U.S. construction economists forecast malaise; power projects, data centres to defy the trend
Construct Connect Canada
AI Article Summary
U.S. construction economists predict a stagnation in the sector, with a potential decline in the medium term. Overall construction spending decreased by three percent from July 2024 to July 2025. However, subsectors such as power projects and data centers are expected to perform well despite the trend. Higher tariffs have increased costs and caused project delays.
What This Means for Canadian Contractors
This report highlights the importance for Canadian contractors to monitor specific subsectors that show resilience. For Canadian builders, this means increased opportunities in energy and tech-related projects, which might still receive funding and resources despite overall economic challenges. Staying adaptable to fluctuating tariffs and supply chain issues will be crucial.
