Construction Market Report | Issue 2 | 2026

The U.S. construction industry continues through 2026 with cautious stability as strong infrastructure and data center investment help offset slower activity across traditional commercial sectors. This Construction Market Report explores how labor shortages, tariff pressures, and evolving procurement challenges are shaping project timelines, escalation trends, and overall market conditions. While contractor confidence remains positive, owners and developers continue to move carefully through financing, preconstruction, and risk evaluation as project pipelines lengthen across the industry.

Momentum in AI-driven infrastructure and data center development continues to support backlog growth and market resilience, while elevated labor demand and transportation costs remain key contributors to ongoing escalation. Material pricing has largely stabilized compared to recent years, though steel markets, diesel pricing, and select equipment lead times continue to create volatility and procurement risk.

Download the full Construction Market Report | Issue 2 | 2026 below.

Learn more about Weitz’s Commercial work at: https://www.weitz.com/expertise-offices/commercial/