From residential, commercial and infrastructure to equipment and tool rental, Chris Fisher, managing principal at Ducker Carlisle, shares a forecast of trends in construction for 2025.
National nonresidential construction spending decreased 0.1% in April, according to an Associated Builders and Contractors analysis of data published recently by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.248 trillion.
The Council on Environmental Quality’s recent rescission of the National Environmental Policy Act Implementing Regulations signals a shift in federal permitting processes for development projects. This regulatory change, effective as of April 11, impacts environmental reviews nationwide and sets the stage for potentially streamlined development approval timelines.
Associated Builders and Contractors reported recently that its Construction Backlog Indicator rose to a 20-month high of 8.7 months in April, according to an ABC member survey conducted April 22 to May 6. The reading is up 0.3 months since April 2024.
Backlog has increased significantly over the past year for contractors with greater than $100 million in annual revenues. While backlog has also risen modestly for the smallest contractors, it is down on an annual basis for those with $30 million to $100 million in annual revenues.
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