Hospitality, health care, education and residential construction are driving the construction industry forward in Louisville, says Megibben, who sees no signs of business slowing down anytime soon.
Whether it’s an airport renovation, water treatment facility replacement or ground-up hospital construction, large-scale projects are shaping the construction industry in the St. Louis area, and business is thriving, McCoy says.
The Sacramento AEC sector has quietly emerged as an island of stability as a sea of finanical uncertainty has engulfed the state. A boom year in 2024 that was driven by non-residential building starts may have ebbed only to rebound next year.
Associated Builders and Contractors Chief Economist Anirban Basu cites labor shortages, tariffs as continuing industry challenges while construction spending slows amid caution and the end of Biden administration funding.