The construction output in the US is forecasted to grow from $2.453 trillion in 2024 to $3.087 trillion in 2028. This represents an average compound annual growth rate (CAGR) of approximately 5.8% over the five-year period. With an actual output in 2023 of just under $2.3 trillion, the industry has been demonstrating strong growth trends since 2024.
Key future trends to watch for include:
- Increased government infrastructure spending.
- Continued urbanization driving demand for commercial and residential projects.
- Adoption of sustainable and green construction practices.
- Impact of potential supply chain disruptions on materials availability and costs.
Latest reports
US Construction Market Report- Q1 2025
The US construction market in Q1 2025 is characterized by both opportunities and challenges, influenced by economic conditions, trade policies, and technological advancements....
China Construction Market Report- Q1 2025
The first quarter of 2025 presents a dynamic period for the construction industry in China, characterized by significant advancements and emerging challenges. The...
Japan Construction Market Report- Q1 2025
In the first quarter of 2025, Japan's construction industry is experiencing significant transformations driven by sustainability, technological integration, and regulatory influences. The market...
Germany Construction Market Report- Q4 2024
In the fourth quarter of 2024, Germany's construction market experienced significant developments influenced by global investments, economic challenges, and strategic shifts. This period...
India Construction Market Report- Q1 2025
The first quarter of 2025 presents a dynamic landscape for the construction market in India, driven by robust activities across residential, commercial, and...
UK Construction Market Report- Q1 2025
The UK construction industry in Q1 2025 demonstrated resilience amidst various economic pressures. Despite challenges such as rising inflation, high interest rates, and...
France Construction Market Report- Q1 2025
The France construction market in Q1 2025 reflects a dynamic interplay of economic, regulatory, and technological factors reshaping the industry's landscape. As France...
Brazil Construction Market Report- Q1 2025
In the first quarter of 2025, the construction sector in Brazil is experiencing dynamic growth fueled by significant infrastructure investments, a shift toward...
Italy Construction Market Report- Q1 2025
The first quarter of 2025 presents a multifaceted landscape for Italy's construction market, influenced by a convergence of economic, regulatory, and technological factors....
South Korea Construction Market Report- Q1 2025
The South Korean construction market in Q1 2025 is navigating a complex landscape shaped by economic challenges, geopolitical tensions, and emerging technological trends....
