Research

2024 U.S. Midyear Construction Update and Reforecast 

Constructing the future

The U.S. construction industry has shown resilience amidst global conflicts leading to stabilized construction costs. However, there are variations in performance between sectors and locations, with some seeing outsized growth and others slowing. The industry is adapting to new patterns of demand and capitalizing on emerging geographic advantages.

This report examines different aspects of the industry, such as its overall well-being, the state of the labor market, the availability of materials, and the associated costs. Each section investigates the progress made so far and offers valuable perspectives on the future direction of these factors.

 

+3% - 5%

US
+4% - 6% 

Canada

  

 

+2% - 6%

US
+3% - 5% 

Canada

  

 

+1% - 2%

US
+3% - 6% 

Canada

  

Download the 2024 U.S. Midyear Construction Outlook

Every section of this report delves into the industry's health, labor market, materials availability, and overall costs. Each discussion analyzes the developments thus far and provides insights into the future trajectory.

Inline PDF of report