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In 2025, will construction be up? Will it be down? What will be some of the top trends that take hold? Which markets will soar? And how does technology fit into all of this? These are just a few of the most pressing questions on the minds of today’s construction executives. Fortunately, we can get a handle on some answers in FMI’s 2025 North American Engineering and Construction Overview: First Quarter.

One big takeaway is while there is an assumed recession for the broader U.S. economy in 2025, FMI predicts construction and engineering spending will continue to expand. However, with that being said, the residential sector will continue to be challenged. However, the industry may experience some relief in the future with lower borrowing rates.

On the commercial side of the market, we see many sectors are forecasted to be more positive in ...