US Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2030 (Q3 2026)

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Published: September 30, 2026 Report Code: GDCN1928MR-ST

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Explore the future of the US construction industry with GlobalData’s US Construction Market Analysis report. Analyze construction market forecasts, infrastructure investment, residential construction growth, semiconductor manufacturing projects, renewable energy infrastructure, mega-project pipelines, and state-level opportunities through 2030. Gain insight into US construction trends, project pipelines, FDI inflows, contractor activity, and infrastructure spending shaping the construction sector.

GlobalData has revised down its forecast for the US construction industry, from growth of 0.6% in 2026 in the Q2 2026 update to a decline of 0.9% in real terms in the Q3 2026 update. This follows a 1.3% contraction in 2025, making 2026 the second consecutive year of decline. According to the US Census Bureau, the value of construction put in place fell year on year (YoY) in July 2026 for the 12th consecutive month. The weakness is concentrated in residential, industrial and private commercial buildings, while power, data center and federally funded civil engineering construction continue to expand. Excluding data centers and related power generation, construction activity is contracting at its fastest rate since the end of the housing boom in 2006.

GlobalData expects the industry to recover and register an average annual growth rate of 2.1% between 2027 and 2030, supported by investment in data centers, power and transport infrastructure. Data center output is forecast to rise from $55.9 billion in 2026 to $94.6 billion in 2030, an average annual growth rate of 14.1%. The US Energy Information Administration (EIA) expects electricity demand to rise from 4,195 billion kWh in 2025 to 4,391 billion kWh in 2027. Projects to meet this demand include the Department of Energy’s $100 billion Paducah Site partnership, announced in late July 2026, which combines 1.8GW of artificial intelligence and high-performance computing capacity with 2.6GW of battery storage and a 2GW gas-fired power plant. Transport projects are also advancing, after court rulings restored federal support for the $16 billion Hudson Tunnel Project and the $5.7 billion Red Line extension in Chicago.

GlobalData’s Construction in the US and Key States – Key Trends and Opportunities to 2030 (Q3 2026) report provides detailed market analysis, information, and insights into the US’s construction industry, including:
• The US’s construction industry's growth prospects by market, project type and construction activity
• Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the US’s construction industry
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in the US. It provides:

• Historical (2021–2025) and forecast (2026–2030) valuations of the construction industry in the US, featuring details of key growth drivers.

• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector

• Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.

• Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies

Assess market growth potential at a micro-level with over 600 time-series data forecasts

Understand the latest industry and market trends

Formulate and validate business strategies using GlobalData's critical and actionable insight

Assess business risks, including cost, regulatory and competitive pressures

Evaluate competitive risk and success factors

Table of Contents

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.3 Demographics

3.4 Risk Profile

4 Construction Outlook

4.1 All Construction

– Outlook

– Latest news and developments

– Construction Projects Momentum Index

4.2 Commercial Construction

– Outlook

– Project analytics

– Latest news and developments

4.3 Industrial Construction

– Outlook

– Project analytics

– Latest news and developments

4.4 Infrastructure Construction

– Outlook

– Project analytics

– Latest news and developments

4.5 Energy and Utilities Construction

– Outlook

– Project analytics

– Latest news and developments

4.6 Institutional Construction

– Outlook

– Project analytics

– Latest news and developments

4.7 Residential Construction

– Outlook

– Project analytics

– Latest news and developments

5 Construction in Key US States

5.1 California

– Outlook

– Latest news and developments

5.2 Florida

– Outlook

– Latest news and developments

5.3 Texas

– Outlook

– Latest news and developments

5.4 New York

– Outlook

– Latest news and developments

5.5 Pennsylvania

– Outlook

– Latest news and developments

5.6 Georgia

– Outlook

– Latest news and developments

5.7 Illinois

– Outlook

– Latest news and developments

5.8 Ohio

– Outlook

– Latest news and developments

5.9 Washington

– Outlook

– Latest news and developments

5.1 North Carolina

– Outlook

– Latest news and developments

6 Key Industry Participants

6.1 Contractors

6.2 Consultants

7 Construction Market Data

8 Appendix

8.1 What is this Report About?

8.2 Definitions

8.3 CRI Methodology

About GlobalData

Contact Us

Table

Table 1: Construction Industry Key Data

Table 2: The US, Key Economic Indicators

Table 3: The US, Producer Price Index for Construction Materials and Buildings, YoY % Change

Table 4: The US, Commercial Construction Output by Project Type (Real % Change), 2021–30

Table 5: The US, Top Commercial Construction Projects by Value

Table 6: The US, Industrial Construction Output by Project Type (Real % Change), 2021–30

Table 7: The US, Top Industrial Construction Projects by Value

Table 8: The US, Infrastructure Construction Output by Project Type (Real % Change), 2021–30

Table 9: The US, Top Infrastructure Construction Projects by Value

Table 10: The US, Energy and Utilities Construction Output by Project Type (Real % Change), 2021–30

Table 11: The US, Top Energy and Utilities Construction Projects by Value

Table 12: The US, Institutional Construction Output by Project Type (Real % Change), 2021–30

Table 13: The US, Top Institutional Construction Projects by Value

Table 14: The US, Residential Construction Output by Project Type (Real % Change), 2021–30

Table 15: The US, Top Residential Construction Projects by Value

Table 16: California, Construction Output by Sector (Nominal $ Billion), 2021–30

Table 17: California, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2021–30

Table 18: Florida, Construction Output by Sector (Nominal $ Billion), 2021–30

Table 19: Florida, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2021–30

Table 20: Texas, Construction Output by Sector (Nominal $ Billion), 2021–30

Table 21: Texas, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2021–30

Table 22: New York, Construction Output by Sector (Nominal $ Billion), 2021–30

Table 23: New York, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2021–30

Table 24: Pennsylvania, Construction Output by Sector (Nominal $ Billion), 2021–30

Table 25: Pennsylvania, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2021–30

Table 26: Georgia, Construction Output by Sector (Nominal $ Billion), 2021–30

Table 27: Georgia, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2021–30

Table 28: Illinois, Construction Output by Sector (Nominal $ Billion), 2021–30

Table 29: Illinois, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2021–30

Table 30: Ohio, Construction Output by Sector (Nominal $ Billion), 2021–30

Table 31: Ohio, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2021–30

Table 32: Washington, Construction Output by Sector (Nominal $ Billion), 2021–30

Table 33: Washington, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2021–30

Table 34: North Carolina, Construction Output by Sector (Nominal $ Billion), 2021–30

Table 35: North Carolina, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2021–30

Table 36: The US, Key Contractors

Table 37: The US, Key Consultants

Table 38: The US Construction Output Value (Real, $ Billion)

Table 39: The US Construction Output Value (Nominal, $ Billion)

Table 40: GlobalData Construction Market Definitions

Table 41: GlobalData Construction Risk Index Dimensions41

Table 42: Ratings, Scores and Definitions

Figures

Figure 1: North America, Construction Output (Real % Change), 2024–30

Figure 2: The US, Construction Output by Sector (Real % Change), 2024–26 and 2027–30

Figure 3: The US, Risk Summary

Figure 4: The US, Risk Regional Comparison

Figure 5: The US, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021–30

Figure 6: The US, Construction Output Value, by Sector (Real, $ Million), 2021–30

Figure 7: The US, Value of Construction Put in Place ($ Billion, Seasonally Adjusted Annual Rate), YoY % Change

Figure 8: The US, Number of People Employed in the Construction Industry, In Thousands

Figure 9: The US, Construction Projects Momentum Index

Figure 10: North America, Construction Projects Momentum Index

Figure 11: The US, Commercial Construction Output by Project Type (Real, $ Million), 2021–30

Figure 12: The US, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 13: The US, Value of Lodging, Office, and Commercial Construction Put in Place ($ Billion, Seasonally Adjusted Annual Rate), YoY % Change

Figure 14: The US, Total International Tourist Arrivals

Figure 15: The US, Total Retail Sales Value (In $ Billion, Seasonally Adjusted, in Nominal Terms)

Figure 16: The US, Value of Private Data Center Construction Put in Place ($ Billion, Seasonally Adjusted Annual Rate), YoY % Change

Figure 17: The US, Industrial Construction Output by Project Type (Real, $ Million), 2021–30

Figure 18: The US, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 19: The US, Value of Manufacturing Construction Put in Place ($ Billion, Seasonally Adjusted Annual Rate), YoY % Change

Figure 20: The US, Industrial and Manufacturing Production Indices (in % YoY Change at 2017=100, Seasonally Adjusted)

Figure 21: The US, Total Exports ($ Billion, Seasonally Adjusted)

Figure 22: The US, New Manufacturing Orders ($ Billion, Seasonally Adjusted)

Figure 23: The US, Infrastructure Construction Output by Project Type (Real, $ Million), 2021–30

Figure 24: The US, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 25: The US, Total Transportation Construction Put in Place ($ Million, Seasonally Adjusted Annual Rate), YoY % Change

Figure 26: The US, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2021–30

Figure 27: The US, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 28: The US, Total Power Construction Put in Place ($ Million, Seasonally Adjusted Annual Rate)

Figure 29: The US, Construction Put in Place on Water Supply and Sewage and Waste Disposal Infrastructure ($ Million, Seasonally Adjusted Annual Rate)

Figure 30: The US, Total Communication Construction Put in Place ($ Million, Seasonally Adjusted Annual Rate)

Figure 31: The US, Institutional Construction Output by Project Type (Real, $ Million), 2021–30

Figure 32: The US, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 33: The US, Total Educational, Healthcare, Public Safety and Religious Buildings Construction Value Put in Place ($ Billion, Seasonally Adjusted Annual Rate)

Figure 34: The US, Residential Construction Output by Project Type (Real, $ Million), 2021–30

Figure 35: The US, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 36: The US, Total Residential Construction Value Put in Place (US$ Million, Seasonally Adjusted Annual rate)

Figure 37: The US, Total New Housing Units Permit Authorized (Seasonally Adjusted Annual Rate, In Thousand)

Figure 38: The US, Housing Starts (Unadjusted), In Thousands

Figure 39: The US, New Home Sales, in Thousands, In Seasonally Adjusted

Figure 40: The US, Price Index of New Single-Family Houses Under Construction (2005=100)

Figure 41: The US, Price Index of Multi-Family Houses Under Construction (2005=100)

Figure 42: The US Construction Output Value by States, 2025 (Nominal, $ Billion)

Figure 43: The US Construction Output Growth Rate by States, (Nominal CAGR, 2026-30)

Figure 44: California, Construction Output Value (Real, $ Billion, 2022 Prices), 2021–30

Figure 45: California, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)

Figure 46: California, Construction Employment

Figure 47: Florida, Construction Output Value (Real, $ Billion, 2022 Prices), 2021–30

Figure 48: Florida, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)

Figure 49: Florida, Construction Employment

Figure 50: Texas, Construction Output Value (Real, $ Billion, 2022 Prices), 2021–30

Figure 51: Texas, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)

Figure 52: Texas, Construction Employment

Figure 53: New York, Construction Output Value (Real, $ Billion, 2022 Prices), 2021–30

Figure 54: New York, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)

Figure 55: New York, Construction Employment

Figure 56: Pennsylvania, Construction Output Value (Real, $ Billion, 2022 Prices), 2021–30

Figure 57: Pennsylvania, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)

Figure 58: Pennsylvania, Construction Employment

Figure 59: Georgia, Construction Output Value (Real, $ Billion, 2022 Prices), 2021–30

Figure 60: Georgia, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)

Figure 61: Georgia, Construction Employment

Figure 62: Illinois, Construction Output Value (Real, $ Billion, 2022 Prices), 2021–30

Figure 63: Illinois, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)

Figure 64: Illinois, Construction Employment

Figure 65: Ohio, Construction Output Value (Real, $ Billion, 2022 Prices), 2021–30

Figure 66: Ohio, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)

Figure 67: Ohio, Construction Employment

Figure 68: Washington, Construction Output Value (Real, $ Billion, 2022 Prices), 2021–30

Figure 69: Washington, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)

Figure 70: Washington, Construction Employment

Figure 71: North Carolina, Construction Output Value (Real, $ Billion, 2022 Prices), 2021–30

Figure 72: North Carolina, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)

Figure 73: North Carolina, Construction Employment

Figure 74: The US, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 75: The US, Headquarters of Key Consultants (% of Total Project Pipeline)

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