ARTICLE
Gilbane recently released it’s latest Market Conditions Report for the second quarter of 2025. The report now includes a regional overview of market conditions and a Supply Chain Spotlight feature focused on unpacking the complex landscape and impacts of tariffs on the construction industry and global construction supply chain. Click here to download the report. Among the key takeaways: Construction spending took a slight dip in March 2025, slipping 0.5% from February. But year-over-year, the industry is gaining ground—March 2025 saw a solid 2.8% increase compared to the same time last year, according to the U.S. Census Bureau. Federal investments and shifts in monetary, tax, and trade policies are set to unlock fresh opportunities over the next five years. Through it all, the construction industry remains a powerhouse of resilience, ready to adapt and thrive. Labor demand is expected to cool in 2025 as major projects under the Inflation Reduction Act, Infrastructure Investment and Jobs Act, and CHIPS Act wrap up. But the momentum won’t slow for long—key elements of the IIJA are projected for reauthorization in 2026, setting the stage for another wave of labor demand.
Gilbane recently released it’s latest Market Conditions Report for the second quarter of 2025. The report now includes a regional overview of market conditions and a Supply Chain Spotlight feature focused on unpacking the complex landscape and impacts of tariffs on the construction industry and global construction supply chain.
Click here to download the report.
Among the key takeaways:
Labor demand is expected to cool in 2025 as major projects under the Inflation Reduction Act, Infrastructure Investment and Jobs Act, and CHIPS Act wrap up. But the momentum won’t slow for long—key elements of the IIJA are projected for reauthorization in 2026, setting the stage for another wave of labor demand.