175 Construction Industry Statistics November 2026

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On this page
  1. Key Takeaways
  2. What do US construction statistics say about 2026 spending?
  3. How many construction firms are there, and how small are they?
  4. How many people work in construction, and what do they earn?
  5. Is construction getting more productive?
  6. How much have building materials cost risen?
  7. How many homes are being built and sold?
  8. What does it cost to build a new home?
  9. What does the pipeline of commercial work look like?
  10. How much does government build, and what shape is the infrastructure in?
  11. How dangerous is construction work?
  12. How does the US compare with other countries?
  13. Methodology and Sources

Construction industry statistics describe a trade that is large, split into small firms and sensitive to the cost of materials. Spending in August 2026 sat close to where it was a year earlier, but the mix moved. Data centers and power work grew while factories, shops and new homes fell.

This page collects the numbers from the groups that produced them. They include the Census Bureau, the Bureau of Labor Statistics, the Bureau of Economic Analysis, the Geological Survey, the Federal Reserve Bank of Richmond, builder and contractor trade groups, and statistics offices in Europe, Canada, the United Kingdom and Australia. Every number links to its source and carries a date. We do not cite roundups. Where we did the arithmetic ourselves, the text says so.

The newest spending data runs through August 2026, and the newest housing starts data through September 2026. This page leaves the worker shortage to our construction labor shortage page and our skilled trade shortage page. Numbers for the heating and cooling trade are on our HVAC industry page, and plumbing is on our plumbing industry page.

Key Takeaways

What do US construction statistics say about 2026 spending?

Total spending is flat to slightly down, and these dollars are not adjusted for price rises, so the volume of work is lower than the headline. What gets built is changing faster than how much.

Construction industry statistics: monthly US construction spending in millions of dollars, 1993 to August 2026 Figure 1: Monthly construction spending follows the seasons. The summer peaks of 2024 and 2025 are close in size, and 2026 is tracking at about the same level, which means growth has stalled in current dollars. Source: Census Bureau, Total Construction Spending (TTLCON), via FRED, Aug 2026. Screenshot of the source page, captured 20 Oct 2026.

How much was spent on construction in 2025 and 2026?

Spending in the first eight months of 2026 was $1,450.4 billion, 3.1% below the same months of 2025 (Census Bureau, Monthly Construction Spending, August 2026, Oct 2026).

Who pays for construction, private owners or governments?

Private owners paid for most of it: $1,655.3 billion at an annual rate in August 2026, 3.1% below a year earlier (Census Bureau, Value of Private Construction Put in Place, Oct 2026).

Which kinds of building are growing and which are shrinking?

Power work added more dollars than any other line except data centers: it ran at $186.0 billion a year in August 2026, up 8.5% (Census Bureau, Monthly Construction Spending, August 2026, Oct 2026).

How much did contractors take in during the 2022 Economic Census year?

Contractors reported $2.85 trillion of construction work done in 2022 (Census Bureau, Economic Census 2022 (construction), Dec 2025).

How many construction firms are there, and how small are they?

Construction is a trade of small employers and a much larger crowd of one-person shops. That shapes everything from buying power to how jobs get priced.

Table of construction establishments by quarter from the BLS Industries at a Glance page for the construction sector Figure 2: BLS counts private construction establishments each quarter from payroll tax records. The count rose in every quarter shown, and the government rows beneath it are tiny by comparison. Source: BLS, Industries at a Glance: Construction, Mar 2026. Screenshot of the source page, captured 20 Oct 2026.

How many construction businesses have employees?

Construction had 814,557 employer establishments in 2023 (Census Bureau, County Business Patterns 2023, Jun 2025).

How small is the typical construction employer?

Only 18.5% of construction employer establishments had 10 or more employees in 2023, by our calculation from the size classes (Census Bureau, County Business Patterns 2023, Jun 2025).

How many construction businesses have no employees?

Nonemployer construction businesses took in $258.2 billion in 2024 (Census Bureau, Nonemployer Statistics 2024, Sep 2026).

How many people work in construction, and what do they earn?

Hiring has been flat for months while pay and hours keep edging up. Most of the work sits with specialty trade contractors who do one job on a building, such as wiring, plumbing or finishes.

US employment in construction, thousands of people, 1939 to September 2026 Figure 3: Construction employment has recovered from the housing bust and now sits above its 2006 peak, with a long flat stretch over the last two years. Source: BLS, All Employees, Construction (USCONS), via FRED, Sep 2026. Screenshot of the source page, captured 20 Oct 2026.

Where do construction workers work?

Nonresidential specialty trade contractors employed 2,939.6 thousand people in September 2026, more than any other part listed here (BLS, Employment Situation, September 2026, Oct 2026).

What do construction workers earn and how long do they work?

Construction employees worked 39.2 hours a week on average in September 2026, up from 39.0 a year earlier (BLS, Employment Situation, September 2026, Oct 2026).

Are union workers paid more?

11.1% of construction wage and salary workers were union members in 2025, up from 10.3% in 2024 (BLS, Union Members 2025, Table 3, Feb 2026).

How many jobs come and go, and where is employment headed?

Construction employers added 684 thousand jobs through new and growing establishments in the fourth quarter of 2025 (BLS, Industries at a Glance: Construction, Oct 2026).

Is construction getting more productive?

Not by most measures. Over the long run it is the one big sector where output per worker has gone backward, and the last few years add little to the picture.

Value added per worker for the US economy and the construction sector, indexed to 1948 Figure 4: Output per worker for the whole economy has more than tripled since 1948 while the construction line has fallen back to where it started. Source: Richmond Fed, Five Decades of Decline: U.S. Construction Sector Productivity, Aug 2025. Chart published by the source, captured 20 Oct 2026.

How has construction productivity changed over the long run?

Labor productivity in US construction in 2023 was essentially the same as in 1948, while productivity across the economy more than tripled (Richmond Fed, Five Decades of Decline: U.S. Construction Sector Productivity, Aug 2025).

What did BLS find for recent years?

Output per hour in construction rose 2.0% in 2024, after a 2.4% rise in 2023 (BLS, Industries at a Glance: Construction, Oct 2026).

Does firm size explain the gap?

Firms with 20 to 99 employees build 45% more units per employee than the smallest firms (NBER Digest, The Stagnation of US Construction Productivity, Feb 2025).

How much have building materials cost risen?

Materials prices have climbed much faster than most contractors can pass on without a fight. Steel is the clearest case, and tariffs and fuel sit behind much of the rest.

Producer price index for construction materials, 1947 to September 2026 Figure 5: The producer price index for construction materials rose slowly for decades, then jumped in 2021 and has kept climbing to a new high. Source: BLS, Producer Price Index for Construction Materials (WPUSI012011), via FRED, Sep 2026. Screenshot of the source page, captured 20 Oct 2026.

How fast are prices rising now?

The construction materials index rose 11.0% over the 12 months to September 2026, by our calculation (BLS, PPI for construction materials (via FRED), Oct 2026).

Each percent change in this subsection is our calculation from the index values.

What do the basic materials cost to make?

The average mill price of cement was $160 a metric ton in 2025, up from $127 in 2021 (USGS, Mineral Commodity Summaries 2026: Cement, Feb 2026).

How are contractors handling tariffs?

About 70% of contractors said tariffs affected them in the 2026 outlook survey (AGC and Sage, 2026 Construction Hiring and Business Outlook, Jan 2026).

How many homes are being built and sold?

Builders are starting fewer single-family homes and selling them at lower prices, while buyers wait for lower mortgage rates. Multifamily is the steadier side.

Census chart of monthly new single-family home sales from August 2021 to August 2026, with the August 2026 summary box Figure 6: New home sales have moved sideways in a band between about 550 thousand and 760 thousand a year since 2022, with no sign of a breakout. Source: Census Bureau and HUD, New Residential Sales, August 2026, Sep 2026. Chart published by the source, captured 20 Oct 2026.

How many new homes are being started and sold?

Single-family housing starts ran at 859,000 a year in September 2026, 4.6% below August (Census Bureau and HUD, New Residential Construction, September 2026, Oct 2026).

How are builders coping?

43% of builders cut prices in October 2026, the highest share in the 2020 to 2026 period (NAHB, Builder Sentiment Falls on Rising Rates, Oct 2026).

What do new homes look like?

The median size of a single-family home completed in 2025 was 2,142 square feet (Census Bureau, Characteristics of New Housing 2025, Jul 2026).

How big is housing in the economy?

Housing was 15.9% of GDP in the first quarter of 2026, down from 16.5% a year earlier (NAHB Eye on Housing, Housing’s Share of GDP Dips Below 16%, Apr 2026). This counts home building, remodeling and housing services such as rent.

What does it cost to build a new home?

Most of a new home’s price is the cost of construction, and that share keeps rising. The rest is land, builder profit, overhead, and a regulatory load that has grown faster than incomes.

Screenshot of the NAHB blog post summarizing the 2024 Cost of Construction Survey, with the construction cost share of price Figure 7: NAHB’s survey of builders puts construction cost at a record share of the price of a new home, with the finished lot a smaller share than in 2022. Source: NAHB, Cost to Construct a Home Rose Significantly Over Last Two Years, Jan 2025. Screenshot of the source page, captured 20 Oct 2026.

What share of the price is construction?

Construction costs were 60.8% of the price in 2022, so the 2024 share was a gain of 3.6 points (NAHB, Cost to Construct a Home Rose Significantly Over Last Two Years, Jan 2025).

What goes to plumbing, electrical and HVAC?

Heating and cooling cost $26,938 per home in the 2024 survey, 6.3% of construction cost (NAHB, Cost of Constructing a Home 2024, Jan 2025).

What does regulation add?

Regulatory costs for the average new home were $93,870 in 2021, which means the 2026 cost is more than 40% higher (NAHB, Regulatory Costs Jump 40% in Five Years, Jun 2026).

What does the pipeline of commercial work look like?

The pipeline points to a split. Data centers, power and health care look full, while retail, offices and schools look thin. Contractors say funding is the problem, more often than demand.

Bar chart of the net share of contractors who expect the value of projects to rise or fall in 2026, for 17 project types Figure 8: Contractors expect more work in data centers and power and less in retail, private offices and lodging. Most of the 17 project types lost ground against the 2025 survey. Source: AGC and Sage, 2026 Construction Hiring and Business Outlook, Jan 2026. Chart published by the source, captured 20 Oct 2026.

Which project types do contractors expect more of?

A net 34% of contractors expect more power work in 2026 (AGC and Sage, 2026 Construction Hiring and Business Outlook, Jan 2026).

How full are contractors’ order books?

76% of contractors were at least moderately confident in their backlog and bidding pipeline going into 2026 (AGC and Sage, 2026 Construction Hiring and Business Outlook, Jan 2026).

What do architects and planners say about the next year?

The AIA billings index scored 47.2 in August 2026, below the 50 line that marks no change (AIA/Deltek, Architecture Billings Index, August 2026, Sep 2026).

What do project starts show?

Total construction starts fell 24.8% in August 2026 to a rate of $1.34 trillion, after a month of megaprojects (Dodge Construction Network, Construction Starts, August 2026, Sep 2026).

How much does government build, and what shape is the infrastructure in?

Public owners are still paying for roads and schools, but more slowly than needs grow. ASCE rates the system a C, its best grade, and still sees a very large funding gap.

ASCE 2025 Report Card key findings page, showing the overall C grade for America’s infrastructure Figure 9: The 2025 Report Card gave US infrastructure an overall C, up from C minus in 2021, which is the highest grade ASCE has given. Source: ASCE, 2025 Report Card for America’s Infrastructure, Mar 2025. Screenshot of the source page, captured 20 Oct 2026.

How much does government build?

Public highway and street construction ran at $150.6 billion a year in August 2026, up 4.4% from a year earlier (Census Bureau, Value of Public Construction Put in Place, Oct 2026).

What grade does US infrastructure get?

The 2021 grade was C minus, so the 2025 C is a step up (ASCE, 2025 Report Card press release, Mar 2025).

How dangerous is construction work?

Construction is still among the deadliest trades, and deaths have barely moved in five years. The causes are well known, and falls lead them.

BLS table of fatal occupational injuries by occupation for 2020 to 2024, including construction and extraction occupations Figure 10: The BLS table shows construction and extraction deaths holding near the 1,000 mark each year, and construction trades workers make up most of them. Source: BLS, Census of Fatal Occupational Injuries 2024, Feb 2026. Screenshot of the source page, captured 20 Oct 2026.

How many construction workers die at work?

Fatalities in construction and extraction occupations were 976 in 2020 and have stayed near 1,000 a year since (BLS, Census of Fatal Occupational Injuries 2024, Feb 2026).

How does the US compare with other countries?

Elsewhere the picture is mixed. Europe is flat, Britain is falling, and Canada and Australia are growing on building work.

Eurostat chart of production in the construction sector for the euro area and the EU, January 2021 to August 2026 Figure 11: Production in construction in the euro area and the EU has moved in a narrow band since 2021, with a jump in August 2026. Source: Eurostat, Production in construction, August 2026, Oct 2026. Chart published by the source, captured 20 Oct 2026.

What is happening in Europe?

Euro area production in construction rose 1.8% in August 2026 from July (Eurostat, Production in construction, August 2026, Oct 2026).

What is happening in Britain?

Total construction output in Great Britain fell 1.0% in the three months to August 2026 (ONS, Construction output in Great Britain: August 2026, Oct 2026).

What is happening in Canada and Australia?

Canadian investment in building construction rose to $23.6 billion in July 2026, up 8.1% from a year earlier (Statistics Canada, Investment in building construction, July 2026, Sep 2026).

Methodology and Sources

We chose construction numbers that a reporter could check. Each one comes from the group that produced it, such as a government statistics office, a trade group that runs its own survey, or a research bank. We opened each page or file and confirmed the number and the date before writing it down. We did not use roundup pages. Where a number is our own calculation, the text says so. Census spending figures are in current dollars and are not adjusted for price changes. Surveys from trade groups, such as the NAHB cost survey and the AGC outlook, reflect their members and not every builder. Census and BLS counts differ because they use different sources, so we do not mix them. We update this page monthly.

Glossary

  • AGC: Associated General Contractors of America, a trade group for commercial builders.
  • AIA: the American Institute of Architects.
  • ASCE: the American Society of Civil Engineers.
  • BEA: the Bureau of Economic Analysis.
  • BLS: the Bureau of Labor Statistics.
  • CBP: County Business Patterns, a yearly Census count of employer businesses.
  • Nonemployer: a business with no paid employees, usually a one-person shop.
  • PPI: the Producer Price Index from BLS.

Sources

Cite this page

Every number here links to the source that published it. Quote any of them with a link to this page or to the source.

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