Q4 2024 / Q1 2025 Construction Delivery Outlook
We’re here to ensure that you have the most up-to-date information about market trends and conditions. Within this report, you will find data that clarifies the ‘Why’, including the most current market conditions, the observed impact of these conditions, and proactive measures we can take to be fully prepared for what’s to come. This report focuses on the design and construction industries through the most recent data, so that together, we can enter the market better equipped and more confident.
Construction Labor
Construction jobs grew in most U.S. metros, but Phoenix saw a decline, likely due to completed projects. The market is expected to rebound in 2025, while other cities continue to grow despite labor shortages.
Supply Chain
Global events and natural disasters continue to challenge the supply chain, yet signs of recovery and stabilization are emerging. Despite disruptions from wildfires and hurricanes, the supply chain remains resilient, and infrastructure development is expected to drive steady growth through 2028.
Material Costs
Material costs steadied in Q4 2024 due to increased confidence after the Federal Reserve lowered interest rates in September. This stability comes as demand for materials is expected to grow, especially for public infrastructure projects throughout 2025.
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