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Mid-Year Outlook: Key Trends Shaping the Construction Industry in 2025

Construction Activity Hits a Plateau in 2025

The second half of 2025 brings a mixed picture for the construction industry. Overall spending has leveled off as high interest rates and policy uncertainty weigh on new projects, particularly in the commercial and manufacturing sectors. While infrastructure work continues to see funding, its long-term outlook remains uncertain.
 
Labor Market Cools

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