building inspections
- Safety
- Quality
- Budget management
General contractors are central to both commercial and residential construction.
Architects and Engineers
Construction projects require professional design and engineering services.
Important disciplines include:
- Architecture
- Civil engineering
- Structural engineering
- Mechanical engineering
- Electrical engineering
- Environmental engineering
- Geotechnical engineering
These professionals design buildings and infrastructure and ensure compliance with technical standards.
Construction Finance
Construction projects require significant capital.
Funding can come from:
- Banks
- Construction lenders
- Private equity
- Real estate investment firms
- Government programs
- Institutional investors
- Developers
- Insurance companies
Financing costs can significantly influence project feasibility.
Construction Insurance
Insurance is an important part of construction risk management.
Common coverage includes:
- General liability
- Workers’ compensation
- Builder’s risk
- Commercial auto
- Professional liability
- Equipment insurance
- Contractor’s insurance
Large construction projects may involve extensive insurance requirements.
Future of the U.S. Construction Sector
The long-term outlook for construction remains broadly positive, although growth will vary among market segments.
Several trends are likely to influence the industry during the next decade.
1. Housing Demand
Population and household growth will continue creating demand for new housing in many regions.
2. Infrastructure Modernization
Roads, bridges, utilities and public infrastructure require ongoing investment.
3. Manufacturing Investment
Expansion of domestic manufacturing can support factories, warehouses and industrial infrastructure.
4. Data Centers
Cloud computing and artificial intelligence are generating substantial demand for data-center construction.
5. Energy Infrastructure
Electricity generation, transmission, storage and distribution require significant construction investment.
6. Aging Buildings
Older buildings require renovation, modernization and replacement of outdated systems.
7. Construction Technology
AI, BIM, robotics, drones and digital project-management systems will continue transforming construction processes.
8. Sustainability
Energy-efficient and environmentally responsible construction is expected to become increasingly important.
U.S. Construction Sector: Key Statistics
| Indicator | Latest figure |
|---|---|
| Construction industry output, 2025 | $1.726 trillion |
| Projected construction output, 2035 | $1.940 trillion |
| Construction industry employment, August 2026 | 8.36 million |
| Total construction spending, July 2026 annual rate | $2.158 trillion |
| Private construction spending, July 2026 annual rate | $1.614 trillion |
| Private residential construction | $859.0 billion |
| Private nonresidential construction | $755.2 billion |
| Public construction | $543.4 billion |
| Public highway construction | $150.3 billion |
| Public educational construction | $112.3 billion |
Sources: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Construction Industry Categories for a U.S. Business Directory
A business directory covering the U.S. construction sector can organize companies into categories such as:
- General Contractors
- Residential Construction
- Commercial Construction
- Industrial Construction
- Home Builders
- Custom Home Builders
- Apartment Construction
- Remodeling Contractors
- Roofing Contractors
- Electrical Contractors
- Plumbing Contractors
- HVAC Contractors
- Concrete Contractors
- Excavation Contractors
- Demolition Contractors
- Flooring Contractors
- Painting Contractors
- Carpentry Contractors
- Masonry Contractors
- Landscaping Contractors
- Steel Contractors
- Glass Contractors
- Insulation Contractors
- Solar Contractors
- Energy Contractors
- Infrastructure Contractors
- Highway Contractors
- Bridge Contractors
- Utility Contractors
- Water and Sewer Contractors
- Telecommunications Construction
- Data Center Construction
- Warehouse Construction
- Manufacturing Facility Construction
- Hotel Construction
- Healthcare Construction
- School Construction
- Construction Management
- Architecture Firms
- Engineering Firms
- Surveying Companies
- Construction Equipment Rental
- Building Material Suppliers
- Construction Software
- Construction Safety Services
- Construction Insurance
- Construction Financing
- Real Estate Development
- Environmental Construction Services
- Prefabricated and Modular Construction
Conclusion
The construction sector is fundamental to the U.S. economy because it creates the buildings and infrastructure required by households, businesses and government.
The industry encompasses far more than traditional homebuilding. It includes residential development, commercial buildings, industrial facilities, warehouses, data centers, hospitals, schools, highways, bridges, utilities, telecommunications infrastructure, energy projects and specialized construction services.
Current data demonstrate the scale of the sector. U.S. construction spending was running at more than $2.15 trillion annually on a seasonally adjusted basis in July 2026, while BLS estimates construction industry output at approximately $1.73 trillion in 2025 and projects it to approach $1.94 trillion by 2035.
The future of American construction will be shaped by housing demand, infrastructure modernization, domestic manufacturing, data-center investment, energy infrastructure, technological innovation and the need to modernize aging buildings and public facilities.
At the same time, labor shortages, material costs, financing conditions, permitting, land prices and project complexity will remain important challenges.
Overall, construction is likely to remain one of the United States’ most important economic sectors. Its combination of essential infrastructure, housing demand, technological innovation and large-scale private and public investment makes it a major source of employment and business opportunities for decades to come.