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Construction Backlog Soars Amid Tariff-Related Delays

5/16/2025

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Summary

Story summary

Construction backlog hit a record high since September 2023, fueled by large contractors earning over $100 million annually.
In April, 22% of contractors reported project delays or cancellations linked to tariffs.
While profit margin confidence rose, 19% of contractors anticipate a sales decline in the next six months.
Data centers dominate construction planning, contrasting with a drop in heavy industrial and infrastructure projects.

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Story summary

Construction backlog hit a record high since September 2023, fueled by large contractors earning over $100 million annually.
In April, 22% of contractors reported project delays or cancellations linked to tariffs.
While profit margin confidence rose, 19% of contractors anticipate a sales decline in the next six months.
Data centers dominate construction planning, contrasting with a drop in heavy industrial and infrastructure projects.