The construction sector in the US has shown steady growth from 2013 to 2024, with increased construction value added annually. As of 2023, the value stood at $909.16 billion. Year-on-year variations over the past two years were 2.1% in 2022 and 2.02% in 2023, indicating a slight deceleration in growth. The last five years' CAGR was at 2.2%, showing consistent, albeit moderate, growth. From 2024 onwards, forecasted growth is expected to slow down with a five-year CAGR of 1.41%, projecting a total growth rate of 7.24% by 2028.

Future trends to watch for include:

Potential impacts of economic fluctuations and interest rates on construction financing.
Technological advancements in construction methods and materials.
Increasing focus on sustainable and green building practices.
Government infrastructure spending and policy changes.
Labor market dynamics and potential skill shortages in the industry.