The Top 20 Industrial Construction Contractors in 2026
Twenty general contractors and construction managers booked a combined $33.0 billion in industrial building revenue in 2025, according to Building Design+Construction's 2026 Giants 400 ranking. The top five account for $15.2 billion of that, or about 46 percent, and they are bunched tightly: ARCO at No. 1 and Gray at No. 5 are only $770 million apart.
That tight top end matters if you sell into warehouses, distribution centers and manufacturing plants. Industrial work is bid hard and built fast, and the margin usually goes to the trade that is already on the GC's list when the next tilt-up or plant expansion comes out. Below is who these 20 firms are, where they are based, what they are building, and what each one publishes about how it prequalifies trade partners.
How We Ranked Them
The source is Building Design+Construction's Top 115 Industrial Sector Construction Firms for 2026, published September 11, 2026, as part of BD+C's 2026 Giants 400 Report. The measure is 2025 industrial building revenue. BD+C's 2026 Giants 400 overview labels the sector "Industrial Buildings — Manufacturing Plants, Warehouses," and says nearly 600 firms submitted data for the report. The rank order below follows BD+C's table exactly, positions 1 through 20, with no firms added, dropped or reordered.
A few caveats:
- The revenue is self-reported by the firms in BD+C's annual survey. It is not audited by BD+C or by us, and firms draw the line between "industrial" and other categories differently.
- Some figures include joint-venture work. Several projects below were built by JVs, sometimes pairing two firms on this list.
- BD+C says its market-sector data labeled "Construction" combines all delivery methods, which adds CM agent and program management fees to general contracting, design-build, CM at risk and IPD work. One firm on the list, Turner & Townsend, describes itself as a program manager rather than a builder.
- ENR publishes a separate industrial ranking that looks very different. We explain why in its own section further down.
- Headquarters, projects and prequalification details come from each company's own website, press releases, owner announcements or trade press, linked inline. Where we could not verify a project, the entry says so and stops at HQ and revenue.
The Ranking at a Glance
| Rank | Contractor | HQ | 2025 industrial building revenue |
|---|---|---|---|
| 1 | ARCO Construction Companies | St. Louis, MO | $3.58B |
| 2 | Walbridge | Detroit, MI | $3.01B |
| 3 | The Yates Companies | Philadelphia, MS | $2.91B |
| 4 | Clayco | Chicago, IL | $2.87B |
| 5 | Gray | Lexington, KY | $2.81B |
| 6 | Ryan Companies US | Minneapolis, MN | $2.30B |
| 7 | Turner Construction | New York, NY | $2.24B |
| 8 | Whiting-Turner | Baltimore, MD | $1.82B |
| 9 | STO Building Group | New York, NY | $1.61B |
| 10 | Haskell | Jacksonville, FL | $1.39B |
| 11 | Fluor | Irving, TX | $1.24B |
| 12 | Barton Malow Holdings | Southfield, MI | $1.14B |
| 13 | DPR Construction | Santa Clara, CA | $1.06B |
| 14 | JE Dunn Construction | Kansas City, MO | $1.02B |
| 15 | The Boldt Company | Appleton, WI | $781.1M |
| 16 | Burns & McDonnell | Kansas City, MO | $746.1M |
| 17 | Brasfield & Gorrie | Birmingham, AL | $738.3M |
| 18 | Big-D Construction | Salt Lake City, UT | $615.4M |
| 19 | Turner & Townsend | Leeds, UK (registered office) | $564.5M |
| 20 | HITT Contracting | Falls Church, VA | $560.1M |
Source: BD+C 2026 Giants 400, Top 115 Industrial Sector Construction Firms (2025 revenue, self-reported). HQ from company websites, or ENR's 2026 Top 400 list where a firm's site does not label a headquarters.
The Top Five: $2.8 Billion and Up
1. ARCO Construction Companies (St. Louis, MO)
2025 industrial building revenue: $3,583,102,957. ARCO's own pages describe a network of more than 45 offices without labeling one as headquarters; ENR's 2026 Top 400 list places the company in St. Louis.
Recent industrial work: In May 2025, ARCO broke ground on a 1.2 million-square-foot logistics facility in Apple Valley, California, for repeat client Lecangs, a $96 million development with completion targeted for the end of the first quarter of 2026. In October 2024, ARCO/Murray marked the start of a 1,105,500-square-foot logistics center in Elwood, Illinois, for CJ Logistics, with 40-foot clear height and 130 dock positions.
For subs: ARCO's prequalification portal says the firm prequalifies subcontractors before award and lists what to have ready, including financial statements, safety records, EMR, OSHA 300 logs, insurance certificates, a line of credit letter and a surety letter showing bonding capacity.
2. Walbridge (Detroit, MI)
2025 industrial building revenue: $3,010,149,442. Walbridge's contact page lists its headquarters at 777 Woodward Ave., Suite 300, Detroit.
Recent industrial work: Walbridge has been Ford's general contractor on BlueOval City, the $5.6 billion electric vehicle complex on a 3,600-acre campus in Stanton, Tennessee. Construction Dive reported that Walbridge broke ground there in September 2022. On the warehouse side, its distribution market page lists a new Pepsi Bottling Ventures distribution center in St. Pauls, North Carolina, delivered as lump-sum general contracting.
For subs: The subcontractor portal page asks firms to complete the Vendor Pre-Qualification form and submit it with the requested documentation. Walbridge says it reviews experience, safety history, bonding, insurance, licensing and financial resources.
3. The Yates Companies (Philadelphia, MS)
2025 industrial building revenue: $2,905,151,661. W.G. Yates & Sons lists 104 Gully Avenue, Philadelphia, Mississippi, on its contact page.
Recent industrial work: In June 2025, T1 Energy selected Yates for preconstruction services and site preparation on its planned $850 million, 5-gigawatt G2_Austin solar cell facility in Milam County, Texas. T1 said at the time it expected to finalize terms with Yates as general contractor and to begin producing cells by the end of 2026.
For subs: Yates's trade partners page links to a Trade Partner Pre-Qualification Questionnaire hosted on BuildingConnected, along with its supplier code of conduct.
4. Clayco (Chicago, IL)
2025 industrial building revenue: $2,867,500,000. Clayco's about page says the company moved its headquarters to the Chicago Loop in 2013.
Recent industrial work: CJ Adventures, a joint venture of Clayco and JE Dunn Construction, is building Rivian's $5 billion manufacturing campus in Social Circle, Georgia. ENR reported on September 3, 2026, that vertical construction began in May following a ceremonial groundbreaking the previous September, that the team expects the primary factory buildings to be enclosed in 2027, and that Rivian plans to begin production in late 2028.
For subs: Clayco's subcontractor prequalification page asks trades to complete a Preconstruction Contractor Profile Form each year and says you need a BuildingConnected profile to view its public plan room.
5. Gray (Lexington, KY)
2025 industrial building revenue: $2,812,716,182. Gray's contact page lists its home office at 10 Quality St., Lexington, Kentucky.
Recent industrial work: On October 5, 2026, Gray and Southwire broke ground on a manufacturing expansion in Starkville, Mississippi, adding approximately 380,000 square feet, including a six-story extrusion tower. Gray is providing design-build services, and the plant is expected to reach full capacity in 2028. In August 2026, Gray broke ground on InnovAsian's first U.S. chicken processing facility in Jonesboro, Arkansas, a greenfield design-build job set to be complete by spring 2028.
For subs: Gray's subs and vendors page asks firms to create a profile in its partner database through BuildingConnected.
Ranks 6 to 10: $1.39 Billion to $2.30 Billion
6. Ryan Companies US (Minneapolis, MN)
2025 industrial building revenue: $2,303,230,663. Ryan's contact page lists 533 South Third Street, Suite 100, Minneapolis. The firm's industrial page claims more than 182 million square feet of industrial space delivered.
Recent industrial work: In October 2026, Ryan was named general contractor on The Buttes Commerce Center, a two-building, 233,479-square-foot speculative industrial development at 1401 South 52nd Street in Tempe, Arizona, with completion set for September 2027. Ryan also lists the design-build Kroger Ocado fulfillment center in Forest Park, Georgia, a 419,317-square-foot automated warehouse where it says the delivery timeline was cut from 24 to 14 months.
For subs: We did not find a published subcontractor prequalification page on Ryan's site. Its contact form includes a trade partner option.
7. Turner Construction (New York, NY)
2025 industrial building revenue: $2,244,065,727. Turner lists its headquarters at 66 Hudson Boulevard East, New York, on its website.
Recent industrial work: Turner's project page for a lithium-ion battery plant for Panasonic Corporation of North America in Kansas describes a 5,500,000-square-foot facility completed in 2025, where Turner provided construction management services as part of a 50/50 joint venture.
For subs: Turner's subcontractor page runs prequalification through a portal for U.S. and Canadian companies and lists the uploads: W-9, three years of safety data, a current financial statement (CPA-prepared preferred), a surety letter with project and aggregate limits, and a bank line-of-credit letter.
8. Whiting-Turner (Baltimore, MD)
2025 industrial building revenue: $1,815,999,955. Whiting-Turner's contact page lists 300 East Joppa Road, Baltimore.
Recent industrial work: Whiting-Turner lists the Carolina Foods baking facility about 15 miles outside Charlotte among its projects in progress. The facility is 420,000 square feet, and the firm says the first phase, which it built, won Food Engineering's 2025 Plant of the Year. Its warehouse and distribution page lists 16 projects, including a design-build 318,000-square-foot Ocado automated fulfillment center in Frederick, Maryland.
For subs: The prequalification page sends subcontractors to a BuildingConnected invite, posts a sample questionnaire, and asks firms to check internally before creating a duplicate account.
9. STO Building Group (New York, NY)
2025 industrial building revenue: $1,607,000,000. STO is the parent of a family of builders including Structure Tone, Layton Construction and LF Driscoll, and its locations page lists its New York headquarters at 330 West 34th Street. We did not find a 2024 to 2026 industrial project press release from STO or its operating companies, so we are not listing one.
For subs: STO's subcontractor page says all U.S. prequalification runs through COMPASS, with the COMPASS 1Form plus an STO supplement, and uploads that include a W-9, project references, EMR, OSHA 300/300A forms, financial statements and banking, bonding and insurance information. Renewal is annual.
10. Haskell (Jacksonville, FL)
2025 industrial building revenue: $1,391,974,000. Haskell's contact page lists its global headquarters at 701 San Marco Boulevard, Jacksonville.
Recent industrial work: Haskell is a food and beverage specialist. It carried the engineering, procurement and construction scope on Hilmar Cheese Company's greenfield plant in Dodge City, Kansas, a 450,000-square-foot facility on a 144-acre site. In a November 6, 2026 post, Haskell described an EPC/design-build packaging line replacement for HP Hood in Winchester, Virginia, which it said delivered first product three weeks ahead of the contract target.
For subs: Haskell's subcontractors and vendors page says prequalification runs through TradeTapp and asks for three years of safety data (EMR and OSHA 300 log), three years of revenue, current backlog, insurance limits and project references.
Ranks 11 to 15: $781 Million to $1.24 Billion
11. Fluor (Irving, TX)
2025 industrial building revenue: $1,241,565,368. Fluor's investor site states it is headquartered in Irving, Texas.
Recent industrial work: On April 2, 2025, Fluor announced a second multi-billion-dollar EPCM contract for a pharmaceutical facility in Lebanon, Indiana, for a client it described as one of the world's leading pharmaceutical makers. We cover that build-out, and how EPCM differs from CM at risk for the trades, in our Lebanon LEAP campus breakdown.
For subs and suppliers: Fluor's supplier and contractor portal page says registration runs through Workday and that creating a profile does not mean you are qualified.
12. Barton Malow Holdings (Southfield, MI)
2025 industrial building revenue: $1,144,011,106. Barton Malow's contact page lists 26500 American Dr., Southfield, Michigan.
Recent industrial work: As design-build contractor, partnered with Gray, Barton Malow completed the BlueOval SK Kentucky GE2 battery plant in Glendale in October 2024. It is a 3.9 million-square-foot lithium-ion battery facility with 1.8 million square feet of cleanroom space, and it won a 2025 TAUC Project of the Year award.
For subs: Barton Malow's subcontractors page says it uses BuildingConnected for all bidding and prequalification and lists the documents: W-9, prior-year audited or reviewed financials, three years of OSHA 300/300A logs and EMR, a safety manual, a bonding letter and an insurance certificate.
13. DPR Construction (Santa Clara, CA)
2025 industrial building revenue: $1,059,228,000. DPR moved from Redwood City into a new Santa Clara campus that also houses its prefabrication facility, Construction Dive reported on March 4, 2026.
Recent industrial work: DPR's industrial revenue leans toward life sciences manufacturing. It built the BeOne Medicines manufacturing and clinical R&D center in Hopewell, New Jersey, a 400,000-square-foot, 27-month project that DPR says came in 11 percent under budget and was named ENR Mid-Atlantic's 2025 Best Manufacturing Project.
For subs: DPR's prequalification page runs through an online portal and lists a W-9, sample insurance certificate, three years of OSHA 300/300A and EMR, a surety letter dated within 30 days, third-party prepared financials, a WIP schedule, AR aging and a line-of-credit statement.
14. JE Dunn Construction (Kansas City, MO)
2025 industrial building revenue: $1,019,910,349. JE Dunn's history page places its headquarters in Kansas City.
Recent industrial work: JE Dunn is general contractor and design-builder on Paris Baguette's $200 million-plus, 267,000-square-foot plant in Burleson, Texas, with CRB as design partner and completion expected in summer 2027, Food Engineering reported in November 2025. JE Dunn is also Clayco's partner in the CJ Adventures joint venture on Rivian's Georgia plant (see No. 4).
For subs: The trade partners page says prequalification is required and runs through TradeTapp inside BuildingConnected.
15. The Boldt Company (Appleton, WI)
2025 industrial building revenue: $781,114,000. Boldt's homepage lists its corporate headquarters at 2121 E. Capitol Drive, Appleton.
Recent industrial work: In an August 2025 project update, Boldt described Belmark's new manufacturing facility in Scottsville, Kentucky: a 56,000-square-foot plant plus 10,000 square feet of office space on a 23-acre greenfield site, designed and built with EUA.
For subs: Boldt's subcontractors page says it uses TradeTapp for prequalification and that trade partners must prequalify annually.
Ranks 16 to 20: $560 Million to $746 Million
16. Burns & McDonnell (Kansas City, MO)
2025 industrial building revenue: $746,100,000. The firm's Kansas City page describes its world headquarters at 9400 Ward Parkway.
Recent industrial work: In April 2026, Burns & McDonnell was selected as engineer-procure-construct provider for BioMADE's 122,000-square-foot pilot plant in Maple Grove, Minnesota, converting an existing commercial building into a bioindustrial manufacturing space. It also provided integrated design and construction on Elanco's $120 million, 25,000-square-foot expansion in Elwood, Kansas, completed on schedule, per a September 2026 report.
For subs and suppliers: The suppliers page says registration runs through COMPASS and, for construction subcontractors, asks for OSHA 300/300A statistics for the current partial year plus three prior years and year-to-date plus three prior years of financials.
17. Brasfield & Gorrie (Birmingham, AL)
2025 industrial building revenue: $738,334,335. The contact page lists 3021 7th Ave. S., Birmingham. Recent industrial work: Brasfield & Gorrie built the 208,000-square-foot Milo's Tea manufacturing and distribution facility in Moore, South Carolina, which broke ground in March 2023 and was nearing completion in late 2024; the firm self-performed the sitework and concrete.
For subs: Per the trade partners page, create a BuildingConnected account and submit the firm's trade contractor prequalification form to its qualifications inbox.
18. Big-D Construction (Salt Lake City, UT)
2025 industrial building revenue: $615,411,702. ENR's 2026 Top 400 lists Big-D in Salt Lake City, and its Salt Lake City office is at 404 West 400 South.
Industrial work: Big-D's portfolio includes Copper Crossing 7 in Salt Lake City, a 677,630-square-foot manufacturing and distribution center for Holcim's roofing insulation and sheet metal products. The project page does not give dates.
For subs: The subcontractors page starts prequalification through a BuildingConnected invite.
19. Turner & Townsend (Leeds, UK)
2025 industrial building revenue: $564,487,408. Turner & Townsend calls itself a global programme manager, not a contractor. Its terms page lists the registered office of Turner & Townsend Limited in Horsforth, Leeds.
Recent industrial work: On Panasonic's $4 billion battery plant in De Soto, Kansas, Turner & Townsend provides cost and commercial management, procurement and supply chain, and project management, with work running from 2023. For trades, that means it sits on the owner's side of the table rather than holding your subcontract.
20. HITT Contracting (Falls Church, VA)
2025 industrial building revenue: $560,063,164. HITT's locations page lists its headquarters at 2900 Fairview Park Drive, Falls Church.
Recent industrial work: HITT is general contractor on Avio USA's 900,000-square-foot solid rocket motor plant in Hurt, Virginia, a $500 million investment that broke ground September 29, 2026, with construction expected to finish in 2028. A BE&K | HITT joint venture is also building the Boeing South Carolina 787 site expansion in North Charleston, a 1,000,000-square-foot project that broke ground November 7, 2025.
For subs: HITT's subcontractors page uses TradeTapp for onboarding and lists a W-9, two years of financials, a surety letter dated within the past year, three recent projects, a three-year EMR letter and three years of OSHA 300/300A logs.
Why ENR's Industrial List Looks So Different
ENR publishes its own industrial ranking in the 2026 Top 400 Contractors issue (May 25, 2026), and only nine firms make both top-20 lists. The main reason is definitions. BD+C's table covers industrial buildings, which it labels manufacturing plants and warehouses. ENR's sector table is headed simply "Industrial," and the closest definition in its How to Read the Tables box is Industrial Process: pulp and paper mills, steel mills, non-ferrous metal refineries, pharmaceutical plants, chemical plants, and food and other processing plants. ENR also counts the value of installed equipment when the contractor has prime responsibility for specifying and procuring it, which lifts process-heavy firms.
| ENR rank | Firm | ENR 2025 industrial revenue | BD+C industrial building rank (revenue) |
|---|---|---|---|
| 1 | Fluor | $6,042.1M | 11 ($1.24B) |
| 2 | DPR Construction | $1,559.7M | 13 ($1.06B) |
| 3 | Haskell | $1,244.4M | 10 ($1.39B) |
| 4 | Turner Construction | $1,237.8M | 7 ($2.24B) |
| 5 | IPS-Integrated Project Services | $1,163.9M | Not in BD+C table |
| 6 | Dennis Group | $1,142.6M | Not in BD+C table |
| 7 | Gray | $887.1M | 5 ($2.81B) |
| 8 | CR Meyer | $767.0M | Not in BD+C table |
| 9 | The Yates Cos. | $705.4M | 3 ($2.91B) |
| 10 | Stellar Group | $670.6M | Not in BD+C table |
| 11 | CRB Group | $644.4M | Not in BD+C table |
| 12 | PCL Construction Enterprises | $558.4M | 21 ($558.4M) |
| 13 | Burns & McDonnell | $540.1M | 16 ($746.1M) |
| 14 | Alberici-Flintco | $535.4M | Not in BD+C table |
| 15 | Clayco | $502.1M | 4 ($2.87B) |
| 16 | G.A. West & Co. | $500.0M | Not in BD+C table |
| 17 | Bechtel | $484.4M | Not in BD+C table |
| 18 | Harvey Cleary | $479.0M | Not in BD+C table |
| 19 | Miron Construction | $476.6M | 30 ($289.8M) |
| 20 | Whiting-Turner | $425.9M | 8 ($1.82B) |
Source: ENR 2026 Top 400 Contractors, Top 20 by Sector, Industrial (2025 revenue, $ millions; top 20 total $20.6 billion, 72 percent market share as printed). "Not in BD+C table" means the firm does not appear anywhere in BD+C's 115-firm industrial table; it may not have reported to BD+C.
Three things stand out. Fluor's ENR industrial figure is nearly five times its BD+C industrial building figure, which fits the EPCM work described in its entry above. IPS, Dennis Group, CRB and Stellar, all in ENR's top 11, do not show up in BD+C's table at all. And the warehouse builders at the top of BD+C's list either rank lower on ENR's industrial table, as Clayco and Gray do, or are absent from it, as ARCO, Walbridge and Ryan are.
ENR's overview also reported that, across Top 400 firms, industrial process revenue rose 10.1 percent from 2024 to 2025 while manufacturing revenue fell 28.5 percent. For a trade, the practical point is to know which list your scope belongs on. As a rule of thumb, building-shell scopes such as tilt-up, steel, slabs and docks line up with the BD+C names, and process piping and equipment setting line up with the ENR names.
What the List Tells Subcontractors
The prequalification pages point to three patterns.
First, BuildingConnected and its TradeTapp module dominate. Haskell, JE Dunn, Boldt and HITT run prequal through TradeTapp, and Yates, Clayco, Gray, Whiting-Turner, Barton Malow, Brasfield & Gorrie and Big-D route trades through BuildingConnected in some form. A stale profile there costs you invitations from more than half this list.
Second, COMPASS is the other shared platform. STO Building Group uses it for subcontractor prequal and Burns & McDonnell uses it for supplier registration. Walbridge runs its own form on a CMiC portal, Turner uses its own portal, and Fluor registers suppliers through Workday.
Third, the paperwork repeats. Where firms publish their lists, the same items show up: W-9, financial statements, EMR, three years of OSHA 300/300A logs, a surety or bonding letter, a bank line-of-credit letter and insurance certificates. DPR wants its surety letter dated within 30 days and HITT within the past year, so date those letters before you upload.
The margin side matters as much as the paperwork. Speculative warehouse work like Ryan's Tempe job is a repeatable product with a fixed delivery date, so it tends to be bought on price. Process and pharmaceutical work brings equipment coordination and owner-driven scope changes, which is why Fluor's Lebanon award was structured as a reimbursable EPCM contract. Before you chase either, check your numbers against our warehouse construction cost per square foot data and, for temperature-controlled jobs, our cold storage warehouse cost guide.
Where Industrial Construction Is Heading
The federal numbers show a split market. The Census Bureau's construction spending release for September 2026 put manufacturing construction at a seasonally adjusted annual rate of $170.2 billion, down 17.0 percent from September 2025. Census counts all buildings at manufacturing sites in that category; warehouses not built at a manufacturing site fall under commercial, which was $122.9 billion, down 4.0 percent, per its definitions.
The projects on this list match that picture. Battery and EV work is big but lumpy: Barton Malow's Kentucky plant is done, Turner's Kansas battery plant finished in 2025, and the Rivian campus is the big job still in the ground. The newer starts are food plants (Gray's InnovAsian job, JE Dunn's Paris Baguette plant), defense and aerospace manufacturing (HITT's Avio and Boeing work), and smaller spec industrial buildings. We tracked the warehouse pullback in warehouse construction's slowdown from its 2023 peak.
Data centers compete for the same crews. In ENR's Top 400 overview, contractors said the data center surge is absorbing a significant share of skilled labor in their regions. Turner, DPR, HITT, Clayco, Whiting-Turner and JE Dunn from this list all appear in our top 20 data center construction contractors as well.
Bottom Line
Industrial building revenue is less concentrated at the top than most sectors: five firms each reported between $2.8 billion and $3.6 billion, and the No. 20 firm still reported $560 million. That means more doors to knock on, but it also means the GCs have plenty of trades to choose from, and they buy accordingly.
Pick the three or four firms building in your region, keep one current prequal package for BuildingConnected and COMPASS, and decide up front whether you are chasing warehouse volume or process-plant complexity. Then price each bid on its own merits with our bid calculator. On fast-track industrial work, the job you lose by a point is usually better than the one you win at a loss.
FAQ
What source is this industrial contractor ranking based on?
Building Design+Construction's Top 115 Industrial Sector Construction Firms for 2026, part of its 2026 Giants 400 Report, published September 11, 2026. Firms are ranked by self-reported 2025 industrial building revenue, covering manufacturing plants and warehouses.
Who is the largest industrial construction company in the U.S.?
On BD+C's list, ARCO Construction Companies, with $3.58 billion in 2025 industrial building revenue, followed by Walbridge at $3.01 billion. On ENR's 2026 industrial sector table, which measures process and plant work differently, Fluor ranks first at $6.04 billion.
Why are ENR's and BD+C's industrial rankings different?
They measure different work. BD+C counts industrial buildings, which it labels manufacturing plants and warehouses. The closest definition to ENR's industrial table is its Industrial Process category, which covers chemical, pharmaceutical, steel, paper and food processing plants, and ENR's figures can include installed equipment. Only nine firms appear in both top-20 lists.
How do subcontractors get prequalified with industrial contractors?
Most firms on this list use BuildingConnected, often with its TradeTapp module. STO Building Group uses COMPASS. Expect to submit a W-9, financial statements, EMR, OSHA 300/300A logs, a surety or bonding letter and insurance certificates. Several firms require you to renew each year.
Is industrial construction spending growing in 2026?
Not for manufacturing. Census data put manufacturing construction at a $170.2 billion annual rate in September 2026, down 17.0 percent from a year earlier. Food processing, aerospace and defense manufacturing, and speculative industrial buildings account for many of the newer starts on this list.
