Despite economic uncertainty, rising interest rates, and ongoing labor challenges, construction firms across the U.S. are staying resilient and planning strategically for the future, according to the newly released 2025 Construction Industry Survey from CBIZ.
The nationwide survey gathered responses from general contractors, subcontractors, design/build firms and consultants in the architecture and engineering sectors. The findings reveal an industry that is adapting — rather than pulling back — with a focus on long-term opportunity, workforce investment and operational speed.
“There are many reasons to be optimistic when you look beyond the headlines,” said Joe Natarelli, CBIZ Managing Director and National Construction Industry Leader. “Firms aren’t retreating. Instead, we are seeing them adjust accordingly by raising pay, remaining strategic, and positioning themselves for what comes next.”
Key takeaways from the survey include:
- 67% of firms are raising wages to address ongoing labor shortages
- 62% say material price volatility is the most pressing political issue
- 36% of respondents are missing out on tax incentives they’re eligible for
- 34% delayed or canceled projects due to financing challenges
- 22% say labor shortages caused project delays in 2025
While firms are being more cautious in their planning, most report healthy project backlogs and increased opportunity heading into the second half of the year. The survey’s overall tone reflects cautious optimism, with many leaders continuing to invest in people and technology to stay competitive.
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