In this mid-year economic outlook, AGC of America’s Chief Economist breaks down the latest trends shaping the construction industry. While many contractors remain busy, signs of a slowdown are mounting. Topics covered in this update include:
🔹 Slowing construction spending and employment
🔹 Rising uncertainty from shifting tariff policies—especially looming 50% tariffs on steel and aluminum
🔹 The impact of immigration enforcement actions and ICE raids on job sites
🔹 Project delays, cancellations, and owner hesitancy
🔹 Bright spots in data centers, energy infrastructure, and federal investments via the IIJA and CHIPS Act
🔹 Growing risks of recession and inflation heading into 2026 Stay informed and prepared—watch now for insights that matter to your business.