2024 Midyear California Construction Market Snapshot

We created this snapshot to give you a quick idea of how the California construction market is doing halfway through the year. We use data from Construct Connect, one of the largest project data sources in the United States, along with our proprietary data from our more than 300 contractor customers in California.

While there are certainly reasons for caution about the overall economy, the California construction market appears reasonably healthy and seems to have bright prospects in the near future. Our contractors have healthy backlogs and good margins. Pent up demand for residential housing is keeping most residential contractors from straying into the public works market, and the federal infrastructure money still has many years before it will be fully spent. So as the saying goes, make hay while the sun shines.