Will Contractors Scramble for Labor This Year? It Depends.

January 10, 2025

The construction industry experienced varying degrees of demand in 2024, with some sectors booming and others losing steam. As prolonged high interest rates slowed private building, federal funding from the Infrastructure Investments and Jobs Act continued to jumpstart public projects such as highways and bridges, and the CHIPS and Science Act spurred data center and manufacturing construction. Meanwhile, demand has lessened for multifamily and office building.

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