The North American construction market is entering a new phase, one defined less by volatility and more by the interconnected pressures of cost, capacity, demand, and capital. WT’s 2026 North American Market Intelligence Report brings together project benchmarking, market research, and insights from our teams across the United States, Canada, and Mexico to help owners, developers, and industry stakeholders better understand the forces shaping project outcomes.
July 2026 report highlights
- Construction cost escalation has stabilized compared to the extraordinary conditions experienced in recent years, but costs remain elevated above historical norms.
- Continued investment across key sectors is sustaining demand, although growth patterns vary significantly by market and asset class.
- Labor availability, contractor capacity, and procurement challenges remain critical factors influencing project delivery and risk.
- Capital availability and financing conditions are playing an increasingly important role in determining project timing and feasibility.
- Market conditions differ across the United States, Canada, and Mexico, creating both challenges and opportunities for project owners and investors.
- The report examines the interconnected relationship between cost, demand, capacity, and capital, and how these forces are shaping construction decisions throughout North America.