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ECA News

ARTICLE

Date ArticleType
12/4/2024 5:00:00 AM Industry News

Experts Cautiously Optimistic for 2025

ConstructConnect recently held a webinar covering "The Construction Economy Outlook: 2025," with several economists offering their insights on the state of the industry, 

 

The five key takeaways included:

  1. Spending is up, but expected to slow in 2025
  2. Manufacturing, warehouses, data centers playing their role in 2024
  3. Labor is still a mixed bag
  4. Bidding is up in the U.S.
  5. Expect to see more hotels, stores, and even military projects in 2025

 

Their overall outlook is that construction spending is expected to grow in 2025, but at a slower rate, and a lack of experienced staff will continue to be a challenge.

 

Click here to read more.

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