Growth in this year’s report across the forecast period of 2023-28 is lower than the previous year’s very strong 6% overall rate for 2022-27 due to starting the series in 2023—a year that had just been lifted by 22% over 2022 based on the Infrastructure Act (IIJA) fully taking effect. The 3.5% current overall CAGR is somewhat below the longer-term historical rate of 4.5% since 1997 but still represents substantial additional spending and a healthy market.

Total spending will increase from $476.6 billion in 2025 to $504.6 billion in 2028. While the official stimulus allocations from IIJA will last through the end of 2026, funds will continue to flow to contractors—particularly as large multi-year projects are completed. There continues to be strong public support for infrastructure, with state and local funding available to help bridge any gaps from reduced federal support. Among the strongest Census categories from 2025-28 are power, water/sewage/waste, healthcare and transportation. 

This report will help contractors understand market trends across 11 major Census categories, many sub-categories, 12 different Deltek market verticals, 8 different Deltek levels of government, all 50 states and DC, and four different types of projects (build, design/build, design-only and renovation). Census categories include amusement and recreation, commercial, educational, healthcare, highway and street, office, power, public safety, residential, transportation (air/sea/land) and water/sewage/waste disposal. In addition, we profile the non-Census category of “trail and path.”