Regardless of financial uncertainty, rising rates of interest, and ongoing labor challenges, building companies throughout the U.S. are staying resilient and planning strategically for the long run, in accordance with the newly launched 2025 Building Trade Survey from CBIZ.
The nationwide survey gathered responses from normal contractors, subcontractors, design/construct companies and consultants within the structure and engineering sectors. The findings reveal an business that’s adapting — fairly than pulling again — with a deal with long-term alternative, workforce funding and operational velocity.
“There are numerous causes to be optimistic once you look past the headlines,” mentioned Joe Natarelli, CBIZ Managing Director and Nationwide Building Trade Chief. “Corporations aren’t retreating. As a substitute, we’re seeing them regulate accordingly by elevating pay, remaining strategic, and positioning themselves for what comes subsequent.”
Key takeaways from the survey embrace:
- 67% of companies are elevating wages to deal with ongoing labor shortages
- 62% say materials value volatility is essentially the most urgent political situation
- 36% of respondents are lacking out on tax incentives they’re eligible for
- 34% delayed or canceled tasks attributable to financing challenges
- 22% say labor shortages precipitated challenge delays in 2025
Whereas companies are being extra cautious of their planning, most report wholesome challenge backlogs and elevated alternative heading into the second half of the 12 months. The survey’s total tone displays cautious optimism, with many leaders persevering with to put money into individuals and know-how to remain aggressive.
