U.S. Construction Costs Remain Elevated as Spending Slows in H2 2025

Construction spending across the U.S. slowed in the second half of 2025; however, costs remain elevated and uneven across regions, according to Turner & Townsend’s H2 2025 US market intelligence report. National bid price escalation is forecast at 4.25% in 2026, well above historical norms. Although economic growth cooled and private construction pulled back, federally backed infrastructure, data... The post U.S. Construction Costs Remain Elevated as Spending Slows in H2 2025 appeared fir