NJ construction spending jumps
New Jersey construction spending is projected to reach $124.3 billion this year even as the state has lost over 10,000 construction jobs year‑to‑date — a paradox that raises supply‑chain and workforce risks for transit projects. The scale of planned public infrastructure work heightens competition for prequalification and local-resourcing strategies. (wmtram.com)
ACCNJ’s MarketCAST Q4 2025 found New Jersey’s construction spending increased 13% in 2025 while national construction spending fell 1%. (roi-nj.com) The MarketCAST analysis prepared by Otteau for ACCNJ centers its pipeline figures on projects valued over $50 million, which drive the bulk of the state’s planned spending. (accnj.org) By sector, civil construction led 2025 starts at $4.8 billion, with healthcare, education and single‑family housing each recording about $2.9 billion in new starts, and the government sector showing the largest increase year‑over‑year. (roi-nj.com) Otteau’s outlook projects a 5% rise in sector expenditures for 2026 and reports construction‑cost changes of about 2.9% in North Jersey and 4.1% in South Jersey year‑over‑year. (roi-nj.com) The report highlights marquee private developments such as the roughly $1 billion Netflix Studios at Fort Monmouth, which Otteau estimates could produce more than $8 billion in economic output. (roi-nj.com) NJ TRANSIT’s Board adopted its FY2026 budgets, authorizing approximately $1.684 billion in capital funding alongside an operating budget near $3.16 billion. (njtransit.com) The New Jersey Department of Transportation’s Transportation Capital Program FY2026 lists the State’s STIP‑aligned projects starting July 1, 2025, covering prioritized bridge, roadway, mass‑transit and ITS investments. (dot.nj.gov) The New Jersey Turnpike Authority’s Q4 2025 bond‑funded capital progress report documents recent revenue bond sales and construction‑fund dispositions that underwrite several large ongoing capital programs. (njta.gov)
