From uncertain interest rates to a new presidential administration, construction pros are keeping close tabs on key issues that could drive up costs or create new challenges.
Contractors are juggling optimism and unease entering 2025.
From uncertain interest rates to a new presidential administration, construction pros are keeping close tabs on key issues and trends that could drive costs up or create new challenges. They are also watching for new work, as some sectors like infrastructure and data centers are booming while others have gone quiet.
Read on for more about some of the top challenges and opportunities contractors see this year.
Hensel Phelps, Turner, Balfour Beatty and other builders will pilot major overhauls and expansions in the new year. Read the full article ➔
Donald Trump's return to the White House and tight financing conditions are among the trends shaping building activity this year. Here are the most important indicators. Read the full article ➔
The incoming administration promises new policies that could affect permits, materials, labor and project funding. Read the full article ➔
As spending, interest and education around artificial intelligence increases, pressure grows for contractors to either adapt or get left by the wayside. Read the full article ➔
Firms that build multi-year megaprojects may have more success finding construction workers, experts say. Read the full article ➔
Large-scale developments worth billions of dollars are underway across the country as the new year begins. Read the full article ➔
In addition to Oracle and OpenAI's Stargate initiative, Amazon, Meta, Google and other tech giants are building facilities across the country this year. Read the full article ➔
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Competing on price matters, but it is only part of consistently winning work, says consultant Chad Prinkey.
The president is expected to support Biden’s Build America, Buy America and other federal procurement policies that encourage domestic manufacturing.
Get the free daily newsletter read by industry experts
Competing on price matters, but it is only part of consistently winning work, says consultant Chad Prinkey.
The president is expected to support Biden’s Build America, Buy America and other federal procurement policies that encourage domestic manufacturing.
