2025 North American Engineering and Construction Overview: First Quarter
The built environment is entering a transformative era, shaped by rapid technological advancements, shifting economic dynamics and an evolving regulatory landscape. From the rise of AI-driven tools to the increasing demand for sustainable solutions, the forces driving change are vast, complex and interconnected. Given the shifts in the industry, our latest report features new forecasts for data centers (a subset of office construction) and warehouses (a subset of commercial construction) to help you better understand spending trends.
Other key takeaways:
- FMI forecasts 2% growth in 2025 overall construction spending due to stabilization among several of the strongest segments and continued mixed performance in other sectors. Nonbuilding structures are expected to continue to lead industry growth into 2025 and 2026.
- Single-family residential and residential improvements, the two largest industry segments, are expected to expand further in 2025, but at slower and more stable rates compared to 2024.
Watch Jay Bowman's latest video for insights and analyses on our forecasts for 2025 and beyond.