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EAP Insight | Q2 2025 Construction Market Update

EAP Insight

Aug 4, 2025

We’re pleased to share EAP Insight’s Q2 2025 Construction Market Update.

Key Takeaways from Q2:


  • Construction costs have held steady from Q1, while nonresidential project starts are up, residential starts are down with slight contractor backlog gains

  • Tariff impacts remain uncertain and have resulted in limited cost impacts to date 

  • Skilled labor availability remains limited and varies based on geography 

 

Our latest report, led by COO Paul Giorgio and EAP’s Design & Construction team, breaks down cost, labor, and risk dynamics shaping the construction market today.


Read the full report here.



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