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2026 North American Engineering and Construction Overview: First Quarter

Total U.S. construction put in place is estimated to decline 1% in 2025, then in 2026 rise 1% to $2.2 trillion. Growth across sectors remains uneven, with data centers and infrastructure work offsetting softer cyclical building segments including multifamily, lodging, commercial, traditional office, amusement and recreation, and manufacturing.

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The Ownership Clock is Running Out

Many E&C firms delay ownership transition planning, leading to compressed timelines, higher risk and fewer options. FMI data shows most owners lack a formal plan, even though successful transitions require years of coordinated preparation. Explore how starting earlier can protect value and expand your options.

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Strategic Positioning in a Steadying Market: 2026 Construction Materials Outlook

FMI’s 2026 Construction Materials Outlook points to a steadying market supported by firm pricing, improving operating conditions and durable public and private demand. M&A activity remains active but disciplined, with companies focused on strategic positioning, asset quality and long-term fundamentals rather than short-term growth.

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