The US construction output is expected to decrease steadily over the next five years, from a year-on-year growth rate of 4.13 in 2024 to 3.86 in 2028, indicating a downward trend. This change reflects an average annual decline, with the most recent data showing that the previous growth was stronger, at 4.13 in 2024, compared to the expected 3.86 in 2028. The output for 2023 stood at 4.20, which means the market is seeing an overall decline from 2024 onwards. These trends highlight a diminishing construction output on a year-on-year basis.
Future trends to watch for include shifts in demand driven by economic conditions, changes in policy affecting infrastructure spending, innovations in construction technologies, and any fluctuations in material prices which could all impact the sustainability of the forecasted downturn in construction output.
