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FMI Corporation has released its 2026 North American Engineering and Construction Industry Overview, forecasting total construction spending to rise 1% in 2026 compared with 2025.
The report projects total U.S. construction put in place will finish 2025 down 1% from 2024. Growth in 2026 is expected to remain uneven, with public and infrastructure-related work providing relative stability while several private sectors face continued pressure.
Nonbuilding structures are forecast to increase 4%, led by power, water and environmental projects with committed funding. Data center construction is expected to remain a strong performer among nonresidential building segments, rising 35% from 2024 levels, according to the report.
