Forecasted US construction output is expected to decrease steadily from 4.13% in 2024 to 3.86% in 2028, continuing a downward trend. The year-on-year percentage changes show a decline of approximately -1.69% from 2024 to 2025, -1.72% from 2025 to 2026, -1.75% from 2026 to 2027, and -1.53% from 2027 to 2028. This consistent decline over the years reflects a challenging environment in the construction sector.
Trends to watch for in the future include:
- Impact of interest rates and financial policies on construction financing.
- Supply chain disruptions and their implications on material costs.
- Advances in construction technology and sustainable building practices.
- Shifts in market demand due to changing demographic and economic conditions.
