Channel checks: US Construction Outlook "Construction financial professi..."

Research evidence excerpt

Channel checks: US Construction Outlook "Construction financial professi..."

Global Research

15 May 2026ab

Channel checks: US Construction Outlook Equities

AmericasConstruction financial professionals expect a

stronger 2026/2027 Industrial Equipment

Steven Fisher, CFA

Analyst

steven.fisher@ubs.com

Channel check: Private spending expected to drive construction business sales +1-212-713 8634

We asked a group of construction industry financial professionals in the eastern part of Avinatan Jaroslawicz

the US about their outlook and aggregated their responses. Here are the questions we Analyst

asked and what we learned: avinatan.jaroslawicz@ubs.com

+1-212-713 1405

What are your expectations for sales for your business in 2026 vs.

2025?: The majority of participants expect sales to be up modestly or strongly in Judah Aronovitz

2026 vs. 2025. A few expect sales in 2026 to be down modestly vs. 2025. Associate Analyst

judah.aronovitz@ubs.com

What are your expectations for sales for your business in 2027 vs. 2026?: +1-212-713-4881

All participants expect 2027 sales to be at least flat or better than 2026. The Lauren Sullivan

majority expect sales to be up modestly or strongly in 2027 vs. 2026. Associate Analyst

lauren.sullivan@ubs.com

Which end markets do you think offer the most growth over the next +1-212-713 8230

couple of years?: The majority of participants expect more growth from the

private sector, particularly in data centers and tech.

Which end markets do you think offer the least growth over the next

couple of years?: Most participants expect the least growth in the public sector,

though some who believe the private sector offers the least growth specified new

office buildings.

Middle East conflict and related inflationary pressure are concerns: We