UBS Identifies Start Of Trump-Era Construction Boom In AI, Grid; Goldman Sees Upside In Used Machinery Prices

U.S. non-residential construction is expected to soften through the second half of 2025, but UBS analysts project a meaningful reacceleration beginning in 2026. Structural tailwinds—including investment in data infrastructure, energy, life sciences, and public-sector projects—are expected to drive the next phase of growth