Michael Latas & Associates
Construction Report - November 2025

Executive Summary

• Construction backlogs down 1.2% this month vs. last month and flat from last year
• Infrastructure construction growing fastest
• Current backlogs are 8.4 months of work
• All Contractors have more people employed than at this time last year and there are few people left to hire
• When asked what sales about sales expectations for the following year, 9% responded, "up big" and 48% "up small".
  • Only 21% expect next year to be lower than this year. 
• Michael Latas & Associates was award by Business Insider as top recruiting firm in the nation
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• Michael Latas & Associates was nominated by Forbes again as one of the top executive recruiting companies in the nation
  • Forbes 2025 America's Best Executive Recruiting Firms List
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