QBE Sees Positive Outlook for U.S. Commercial Construction Amid Labor and Cost Challenges
QBE Insurance Group Ltd. has released a positive 2-3-year outlook for the U.S. commercial construction industry, despite challenges like labor shortages and rising material costs. The report, created with Control Risks, highlights growth opportunities from advanced manufacturing investments, tax cuts, and green construction initiatives. It notes that while construction employment is high, an aging workforce and immigration restrictions are straining labor supply. The report stresses the need for tailored insurance solutions to manage risks and ensure project stability.
QBE Insurance Group Ltd. has released its U.S. Commercial Construction Outlook, highlighting a largely positive 2-3-year forecast for the industry despite ongoing challenges. The report, developed in partnership with Control Risks, identifies persistent labor shortages, increased material costs due to higher tariffs, and the eventual reduction of federal subsidies as key headwinds facing the sector. Nonetheless, growth opportunities remain strong, driven by investments in advanced manufacturing, tax cuts, private equity activity, foreign investment, and green construction initiatives. While construction employment is at record highs, an aging workforce and immigration restrictions continue to strain labor supply. The report emphasizes the importance of tailored insurance solutions to help companies manage evolving risks and maintain project stability. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. QBE Insurance Group Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY22646) on November 12, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
