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April 28, 2026

Report: US construction outlook softens as costs remain elevated

  • Turner & Townsend say Seattle's construction market is stabilizing, with infrastructure remaining the primary driver.
    • By JOURNAL STAFF

    Construction activity across the United States slowed in the latter half of 2025 as higher financing costs, trade tariffs and labor constraints continued to pressure the industry, according to a new national outlook from Turner & Townsend.

    The global professional services firm's U.S. construction market intelligence report for the second half of 2025 shows overall construction spending declined slightly year over year, with private development pulling back sharply. Public construction tied to federal infrastructure programs, data centers and transportation projects helped cushion the downturn.


     
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