Texas DOT invested $473 million in U.S. 90 expansion, while the Next NGA West headquarters project was completed. The construction industry faces challenges, including a potential halt to the Hudson Tunnel Project due to funding issues and a need to attract 349,000 new workers in 2024.
Construction input prices surged in late 2025, impacting data center construction due to increased costs for materials like copper and electrical components. This trend is expected to continue into 2026 due to sustained demand and supply constraints. Despite this, contractors remain optimistic about the first half of 2026, particularly for data centers and power projects.
Kansas DOT awarded a $287.97 million contract for the reconstruction and expansion of U.S. 54 and K-96. Despite a 17.9% increase in apartment permits, developers face challenges due to high inventory and a constrained equity market. The National Housing Emergency Act aims to boost housing production by declaring a national housing emergency and utilizing the Defense Production Act.
Construction job openings rose in November, but hiring remains sluggish due to project uncertainty. The U.S. plans to impose new tariffs on Chinese semiconductors in 2027, adding to ongoing trade tensions. The Dodge Momentum Index surged in December, driven by data centers and healthcare projects, with sustained growth expected through 2027.
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Data center construction is booming, driven by big tech companies investing in AI infrastructure. This surge is expected to contribute to U.S. economic growth and is fueled by the increasing demand for AI and cloud computing services.
Construction starts fell 20.5% in November due to a slowdown in megaprojects, though residential construction saw a positive month. WSP acquired TRC Companies for $3.3 billion to expand its power and energy services, while AIS Infrastructure secured $2 billion in contracts for border infrastructure projects.
The construction industry saw significant growth in November, driven by nonresidential projects. Notable contracts include a $300 million shipyard expansion, a $200 million facility expansion, and a $1.7 billion resiliency project in New York City. Additionally, Eli Lilly announced a $6 billion investment in a weight-loss drug manufacturing plant, and AECOM secured a $270 million contract for FAA infrastructure improvements.
