SPOTTING CONSTRUCTION TRENDS
3D printing is currently being considered for construction purposes . It allows for the creation of complex building components with more precision , a reduction in material wase , and quicker construction times .
The construction industry is adopting technologies to improve efficiency and productivity , including Building Information Modeling ( BIM ) for project visualization and coordination , the use of drones , augmented reality for design and conception , and construction management software for streamlining project management .
One current trend impacted by all the others is the marked surge in construction spending for manufacturing facilities . According to the U . S . Department of the Treasury , this spending has doubled since the end of 2021 , driven by the demand for electronic and electrical manufacturing , a growth in U . S . non-residential construction spending , and an overall demand for more U . S . -based manufacturing .
A recent report released by the Global Capital Projects Outlook , which shares insights from construction professionals here and abroad , shows that there is still strong optimism in the industry , but that this confidence is impacted because less than half of all construction projects are completed on time and fewer are finished within their budget .
78 % of organizations report their tech investments have led to higher productivity and better risk management
63 % of the largest organizations find poor communication is negatively impacting project outcomes
Lastly , contractors may want to check out the website for the Associated General Contractors-California to stay abreast of trends in the construction industry . The organization regularly reports on industry trends , advocacy efforts , and addresses labor and compliance issues within the state of California .
Among the key findings in the 2023 report :
41 % of organizations cite poor data collection as a risk to growth
SPRING 2025 CONTRACTOR REPORT - 13