While some sectors like institutional and infrastructure remain stable, overall construction activity is likely to come under pressure as commercial and residential building face mounting challenges. The Bureau of Economic Analysis (BEA) has released its advance estimate for the first quarter of 2025, revealing that real gross domestic product (GDP) decreased at an annual rate of 0.3%. This marks the first contraction in GDP since early 2022 and a notable reversal from the 2.4% growth recorded in the fourth quarter of 2024.
