As we reach the midpoint of 2024, we find that many of the construction trends we identified at the start of the year are continuing, but we're also witnessing the emergence of new concerns and opportunities that demand our attention and strategic planning.
In this trends update, we'll explore nine trends in the construction industry:
- Adaptive reuse of office space
- Continued property challenges
- Subcontractor instability, and bond and subcontractor default insurance (SDI) claims
- Artificial intelligence
- Third-party litigation finance or litigation funding
- Price moderation
- Labor trends
- Heat safety regulations
- Trending markets: power, HVAC and water
