Category: Business Services
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What Will Shape Construction in 2026? Interest Rates, Labor Gaps and Market Shifts
Growth in the construction industry plateaued over the past year — and in 2026, look for that trend to continue. Faced with labor shortages, supply chain issues and economic pressures like high interest rates and tariff uncertainty, construction will need to adopt more disciplined habits and embrace both technological and cultural innovation in order to…
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AI-Powered Digital Twins Drive New Era of Data-Driven Construction
The construction industry is incredibly fast-paced, meaning that any innovation that can accelerate operations will immediately pique the interest of construction professionals. However, this increased efficiency must not come at the expense of safety, as a safety incident could be catastrophic — not to mention deadly. The digital twin is the rare innovation that promises…
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QBE: Labor Gaps, Higher Costs Shape 2025 U.S. Commercial Construction Outlook
QBE North America has released its 2026 U.S. Commercial Construction Outlook, developed with Control Risks, outlining key pressures and opportunities for the industry. The report, which is based off of 2025 reports, says commercial construction faces continued labor shortages, driven by an aging workforce and immigration limits, even as overall employment remains high. Material costs…
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CSP Consultants Reports Strong 2025 Project Pace, Forecasts Growth Into 2026
CSP Consultants Group reports steady project activity through 2025, with 77 projects completed so far this year and 33 more underway. Several of the active projects rank among the largest in the company’s portfolio. The firm has posted compound annual growth of 40% to 50% since 2016, driven by a model that combines design, procurement,…
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Centralized Fleet Solutions Boost Consistency and Efficiency for Multi-Location Construction Companies
Construction companies that operate fleets across multiple locations juggle a familiar tangle of moving parts, including mixed assets working in harsh environments, seasonal demand, regional regulations and dispersed teams with different experience levels. All this can make consistency feel out of reach, yet the fleets that are winning right now have one thing in common:…
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JLL Forecasts 2026 Construction Outlook Amid Policy Shifts and Regional Opportunities
JLL Project and Development Services (PDS) has released its 2026 U.S. Construction Perspective, highlighting how policy-driven market dynamics are creating regional opportunities and competitive advantages across the construction sector. Construction spending fell 4.7% in 2025 due to market uncertainty, with modest growth of 0.4% projected for 2026. The near-flat trajectory underscores ongoing pressures and the…
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Gen Z Revitalizes the Skilled Trades Amid Construction Labor Shortages
As Baby Boomers retire, they take with them decades of accumulated skill, leadership and institutional knowledge, and presently, there are not enough new workers to replace them. The National Association of Home Builders (NAHB) reports that the median age of a construction worker has reached 42, about a year older than the national labor force…
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U.S. Construction Backlog Slips in October as Contractor Outlook Weakens
Associated Builders and Contractors reported that its Construction Backlog Indicator fell to 8.4 months in October, based on a member survey. The figure is down slightly from September and the same as that in October 2024. Backlog held steady or increased across the three major industries tracked in the survey. However, contractors that do not…
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Veterans Strengthen the Construction Industry Amid Skilled Worker Shortages
In a world built on progress, few industries rise and fall with changing times as much as the construction industry. This field never stands still, as skilled workers shape skylines and neighborhoods, laying the backbone of our cities. As demand grows and skilled hands become harder to find, the answer stands in plain sight: veterans.…
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CBIZ Releases 2026 Tax Planning Guide Highlighting OBBBA Changes
CBIZ, Inc., a national professional services advisor, has released its 2026 Tax Planning Guide, helping businesses and individuals navigate changes under the One Big Beautiful Bill Act (OBBBA). The guide outlines key tax shifts and practical strategies for 2026 and beyond, covering topics from net operating losses to AI and automation impacts. Joseph Perry, National…