Contractors are typically optimistic concerning the outlook for nonresidential and multifamily building in 2025, whereas expectations differ from a 12 months in the past, primarily based on Related Normal Contractors of America’s 2025 AGC/Sage Development Hiring and Enterprise Outlook Survey. The survey included 1,109 responses from November 8 to December 13. Respondents had been requested whether or not the greenback worth of initiatives they compete for can be larger or decrease in 2025. The p.c of respondents anticipating a better greenback worth was constructive for 15 out of 17 venture varieties. Respondents had been extra upbeat than within the 2024 survey relating to 9 varieties, much less optimistic about 4 varieties, and had almost unchanged views about 4 varieties.
The broadest optimism was for knowledge heart initiatives, with a internet constructive studying of 42 proportion factors (up 22 factors from the 2024 survey), adopted by water and sewer initiatives, 35 factors; energy, 32 factors; transportation amenities, 29 factors; different well being care (akin to clinics, labs, and testing amenities), 27 factors; manufacturing vegetation, 25 factors (up 10); hospitals and bridge/freeway, 24 factors every; federal, 22 factors (down 7); warehouses and public buildings, 14 factors every; Ok-12 colleges, 13 factors; larger training and multifamily, 12 factors every; lodging, 7 factors (up 10 from -3 in 2024); non-public workplace, -3 factors (up 21 from -24); and retail, -5 factors (up 10 from -15).
Almost half (45 p.c) of companies reported having no supply-chain points, up from 23 p.c in 2024 and 9 p.c in 2023. The three most frequently listed considerations for 2025 had been all workforce-related: rising direct labor prices, picked by 62 p.c of respondents; inadequate provide of staff or subcontractors, 59 p.c; and employee high quality, 56 p.c.
