Construction Industry Forecast

The largest affordable and co-operative housing development in Niagara is set to… The CIC also plans to enhance training and research initiatives, equipping industry professionals with new technological skills to improve safety, asset management efficiency, and intelligent decision making, thereby injecting sustained momentum into the sustainable development of Hong Kong’s construction industry. “ABC will be utilizing our existing, proven training centers — including instructors, classrooms, lab facilities and tools — that have educated thousands of craft professionals who have gone on to fulfill their career dreams in construction.” Depending upon the type of building, non-residential building construction can be procured by a wide range of private and public organisations, including local authorities, educational and religious bodies, transport undertakings, retailers, hoteliers, property developers, financial institutions and other private companies. The construction industry added 464,000 net new jobs in May, the largest monthly increase in construction jobs since the government began tracking employment in 1939 and a drastic improvement from April, which recorded the industry’s largest month-over-month job loss.

The construction industry continues to be a hotbed of patent innovation. Funding included in the 2026 defense budget will support continued production of the M917A3 Heavy Dump Truck. For decades, the U.S. construction industry has measured safety performance larg…

The CIC will continue to prioritise innovation and technology, deepen the integration of AI, robotics, and low altitude economy into construction, and promote cross sector collaboration and international exchange. Legislative Council Members Hon Elizabeth QUAT and Hon Duncan CHIU also shared the development prospect of LAE and digital tools in Hong Kong in their speeches. The “Conference on Robotics & LAE”, featuring an opening remark by Ir Ricky LAU, Permanent Secretary for Development (Works) of the DEVB, focused on the application and development of robotics in construction. Ms. Bernadette LINN, Secretary for Development of https://viamrkting.com/industries/ the DEVB, said at the Grand Opening Ceremony that the Government’s commitment to innovation and digital transformation has further promoted Hong Kong as an international infrastructure centre, earning us significant global recognition. Meanwhile, the exhibition showcased over 50 technology-related exhibitors from local and overseas markets, presenting solutions in design optimisation, construction safety, site monitoring, asset management, operations and maintenance, and intelligent decision making, comprehensively illustrating how AI is reshaping construction practices.

Treo Group secures $33.25 million construction loan for $125 million Vox Miami mixed-use development

Dodge Data & Analytics released its 2021 Dodge Construction Outlook, a mainstay in construction industry forecasting and business planning. Spending on U.S. construction projects increased 0.9% in November as strength in home building offset weakness in other parts of the construction industry. The https://miamicottages.com/building-facade-design.html Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. Bureau of Labor Statistics, the construction industry lost 61,000 jobs net in February.

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Construction Futures: March 2026 Economic Roundup

Professionals including cost engineers, estimators and quantity surveyors apply expertise to relate the work and materials involved to a proper valuation. Depending on the type of project, mortgage bankers, accountants, and cost engineers may participate in creating an overall plan for the financial management of a construction project. Once construction is complete, any later changes made to a building or other asset that affect safety, including its use, expansion, structural integrity, and fire protection, usually require municipality approval. When applicable, a proposed construction project must comply with local land-use planning policies including zoning and building code requirements. Legal structures integrate design with other activities and enforce financial and other construction processes.

The two-day event (24-25 June) attracted more than 12,000 participants and visits onsite and online, bringing together leading experts from Hong Kong, Chinese Mainland, and overseas to exchange forward looking insights lay a solid foundation for innovation and digital transformation in the industry. U.S. wholesale distribution revenue reached $8.44 trillion in 2025, up 4.8% from 2024, with sector performance varying widely across the industry. “This is MDM’s largest and most challenging research project every year, and that’s because distribution itself is so fragmented, diverse and nuanced,” MDM Executive Mike Hockett said. For privately held companies that do not publicly disclose revenue, MDM estimates relative list position using the best available industry resources and input from sector validators. The 2026 rankings are based on distributors’ 2025 fiscal revenue within each product vertical, using company-supplied data, quarterly fiscal reports, SEC filings, publicly available information and MDM editorial research. MDM has released its 2026 Top Distributors feature — the annual benchmarking resource that ranks North America’s largest wholesale distribution companies across 20 product categories.

The theme for this year’s WIC Week is “Envision Equity” which seeks to raise awareness of opportunities for women to enjoy a wide range of roles in the construction industry, from tradeswomen to project managers to administrative positions, and even business ownership. WIC Week or Women in Construction Week, March 6-12, 2022, celebrates, educates, and promotes the role of women in the construction industry. Through the program, OSHA will conduct heat-related workplace inspections before workers suffer completely preventable injuries, illnesses or, even worse, fatalities. Department of Labor’s Occupational Safety and Health Administration has launched a National Emphasis Program to protect millions of workers from heat illness and injuries.

• The BCIS TPI panel reported that low activity levels are offsetting the inflationary pressures on input costs, with any price increases arising from recent geopolitical developments expected to materialise later rather than immediately.
• Our 2020 engineering and construction industry midyear outlook provides actionable insight.
• The index is shown to lead construction spending for nonresidential buildings by a full year.
• Single-stair reforms allow construction of new residential buildings, typically above three stories, with only one exit stairway.
• Treasury Department data through August 31, and it listed the top-20 largest road projects receiving that funding.

Over 4,000 subscribing consultants, clients and contractors use BCIS products to control costs, manage budgets, mitigate risk and improve project performance. For a sector where financing conditions shape both development decisions and project viability, that represents a significant change in the outlook in a short space of time.’ The BCIS TPI panel reported that low activity levels are offsetting the inflationary pressures on input costs, with any price increases arising from recent geopolitical developments expected to materialise later rather than immediately. BCIS produces five-year construction industry forecasts, covering projected costs, tender prices and output, and examining the latest construction market trends.

South Africa’s Construction Sector Edges Toward Recovery as Job Growth Surges

By signing on to the Million Women in Construction Community Pledge, leaders in the industry are demonstrating an ongoing commitment to increase women’s access to training, jobs, and leadership opportunities. These companies are making an industry-wide call for more companies, unions, and training organizations to sign on to the Pledge. The U.S. Department of Transportation is accepting applications for stage 1 of the Strengthening Mobility and Revolutionizing Transportation grants program, which supports advanced smart community technologies and systems that improve transportation safety and efficiency. Dr. Guszcza officially joins NIBS on July 1, 2024 and brings more than 25 years of experience in the built environment spanning the public, private, and non-profit sectors in the U.S., UK, Europe, Middle East, and Africa.

We focus on companies in large, growing end markets with innovative or disruptive technology where we believe we can support transformational growth. The company’s cloud-based construction estimating and project management tools help homebuilders and remodelers coordinate their projects, communicate better with clients & crews, and control the financials of their jobs. PricewaterhouseCoopers and Kirkland & Ellis LLP served as financial and legal advisors, respectively, to both Bain Capital and HGGC. “We’re thrilled to bring together our complementary approaches and build an even stronger platform with the combined teams’ scale and shared culture of innovation.” Buildertrend clients will also realize cost savings and efficiencies with the integration of CoConstruct’s October 2020 acquisition of CBUSA, the nation’s largest homebuilder group purchasing organization.

Sustained infrastructure investment is crucial, engineers and legislators say

• Bellaman noted the academy leverages ABC’s existing network of roughly 800 training centers nationally while introducing an accelerated model tailored to the needs of data center construction.
• The largest award is a more than $727.5 million modification to Clark Construction Group LLC’s existing contract with the U.S.
• For the 12 months ending March 2026, total construction starts were up 5.4% from the 12 months ending March 2025.
• Private nonresidential construction fell 0.4% and public nonresidential spending remained unchanged from the month before.
• In some cases, the design-build package can also include finding the site, arranging funding and applying for all necessary statutory consents.

The financial structure must be adequate to build the design provided and must pay amounts that are legally owed. The design must be not only structurally sound and appropriate for the use and location, but must also be financially possible to build, and legal to use. Typically, a project is instigated by or with the owner of the property (who may be an individual or an organisation); occasionally, land may be compulsorily purchased from the owner for public use. In 2022, expenditure on the construction industry exceeded $11 trillion a year, equivalent to about 13 percent of global GDP.