Michael Latas & Associates
Construction Report - February 2025

Executive Summary

• Construction backlogs are flat this month vs. last month and up 1% from last year
• Commercial construction growing fastest
• Current backlogs are 8.4 months of work
• The United States gained 143K jobs from the prior month while the construction industry gained 4K jobs vs. last month. 
  • The construction industry grew +2.2% vs. the prior year with all sectors employing more people
  • Heavy Civil contractors grew and are employing 2.6% more people than the prior year
  • General contractors in commercial and industrial grew and are employing 2.0% more people than the prior year
• All Contractors have more people employed than at this time last year and there are few people left to hire
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