1d • General discussion
Market Updates Q1 & Q2 - 2026
Sharing some notes from industry reports that i have been receiving. Some interesting notes here!
General patterns :
- Moderate, uneven growth in overall project values.
- Top-line growth helped by lingering cost inflation.
- Stronger in high-growth Sun Belt and select Mountain West metros.
- Slower or flat in some coastal gateway and Midwest markets, especially where office exposure is high.
- Commercial & institutional project starts/put-in-place values are slightly up vs. 2025 in value, flat-to-low growth in square footage.
- Backlog is still healthy for most large GCs and CMs (often 8–12+ months on average), but with more scrutiny on deal quality and funding certainty.
- Bid environment is increasingly competitive on straightforward private work.
- Bid environment for public work still draws heavy interest.
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Market Updates Q1 & Q2 - 2026
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