We are pleased to share the Gilbane Q1 2026 Market Conditions Report. This quarterly report delivers a national macroeconomic perspective of the U.S. economy and its impact on the construction industry, with focused insight into market trends, supply chain conditions, material and equipment availability, cost trends, and risk mitigation considerations.
This quarter, in addition to our interactive Geographic Insights, our Supply Chain Spotlight examines the ongoing impact of tariffs on global construction supply chains and material pricing.
Click here to read the report.
Top three takeaways from the Q1 2026 Report:
- Selective Growth Will Define 2026
Overall construction growth is projected at ~1%, with momentum concentrated in infrastructure, power, healthcare, and data centers, while traditional office, retail, warehouse, and multifamily remain under pressure. - Tariffs & Electrical Supply Chains Drive Cost Risk
Section 232, reciprocal, and IEEPA tariffs continue to influence material pricing, while electrical gear and power infrastructure components remain extended due to sustained demand and global constraints. - Labor Remains the Industry’s Structural Constraint
Despite broader economic moderation, skilled labor shortages, particularly in electrical and mechanical trades, continue to drive wage growth and selective bidding.
Due to the U.S. government shutdown in October 2025, certain federal datasets remain unavailable beyond Q3 2025. Data limitations are noted where applicable.
Please reach out to our team of experts to support your project planning. Click here to contact our supply chain experts.
