Concrete & Masonry Contractors
Industry Profile Report
Dive Deep into the industry with a 25+ page industry report (pdf format) including the following chapters
Industry Overview Current Conditions, Industry Structure, How Firms Operate, Industry Trends, Credit Underwriting & Risks, and Industry Forecast.
Call Preparation Call Prep Questions, Industry Terms, and Weblinks.
Financial Insights Working Capital, Capital Financing, Business Valuation, and Financial Benchmarks.
Industry Profile Excerpts
Industry Overview
The 41,000 concrete and masonry contractors in the US generate revenue by charging fees for pouring, forming, and finishing concrete foundations and structures and laying brick and stonework. Common concrete projects include the construction of foundations, walls, sidewalks, beams, columns, and panels. Common masonry projects include the installation of walls, siding, fireplaces, patios, fences, and walkways using brick, stone, concrete block, or veneers. Concrete and masonry contractors are specialty contractors, and may work with general contractors as part of a larger project.
Dependence on General Contractors
In many cases, concrete and masonry contractors act as subcontractors to a general contractor, who bids on and manages a construction job and disburses payment.
Dependence on Construction Industry and the Economy
Demand for concrete and masonry work is highly dependent on the state of the construction industry, which is cyclical and vulnerable to economic factors.
Industry size & Structure
The average concrete or masonry contractor operates out of a single location, employs 9-10 workers, and generates $1-3 million annually.
- The concrete and masonry contracting industry consists of about 41,000 firms that employ 405,000 workers and generate about $76 billion annually.
- Most companies operate on a regional or local basis.
- Large concrete contracting companies include Baker Concrete Construction, Structural Group, and CECO Concrete Construction.
- Large masonry contracting companies include Western Specialty Contractors, McGee Brothers, and Sun Valley Masonry.
Industry Forecast
Concrete & Masonry Contractors Industry Growth
Recent Developments
Jan 8, 2025 - Construction Spending Flat
- The total value of construction put in place was unchanged in November compared to October, according to the US Census Bureau. Spending on nonresidential projects decreased by 0.1%, and residential spending rose by 0.1%. Within the nonresidential building segment, pockets of spending growth included religious and healthcare, which saw increases of 1% and 0.1%, respectively. Commercial construction was flat in November and all other nonresidential building segments saw spending decline in November, led by public safety (down 1.3%) and followed by amusement and recreation (-0.7), lodging (-0.4%), educational (-0.3%), and office (-0.2%).
- Among specific construction trades, concrete and masonry contractors employ some of the highest percentages of immigrant workers, according to National Association of Home Builders analysis of US Census Bureau data. More than 60% of plaster and stucco masonry workers are immigrants. Over 40% of brick, block, and stone masons are immigrants. Workers from outside the US make up 30% of cement mason and concrete finisher employment. Nationwide, foreign-born workers account for about 25% of construction trade employment, but reliance on immigrant labor is much higher in some states. Immigrants account for more than 40% of the total construction trade employment in California and New Jersey and about 38% in Florida and Texas.
- Demand for building design services dipped slightly in November from the prior month, but there are signs that the architectural services market is gradually improving, according to a December report by the American Institute of Architects (AIA). The AIA’s Architecture Billing Index (ABI) fell to 49.6 in November from October’s reading of 50.3. Any reading of 50 or more indicates growth in architectural billings. The score for new project inquiries was 54.1% in November, unchanged from the October reading, and the index for the value of new design contracts increased from 45.3 to 48.3. The steady rise of new project inquiries is a positive signal of future business opportunities. However, architecture firms are unlikely to see a significant uptick in design activity soon as new design contracts fell for the eighth consecutive month in November.
- Some building contractors are concerned that the Trump administration's promises of tariffs and a tougher stance on immigration could increase their costs and make their labor difficulties worse, according to The Wall Street Journal. Some industry observers suggest Trump’s plan to deport undocumented workers could cause labor shortages. Nationwide, undocumented workers make up about 13% of the construction sector’s workforce, according to the Pew Research Center. President-elect Trump’s proposed 25% tariffs on goods from Canada and Mexico could drive up construction costs for key inputs, including softwood lumber, cement, gypsum (used to make drywall), and iron and steel. However, some builders are optimistic that Trump’s deregulation plans could reduce construction costs.
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