The numbers
What a concrete shop actually runs on. Published figures retain their citations and confidence badges. Research-pass counts describe repeated review runs, not independent evidence.
What could one customer property be worth to your trade?
Estimate one property, then compare the same scoped method with Level's measured building stock across all 50 states, DC, and 100 metros. Commercial and residential evidence stay separate, and every planning assumption is editable.
Download the canonical 2,265-row CSV. TradeIndex links to Level's source rather than copying the matrix.
The two axes
AI-Resilience
75.7AI-Leverage
75.3Sub-score weights and definitions: methodology.
What does a concrete and masonry business sell for?
Concrete & Masonry businesses sell for . Published sources give a range rather than a tier-by-tier ladder for this trade, so the figures above span every buyer type and company size. Based on 2025-2026 transactions. That places concrete and masonry 13 of 13 trades on the index by top-of-range multiple.
Acquisition multiples scale directly with business size and EBITDA tier: small/sub-$1M EBITDA concrete and masonry operators trade at 2.5x-4.0x SDE or ~3.0x EBITDA; lower-middle market specialty trade contractors ($1M-$5M EBITDA) command 4.0x-6.0x EBITDA; mid-sized platform contractors ($5M-$25M EBITDA) achieve 6.0x-8.0x EBITDA; and large national platform companies ($25M+ EBITDA) trade at 8.0x-12.0x+ EBITDA.
Why buyers are active. The four largest firms hold 4.9% of this market, which is the fragmentation that makes a roll-up cheaper to assemble than to build. Source: U.S. Small Business Administration, 'Small Business Size Standards: Agriculture, Forestry, Fishing and Hunting; Mining, Quarrying, and Oil and Gas Extraction; Utilities; Construction', Proposed Rule, 85 FR 62239 (October 2, 2020), Table 4 'Size Standards Supported by Each Factor for Each Industry (Receipts)' at 85 FR 62248, column (6) headed 'Four-firm ratio (%)', row NAICS 238110 Poured Concrete Foundation and Structure Contractors. Derived by SBA from the U.S. Census Bureau special tabulation of the 2012 Economic Census. ↗ · 1 research pass
Who is buying, and what they pay for
Buyer demand for US concrete and masonry contracting businesses is strong and accelerating, driven by private equity (PE) roll-up strategies and strategic acquirers seeking scale. According to Capstone Partners (2026), M&A deal volume in the subcontractor segment grew 38.6% year-over-year in 2025 to 366 transactions, with PE buyers accounting for a majority (54.3%) of overall sector transactions. TNMA M&A Advisory (2025) notes sustained buyer demand fueled by market fragmentation, federal infrastructure funding (IIJA, IRA, CHIPS Act), and data center construction. Buyers value most: (1) crew stability and skilled labor retention to offset hiring shortages, (2) commercial and general contractor (GC) relationships with predictable, recurring revenue, (3) minimal owner field-dependency with strong middle management, (4) exposure to high-growth end markets, and (5) clean, defensible financials.
Source: Capstone Partners (2026), 'Construction M&A Expands for Third Consecutive Year in 2025',; TNMA M&A Advisory (2025), 'Concrete & Masonry Contracting Industry Insights',; John Salony Business Advisory (2026), 'Common Challenges When Selling a Concrete Contractors Business' ↗
Named acquirers. Notable PE platforms and public acquirers in the sector include: (1) Groundworks (backed by KKR and Cortec Group), a major residential foundation repair and concrete lifting platform actively acquiring regional concrete contractors; (2) Suncrete, Inc. / Concrete Partners Holding (backed by SunTx Capital Partners and Haymaker Acquisition Corp. 4, NASDAQ: RMIX), a ready-mix concrete logistics and distribution platform executing a Sunbelt roll-up strategy; (3) Sage Surface Partners / DACS Asphalt & Concrete (backed by Trinity Hunt Partners), a commercial paving, concrete, and surface maintenance platform; (4) PAX Services Group (backed by New State Capital Partners), a commercial roofing and building envelope platform that acquired Culbertson Company of Virginia to expand commercial masonry and restoration capabilities; (5) ReVamp Companies (backed by Bertram Capital), a national residential concrete coatings platform; (6) AK Masonry platform (acquired by Maddix Capital), a Utah-based masonry and concrete contractor platform; and (7) The Wells Companies (acquired by KPS Capital Partners), an architectural and structural precast concrete provider operating as an industrial platform.
Source: Cortec Group (2020) -; SunTx Capital Partners (2025) - Trinity Hunt Partners (2025) - PAX Services Group (2025) - PE Hub (2022, 2023, 2026) - ↗
A multiple is applied to adjusted EBITDA, and for most contractors that earnings figure is the contested part: job costing that misallocates labor, untracked work in progress, and un-normalized owner compensation all move it before any multiple applies, and a buyer recomputes it in diligence. Level CFO publishes the operating side of that, contractor margin and cash benchmarks by trade. Compare every trade’s multiple side by side on what trade businesses sell for.
The research
Published numbers retain citations from public sources such as BLS/OEWS, licensing boards, permit records, and public filings. Badges show confidence and repeated research-pass counts. Pass counts are workflow metadata, not counts of independent evidence sources.
Labor & workforce
Wages & compensation
| Median Hourly Wage6 research passes · official source | $24.38 |
| Median Annual Wage6 research passes · official source | $51K |
| Pct25 Hourly Wage6 research passes · official source | $21.49 |
| Pct75 Hourly Wage6 research passes · official source | $30.65 |
| Pct90 Hourly Wage6 research passes · official source | $40.18 |
| Pct10 Hourly Wage6 research passes · official source | $18 |
Sources (1)
- U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS), May 2023 ↗
Employment
| Us Employment5 research passes · limited support | 294,300 |
| Projected 10yr Growth5 research passes · limited support | 2% |
| Annual Openings5 research passes · limited support | 20,700 |
| Projected 10yr Net Change5 research passes · limited support | 5,600 |
Labor shortage
| Unfilled Openings5 research passes · medium | 292,000 |
| Vacancy Rate4 research passes · high confidence | 3.4% |
Shortage Note. Associated Builders and Contractors (ABC) estimates the U.S. construction industry must attract approximately 349,000 net new workers in 2026, and 456,000 additional workers in 2027, beyond normal hiring to meet labor demand.
Workforce aging
| Median Worker Age5 research passes · limited support | 39.2 |
| Pct Over 555 research passes · medium | 22.7 |
| Retirement Note | The National Center for Construction Education and Research (NCCER) projects that approximately 41% of the current construction workforce will retire by 2031. |
Sources (3)
- U.S. Bureau of Labor Statistics Current Population Survey Table 11b (Employed people by detailed occupation and age) - Cement masons, concrete finishers, and terrazzo workers ↗
- CPWR - The Center for Construction Research and Training / U.S. Bureau of Labor Statistics Current Population Survey, Data Bulletin (2022)
- National Center for Construction Education and Research (NCCER) / Associated General Contractors of America (AGC) ↗
Training pipeline
| Apprenticeship Enrollment6 research passes · medium | 3,358 |
| Annual Completions3 research passes · verified | 448 |
Pipeline Gap Note. The U.S. Bureau of Labor Statistics projects approximately 20,700 annual job openings for masonry and concrete trade workers through 2034 (primarily driven by retirements and exits), creating a severe structural gap of over 20,000 workers annually compared to new apprenticeship and trade school completions.
Sources (3)
- Trade Economy Index research synthesis: median of 4 cited research inputs: U.S. Department of Labor, Office of Apprenticeship, Registered Apprenticeship National Results - FY 2021 Data Modernization () | U.S. Department of Labor Employment and Training Administration (ETA), Federal Data: Active Apprentices by Occupation for Fiscal Year 2016, https://www.dol.gov/agencies/eta/apprenticeship/about/statistics/2016 | Institute for Women's Policy Research analysis of U.S. Department of Labor RAPIDS Data, 2024, https://iwpr.org | National Center for Construction Education and Research (NCCER), 2025 Annual Report ↗
- National Center for Education Statistics, Integrated Postsecondary Education Data System via College Factual ( and ↗
- U.S. Bureau of Labor Statistics, Occupational Outlook Handbook: Masonry Workers, August 2025 ( ↗
Immigration reliance
| Pct Foreign Born5 research passes · verified | 56 |
Visa Dependence Note. Construction trades, including concrete and masonry workers, utilize H-2B temporary non-agricultural worker visas for seasonal/temporary labor and EB-3 visas for permanent positions. However, statutory caps on H-2B visas significantly restrict access relative to industry demand, leading to heavy reliance on workers with Temporary Protected Status (TPS) or undocumented status.
Sources (2)
- National Association of Home Builders (NAHB) analysis of U.S. Census Bureau American Community Survey (ACS) 1-Year PUMS data
- National Immigration Forum, 'Explainer: Migrant Workers in the Construction Industry' (2024)
Unionization
| Union Membership5 research passes · medium | 16.4% |
Prevailing Wage Note. Concrete and masonry trades (including cement masons, concrete finishers, brickmasons, and blockmasons) are subject to Davis-Bacon Act and Related Acts (DBRA) prevailing wage determinations on federally funded or assisted public construction contracts exceeding $2,000. Under U.S. Department of Labor Wage and Hour Division regulations, contractors must pay minimum hourly base rates and fringe benefits specified for each trade classification in the applicable geographic wage determination, which frequently reflect local union collective bargaining agreements.
Sources (2)
- U.S. Bureau of Labor Statistics, Union Members -- 2025 News Release (USDL-26-0229), Table 1: Union affiliation of employed wage and salary workers by selected characteristics (Construction and extraction occupations), 2026 ↗
- U.S. Department of Labor, Wage and Hour Division, Davis-Bacon and Related Acts (29 CFR Parts 1 and 5), 2024
Licensing & credentials
| States Requiring License5 research passes · medium | 31 |
Bonding Note. Most states with a statewide contractor licensing requirement mandate a surety bond before a license is issued, with bond amounts varying by classification and state (e.g., $4,250 in Arizona, $25,000 in Alaska and California). Proof of general liability insurance and workers' compensation coverage is also widely required.
Reciprocity Note. License reciprocity is established through state-to-state bilateral agreements or via the NASCLA Accredited Examination for Commercial General Building Contractors, which satisfies the trade exam requirement across 18 participating jurisdictions. Reciprocal applicants must still satisfy each target state's business and law examination, bonding, and insurance standards.
Market structure & size
Market size
| Market Size3 research passes · medium | $110.1B |
| Cagr3 research passes · high confidence | 4.2% |
| Cagr Forecast Window | 2025-2030 |
Sources (1)
- IBISWorld, Concrete Contractors in the US Industry Market Research Report (2026) - ↗
Firm counts
| Num Establishments6 research passes · official source | 41,180 |
| Num Firms6 research passes · official source | 40,799 |
| Avg Employees Per Firm6 research passes · official source | 9.61 |
Fragmentation
| Top4 Firm Share1 research pass · official source | 4.9% |
Mom And Pop Share Note. Small/mom-and-pop operators with fewer than 20 employees account for 88.8% of all active enterprise firms in NAICS 238110 (Poured Concrete Foundation and Structure Contractors).
Sources (2)
- U.S. Small Business Administration, 'Small Business Size Standards: Agriculture, Forestry, Fishing and Hunting; Mining, Quarrying, and Oil and Gas Extraction; Utilities; Construction', Proposed Rule, 85 FR 62239 (October 2, 2020), Table 4 'Size Standards Supported by Each Factor for Each Industry (Receipts)' at 85 FR 62248, column (6) headed 'Four-firm ratio (%)', row NAICS 238110 Poured Concrete Foundation and Structure Contractors. Derived by SBA from the U.S. Census Bureau special tabulation of the 2012 Economic Census. ↗
- U.S. Census Bureau Statistics of U.S. Businesses (SUSB), 2022 ↗
Franchise penetration
Franchise Trend Note. The US concrete and masonry contracting market remains highly fragmented and heavily dominated by independent local contractors, with no single company or franchise brand holding greater than a 5% market share. Franchise networks are expanding within residential and specialty segments to capture market share from independent operators by offering standardized operational systems, brand recognition, and centralized marketing.
Sources (1)
- IBISWorld, Concrete Contractors in the US (2026) ↗
Business formation rate
| Annual New Firm Formation5 research passes · verified | 8,367 |
| Annual Closure Rate5 research passes · limited support | 11.5% |
| Survival 5yr5 research passes · medium | 48% |
Unit economics
Margins
| Gross Margin3 research passes · medium | 38.9% |
| Operating Margin3 research passes · verified | 7.1% |
| Operating Margin Pct Shared Across | 14% |
Operating Margin Pct Note. This figure is an industry-wide benchmark, not a per-trade measurement: the same value is published for 14 trade or segment records in this dataset. Read it as the specialty-trade baseline, not as a finding that distinguishes this trade from another.
Cost structure
| Labor Pct Of Revenue3 research passes · high confidence | 18 |
| Materials Pct Of Revenue2 research passes · verified | 51.7 |
| Sga Overhead3 research passes · verified | 10% |
| Labor Pct Of Revenue Shared Across | 4 |
Labor Pct Of Revenue Note. This figure is an industry-wide benchmark, not a per-trade measurement: the same value is published for 4 trade or segment records in this dataset. Read it as the specialty-trade baseline, not as a finding that distinguishes this trade from another.
Sources (3)
- IBISWorld Industry Report 23811: Concrete Contractors in the US (Wages as % of revenue), 2024 ↗
- IBISWorld Industry Report: Concrete Contractors in the US, 2019 ↗
- Construction Financial Management Association (CFMA) Annual Financial Survey (Overhead as % of revenue benchmark range 8.0% - 12.0%, median 10.0%), 2024 ↗
Productivity
| Revenue Per Employee5 research passes · medium | $322K |
Sources (1)
- IBISWorld, Concrete Contractors in the US (NAICS 23811) Industry Report, 2026 ↗
Seasonality
Peak Period Note. Concrete and masonry contracting revenue peaks during the summer and early autumn months (calendar Q2 and Q3 / fiscal Q3 and Q4), driven by favorable weather conditions for outdoor concrete pouring, pumping, and masonry work, while experiencing lower sales volumes during winter and early spring due to freezing temperatures and precipitation.
Cyclicality Note. The industry is highly cyclical and vulnerable to broader macroeconomic conditions, fluctuating interest rates, and borrowing costs. Contractors face revenue volatility linked directly to swings in residential housing starts, nonresidential commercial construction activity, public infrastructure funding, and adverse weather events.
Cash & working capital
Cash cycle
| Dso Days5 research passes · medium | 56 days |
| Dpo Days4 research passes · medium | 25.8 days |
| Cash Conversion Cycle Days4 research passes · limited support | 55.894999999999996 days |
Sources (2)
- Concrete Pumping Holdings, Inc. Form 10-K (2024) ↗
- Trade Economy Index research synthesis: median of 3 cited research inputs: CSIMarket Construction Raw Materials Industry Operational Efficiency Report (2024) | Concrete Pumping Holdings, Inc. Form 10-K (2024), | MarketBeat Vulcan Materials Company 2024 Cash Conversion Cycle Analysis (https://www.marketbeat.com/stocks/NYSE/VMC/financials/ ↗
Retainage & liens
| Typical Retainage1 research pass · medium | 10% |
| Typical Retainage Pct Shared Across | 11 |
Typical Retainage Pct Note. This figure is an industry-wide benchmark, not a per-trade measurement: the same value is published for 11 trade or segment records in this dataset. Read it as the specialty-trade baseline, not as a finding that distinguishes this trade from another.
Sources (1)
- CFMA (Construction Financial Management Association), 2023 ↗
Bad debt
| Bad Debt Write Off2 research passes · verified | 0.05% |
| Collection Rate2 research passes · medium | 80.05% |
Sources (2)
- Vulcan Materials Company (owner of U.S. Concrete, Inc.) 2024 Form 10-K ↗
- Trade Economy Index research synthesis: median of 2 cited research inputs: Level CFO, State of Contractor Finance (2025), | National Association of Credit Management (NACM) Construction Credit Benchmarks (2023), https://nacm.org ↗
AI exposure & technology
AI task exposure
| Pct Physical Onsite Work5 research passes · medium | 74 |
| Pct Cognitive Backoffice Work5 research passes · verified | 10.8 |
Task Breakdown Note. For concrete and masonry trades (SOC 47-2051.00 Cement Masons & Concrete Finishers and SOC 47-2021.00 Brickmasons & Blockmasons), physical/on-site labor includes pouring, spreading, leveling, smoothing, and finishing concrete surfaces, laying and aligning bricks and blocks, mixing mortar, operating vibrators and saws, and handling heavy construction materials. Cognitive, coordination, and back-office tasks include interpreting blueprints and specifications, estimating material quantities, calculating measurements and angles, inspecting work quality, and coordinating site workflows and labor.
Ai Resistant Work. Physical, craft-intensive on-site labor remains resistant to complete automation due to the unstructured and dynamic nature of construction job sites. In concrete and masonry, AI and robotics struggle to replace fine hand-finishing, joint striking, custom stone cutting, corner block placement, securing wall ties, and real-time adjustments for ambient weather or varying concrete slump/curing rates. Because construction sites lack predictable factory environments, physical tools function primarily as semi-automated 'cobots' requiring human masons to manage setup, wall alignment, quality control, and edge-case site obstacles.limited support
Automatable Work. Back-office, pre-construction, estimating, and scheduling tasks represent the most automatable areas of the trade. Computer vision models automate 2D/3D drawing takeoffs, instantly measuring square footage, linear feet, rebar needs, concrete volumes, and unit block counts. AI estimating software automatically applies local market pricing and labor productivity rates to draft bids, cutting manual takeoff time by 60% to 95%. For operations and project management, generative scheduling and production-control tools optimize multi-site crew allocation, dispatch, trade sequencing, and real-time progress tracking against cost baselines.limited support
Sources (4)
- Federal Reserve Bank of Philadelphia & Brookings Institution, 'Opportunity Occupations' Analysis (2019)
- U.S. Bureau of Labor Statistics, Occupational Requirements Survey (2025) ↗
- O*NET OnLine, U.S. Department of Labor, Employment and Training Administration, 2026 ↗
- Bluebeam StrXur (2018) - | Engineering News-Record (2025) - https://www.enr.com/articles/59837-buildroid-robotics-startup-brings-ai-block-laying-to-us | iBeam AI (2025) | On Center Software (2025) | Construction Dive (2026 ↗
Field-service software
| Fsm Adoption2 research passes · medium | 37% |
| Dominant Fsm Software | Procore |
Sources (2)
- Trade Economy Index research synthesis: median of 2 cited research inputs: Dodge Construction Network & Procore 'Top Business Issues for Specialty Contractors' Study (2022), cross-referenced with U.S. Department of Commerce Masonry Digital Integration Data (2024), https://www.businessresearchinsights.com | Dodge Data & Analytics / Procore SmartMarket Brief: Top Business Issues for Specialty Contractors (2022) cross-checked with Business Research Insights Field Service Management System Market Report (2026) https://www.businessresearchinsights.com (vendor-published industry report; software-adoption evidence, not independent benchmark research ↗
- JBKnowledge Construction Technology Report, 2021
Accounting technology
Common Accounting Software. In US construction and specialty trade contracting, 83% of firms rely on dedicated accounting/ERP software. The most widely used accounting platforms include Sage (21.3%), Trimble Viewpoint (19.8%), Plexxis (14.2%), custom in-house software (7.8%), QuickBooks (5.2%), Foundation Software (4.9%), and CMiC (4.7%). Additionally, 76% of contractors utilize industry-specific accounting systems rather than generic bookkeeping software.
Integration Gap Note. A major field-to-accounting integration gap persists across construction and specialty trade firms: 29.1% to 30% of contractors report that their software systems do not integrate at all, while only 5.5% to 6.9% report full integration across all applications. Consequently, 51.8% of contractors manually re-enter data between disconnected field and office systems, and 44.3% rely on spreadsheet/CSV file transfers.
Sources (2)
- JBKnowledge 10th Annual Construction Technology Report (2021/2022) - ; Construction Financial Management Association (CFMA) Financial Survey (2023) - (vendor-published industry report; software-adoption evidence, not independent benchmark research ↗
- JBKnowledge Annual Construction Technology Report (2018-2022) - ↗
AI adoption
| Ai Adoption Rate1 research pass · limited support | 78% |
Use Cases. Masonry jobsite safety evaluation and automated digital-mesh wall scoring (Mason Contractors Association of America's GEORGE AI platform and AI-powered Wall Evaluation software); concrete formwork sequence and quantity optimization; real-time computer vision analysis of poured concrete (e.g., OpenSpace) to identify layout errors and uneven pours; wireless IoT concrete sensor analytics (e.g., Giatec SmartRock/Roxi) predicting in-situ strength gain and curing progress; and automated 3D BIM/PDF takeoffs for structural concrete volume estimates.
Adoption Examples. 1. Semi-Automated Masonry (SAM100): Developed by Construction Robotics, SAM places 2,000-3,000 bricks in an 8-hour shift, handling repetitive lifting while human masons oversee quality, strike joints, and manage corners and ties. 2. Buildroid AI (2025): A U.S.-based startup using Nvidia Omniverse digital twins and hierarchical task network planning to deploy semi-autonomous block-laying systems capable of placing concrete masonry units weighing up to 40 kg. 3. AI Takeoff Platforms (Beam AI & On-Screen Takeoff Boost, 2025-2026): Computer vision solutions that automate up to 95% of plan measuring and quantity takeoffs for masonry, stone, and concrete contractors, enabling estimators to double their bid volume. 4. McKinsey & ALICE Technologies Partnership (2026): Enterprise deployment of generative AI scheduling platforms that evaluate thousands of project execution options for concrete and capital construction projects, reducing baseline construction schedules by 20% to 40%.limited support
Sources (3)
- industry data sources, Pivot Point: AI and the Future of Commercial Contracting Report (reported in ACHR News, 2026) ↗
- Mason Contractors Association of America Congressional Testimony (2026) and ForConstructionPros Concrete Trade Publications (2025, ↗
- Bluebeam StrXur (2018) - | Engineering News-Record (2025) - https://www.enr.com/articles/59837-buildroid-robotics-startup-brings-ai-block-laying-to-us | iBeam AI (2025) | On Center Software (2025) | Construction Dive (2026 ↗
Channel & disintermediation
Lead-gen platforms
| Marketplace Penetration4 research passes · limited support | 4.25% |
| Platform Take Rate5 research passes · medium | 10% |
| Platform Take Rate Pct Shared Across | 13% |
Platforms Note. Lead-generation marketplaces (Angi Leads/HomeAdvisor, Thumbtack) charge contractors $15 to $100+ per lead for concrete and masonry jobs (typically averaging $40-$85 per lead), plus annual platform subscription fees of ~$288-$300 on Angi. Shared leads are distributed to 3 to 5 contractors simultaneously, resulting in average win rates of 8-15% and an effective customer acquisition cost of $225-$800+ per booked job. Specialized masonry lead generation channels report exclusive lead costs ranging from $33.99 (organic SEO) to $61-$241 (Google Ads).
Platform Take Rate Pct Note. This figure is an industry-wide benchmark, not a per-trade measurement: the same value is published for 13 trade or segment records in this dataset. Read it as the specialty-trade baseline, not as a finding that distinguishes this trade from another.
Sources (3)
- Trade Economy Index research synthesis: median of 4 cited research inputs: Angi Inc., Q1 2026 Shareholder Letter & Earnings Call Transcript (2026), | Angi Inc. Investor Presentation (2026), https://www.angi.com (Note: SEC filings and investor disclosures report digital marketplace penetration across aggregate home services, covering 500+ trades including concrete & masonry, estimating platform market penetration at ~7% of total market value and 3-4% of small contractor firms). | Angi Inc. Q1 2026 Earnings Call Transcript (The Motley Fool, 2026, https://www.fool.com/earnings/call-transcripts/2026/05/06/angi-angi-q1-2026-earnings-call-transcript/) | ANGI Inc. Form 10-K (2026, https://www.sec.gov) & S&P Global Ratings (2021, https://www.spglobal.com ↗
- Angi Inc., Q1 2026 Earnings Call Transcript (May 6, 2026) ↗
- Minyona Trade-Press Analysis (2026), Lead Truffle Contractor Cost Analysis (2026), https://www.leadtruffle.co; Pipeline On Comparison Report (2026), https://pipelineon.com; 99 Calls Masonry Lead Benchmarks (2026), https://99calls.com ↗
Customer-acquisition mix
| Pct Referral2 research passes · medium | 53 |
| Pct Digital1 research pass · limited support | 68 |
| Pct Repeat1 research pass · limited support | 42 |
Sources (2)
- Trade Economy Index research synthesis: median of 2 cited research inputs: World Metrics Construction Customer Experience Statistics (2026) | MarketingLTB Construction Marketing Statistics Survey (2026)
- MarketingLTB Construction Marketing Statistics Survey (2026)
Insurance & warranty
| Pct Insurance Channel2 research passes · medium | 18 |
| Home Warranty Penetration4 research passes · verified | 20% |
Intermediation Note. Home-warranty and structural warranty networks intermediate the trade contractor-customer relationship by controlling lead assignment, pre-setting fixed labor/material reimbursement rates, dictating claims authorization for concrete foundation and structural masonry repairs, and enforcing mandatory binding arbitration for defect disputes, which replaces direct pricing and contractual negotiations between contractors and property owners.
Sources (3)
- CT Acquisitions, Foundation Repair Industry Valuation & M&A Benchmark Report (2026), Contractor Accelerator, Insurance Claims Repair Process Report (2025), https://contractoraccelerator.com ↗
- Frontdoor, Inc., 2024 Annual Report on Form 10-K (2025) ↗
- Frontdoor, Inc., 2024 Form 10-K Annual Report (2025), Public Citizen, Hard Work on the Home Front Report (2009), https://www.citizen.org/wp-content/uploads/migration-files/pdf_files/home_warranties_report.pdf ↗
Lock-in & expansion
Recurring-revenue mix
| Recurring Revenue4 research passes · medium | 40% |
Recurring Note. The concrete and masonry trade is predominantly project-based. CRH plc, a major public provider of concrete and building material solutions, reported in its 2025 Form 10-K that 40% of its total revenue came from repair and remodel activity driven by recurring demand (with 60% from new-build construction). Additionally, specialized provider Concrete Pumping Holdings, Inc. reported in its FY2025 Form 10-K that 19% of total revenue was generated by its route-based Eco-Pan concrete waste management services and noted that its pumping operations run on a daily fee-based revenue model. M&A trade analysis from CT Acquisitions confirms that concrete and masonry contracting remains primarily project-driven with minimal contracted service agreement attach rates relative to trades such as HVAC or plumbing.
Sources (2)
Contract terms
| Typical Contract Length Months1 research pass · medium | 12 |
| Renewal Rate3 research passes · high confidence | 90% |
| Typical Contract Length Months Shared Across | 8 |
Stickiness Note. Customer relationships exhibit high stickiness and loyalty, with major customer tenures averaging 20 to 25+ years due to plant proximity, delivery timing reliability, and pre-approved technical mix designs. However, explicit contractual lock-in is low because arrangements are typically executed on a project-by-project purchase order basis without long-term minimum volume commitments.
Typical Contract Length Months Note. This figure is an industry-wide benchmark, not a per-trade measurement: the same value is published for 8 trade or segment records in this dataset. Read it as the specialty-trade baseline, not as a finding that distinguishes this trade from another.
Sources (3)
- Construction Partners, Inc. (a heavy civil construction contractor) Form 10-K for the fiscal year ended September 30, 2025, (contract assets and liabilities on uncompleted contracts are "typically resolved within one year"; 78% of contract backlog expected to complete within the next 12 months ↗
- Concrete Pumping Holdings, Inc. Form 10-K for FY 2025 (2026), cross-checked with National Ready Mixed Concrete Association (2024), https://www.nrmca.org/join/concrete-contractors ↗
- U.S. Concrete, Inc. Form 10-K for FY 2016 (2017), cross-checked with Concrete Pumping Holdings, Inc. Form 10-K for FY 2025 (2026) ↗
Cross-sell & expansion
Cross Sell Note. Concrete and masonry contractors expand into adjacent trade services, such as concrete washout containment/waste management, site preparation, and residential plumbing, to cross-sell integrated, bundled solutions across their existing builder and general contractor customer bases.
Sources (1)
- Concrete Pumping Holdings, Inc., SEC Form 10-K, 2025 ↗
Entry barriers & data
Capital intensity
| Capex Pct Of Revenue5 research passes · medium | 8 |
Equipment Note. Concrete contractors require significant capital investments in specialty vehicles and fleet equipment, including truck-mounted boom pumps, stationary pumps, telebelts, trailers, concrete washout roll-off/crane trucks, computer hardware, and finishing tools.
Sources (2)
- CoreCredit Industry Economics & Underwriting Report (NAICS 238110 / 238140), 2026
- Concrete Pumping Holdings, Inc. SEC Form 10-K, 2024 ↗
Regulatory burden
Permit Burden Note. US concrete and masonry trade operators face significant compliance mandates across occupational health, environmental protection, and building codes. Under OSHA's Respirable Crystalline Silica Standard for Construction (29 CFR 1926.1153), operators must cap worker exposure at a Permissible Exposure Limit (PEL) of 50 µg/m³ (8-hour TWA) and implement specified engineering controls (e.g., wet cutting blades, HEPA dust vacuums), written exposure control plans, designated competent persons, and medical surveillance. Environmentally, ready-mix batch plants and field operations face EPA National Pollutant Discharge Elimination System (NPDES) industrial and construction stormwater permits regulating site runoff and wash-water discharge. Structurally, contractors must comply with International Building Code (IBC) Chapter 17 requirements for continuous or periodic special inspections and TMS 402/602 design standards for structural masonry.
Compliance Cost Note. In OSHA's Final Economic Analysis for the Respirable Crystalline Silica Standard (2016), total annualized compliance costs across all covered sectors were estimated at $1.03 billion (at a 3% discount rate) and $1.06 billion (at a 7% discount rate). The rule estimated average annual compliance costs of approximately $1,524 per covered workplace, and $560 per year for small businesses with fewer than 20 employees. For small construction entities, OSHA estimated compliance costs to represent approximately 1.64% of profits and 0.08% of annual revenue on average.
Regulatory Tailwind Note. Federal sustainability directives and modern energy codes serve as key demand drivers for concrete and masonry. Under Section 60503 of the Inflation Reduction Act (IRA) and the Federal Buy Clean Initiative, the U.S. General Services Administration (GSA) allocated $2.15 billion for procuring substantially lower-embodied-carbon construction materials (specifically low-carbon concrete and cement) backed by Type III Environmental Product Declarations (EPDs). Additionally, updates to the International Energy Conservation Code (IECC) incentivize concrete and masonry envelope systems through thermal mass trade-offs, while federal disaster mitigation funding via FEMA's Building Resilient Infrastructure and Communities (BRIC) program prioritizes wind, flood, and seismic resiliency built to ICC standards.
Sources (3)
- Occupational Safety and Health Administration (2016), '29 CFR 1926.1153 Respirable Crystalline Silica Standard for Construction' ↗
- Occupational Safety and Health Administration (2016), 'Occupational Exposure to Respirable Crystalline Silica Final Rule'
- U.S. General Services Administration (2023), 'GSA IRA Low Embodied Carbon Material Requirements'
Data assets
| Iot Telemetry Penetration2 research passes · medium | 28% |
Data Assets Note. Concrete and masonry operations accumulate structured data across the plant-to-pour lifecycle, including batch plant mix designs, in-transit mixer drum telematics (rotation speed, real-time slump, water additions, air content, temperature), embedded jobsite IoT sensor streams (hydration temperature, maturity index per ASTM C1074, compressive strength gain, relative humidity), and pumping fleet telemetry (boom placement hours, line pressure, fuel usage, digital delivery ticketing).
Sources (2)
- Trade Economy Index research synthesis: median of 1 cited research input: Market Growth Reports (2026), 'Concrete Equipment Market Insights' (); cross-checked with SNS Insider (2026), 'Telematics in Construction Equipment Market Report' (https://www.snsinsider.com ↗
- Giatec Scientific (2026), 'Advanced Concrete Quality Control Systems for In-Transit & Jobsite Monitoring' ↗
M&A, PE & valuation
Consolidation
Consolidation Activity. The US concrete and masonry trade is experiencing active and steady private equity roll-up and consolidation activity. Private equity sponsors and PE-backed platform companies are executing buy-and-build strategies across commercial concrete, precast concrete, masonry restoration, concrete coatings, and foundation repair services. This consolidation intensity is driven by severe industry fragmentation, generational ownership transfers among local contractors, and resilient demand for infrastructure, commercial property maintenance, and structural repair.
Notable Platforms. Notable PE platforms and public acquirers in the sector include: (1) Groundworks (backed by KKR and Cortec Group), a major residential foundation repair and concrete lifting platform actively acquiring regional concrete contractors; (2) Suncrete, Inc. / Concrete Partners Holding (backed by SunTx Capital Partners and Haymaker Acquisition Corp. 4, NASDAQ: RMIX), a ready-mix concrete logistics and distribution platform executing a Sunbelt roll-up strategy; (3) Sage Surface Partners / DACS Asphalt & Concrete (backed by Trinity Hunt Partners), a commercial paving, concrete, and surface maintenance platform; (4) PAX Services Group (backed by New State Capital Partners), a commercial roofing and building envelope platform that acquired Culbertson Company of Virginia to expand commercial masonry and restoration capabilities; (5) ReVamp Companies (backed by Bertram Capital), a national residential concrete coatings platform; (6) AK Masonry platform (acquired by Maddix Capital), a Utah-based masonry and concrete contractor platform; and (7) The Wells Companies (acquired by KPS Capital Partners), an architectural and structural precast concrete provider operating as an industrial platform.
Sources (6)
- PE Hub (2023) - Construction Dive (2026) - ↗
- Cortec Group (2020) - SunTx Capital Partners (2025) - Trinity Hunt Partners (2025) - PAX Services Group (2025) - PE Hub (2022, 2023, 2026) - https://www.pehub.com ↗
- https://www.pehub.com/kps-capital-to-acquire-manufacturer-wells ↗
- https://www.pehub.com/bertram-capital-backed-revamp-acquires-flagler-concrete-coatings ↗
- https://www.cortecgroup.com/groundworks-announces-strategic-investment-from-kkr ↗
Valuation multiples
| Typical Ebitda Multiple Lowlimited support | 2.13x |
Multiple By Size Note. Acquisition multiples scale directly with business size and EBITDA tier: small/sub-$1M EBITDA concrete and masonry operators trade at 2.5x-4.0x SDE or ~3.0x EBITDA; lower-middle market specialty trade contractors ($1M-$5M EBITDA) command 4.0x-6.0x EBITDA; mid-sized platform contractors ($5M-$25M EBITDA) achieve 6.0x-8.0x EBITDA; and large national platform companies ($25M+ EBITDA) trade at 8.0x-12.0x+ EBITDA.
Sources (1)
- CT Acquisitions, 'Valuation Multiples for Specialty Trade Contractors & Construction Companies', 2026 ↗
Exit environment
Buyer Demand. Buyer demand for US concrete and masonry contracting businesses is strong and accelerating, driven by private equity (PE) roll-up strategies and strategic acquirers seeking scale. According to Capstone Partners (2026), M&A deal volume in the subcontractor segment grew 38.6% year-over-year in 2025 to 366 transactions, with PE buyers accounting for a majority (54.3%) of overall sector transactions. TNMA M&A Advisory (2025) notes sustained buyer demand fueled by market fragmentation, federal infrastructure funding (IIJA, IRA, CHIPS Act), and data center construction. Buyers value most: (1) crew stability and skilled labor retention to offset hiring shortages, (2) commercial and general contractor (GC) relationships with predictable, recurring revenue, (3) minimal owner field-dependency with strong middle management, (4) exposure to high-growth end markets, and (5) clean, defensible financials.
Exit Trend. The exit trend for concrete and masonry business owners is heating up, marked by rising transaction valuations and sustained deal volume. Capstone Partners (2026) reports that construction sector M&A expanded for its third consecutive year entering 2026, underpinned by record private equity sponsor activity and add-on transactions. BizBuySell (2026) transaction data shows a surge in median sale prices for concrete businesses, up 85% in 2025 compared to 2024, with average cash flow (SDE) multiples climbing above 3.0x as larger, higher-margin companies exit.
Sources (6)
- Capstone Partners (2026), 'Construction M&A Expands for Third Consecutive Year in 2025', ; TNMA M&A Advisory (2025), 'Concrete & Masonry Contracting Industry Insights', https://tnma.com ; John Salony Business Advisory (2026), 'Common Challenges When Selling a Concrete Contractors Business', https://johnsalony.com ↗
- Capstone Partners (2026), 'Construction M&A Expands for Third Consecutive Year in 2025', ; BizBuySell (2026), 'Concrete Business Transaction Trends & Valuation Benchmarks' ↗
- https://www.capstonepartners.com ↗
- https://tnma.com ↗
- https://johnsalony.com ↗
Demand & growth
Demand drivers
| Installed Base Units5 research passes · medium | 129,430,000 |
Replacement Vs New Note. Demand for masonry and concrete trades is divided between new construction (residential, commercial, manufacturing, and civil/infrastructure projects) and additions, alterations, maintenance, and repair services (such as tuckpointing, repointing, foundation repair, and structural alterations).
Demand Drivers Note. Demand is primarily driven by nonresidential construction spending (notably manufacturing plants, data centers, and commercial facilities), federal public works and infrastructure funding (including highway, bridge, and utility upgrades under the Infrastructure Investment and Jobs Act), residential housing starts (foundations, flatwork, and exterior walls), and prevailing interest rates influencing capital expenditures.
Sources (3)
- U.S. Energy Information Administration (EIA), Residential Energy Consumption Survey (RECS, 2020 / published 2023), reporting 123.53 million primary occupied housing units, cross-checked with EIA Commercial Buildings Energy Consumption Survey (CBECS, 2018 / published 2022), reporting 5.90 million commercial buildings, https://www.eia.gov/consumption/commercial ↗
- IBISWorld, Masonry in the US Industry Report, 2025 ↗
- U.S. Census Bureau, Value of Construction Put in Place (VIP) Survey, 2025 ↗
Macro correlation
Housing Correlation Note. US concrete and cement demand exhibits a direct, positive correlation with residential construction spending and single-family housing starts. Residential construction represents roughly 28% to 30% of total US cement consumption. Higher interest rates and lower single-family housing starts lead to immediate slowdowns in ready-mix concrete and aggregate demand.
Commercial Correlation Note. Commercial and private nonresidential construction spending acts as a core macro driver for structural concrete and masonry, accounting for approximately 30% to 35% of total cement demand. Concrete consumption closely tracks commercial put-in-place spending (e.g. warehouses, office, retail, and manufacturing facilities), frequently acting as a stabilizing counterweight when residential building activity moderates.
Climate Sensitivity Note. Concrete and masonry demand and application are highly weather- and climate-sensitive. Cold weather slows down cement hydration and delays setting, while freezing temperatures can compromise structural integrity. Hot weather (>30°C) accelerates hydration, increasing slump loss, water demand, and plastic shrinkage cracking. Precipitation and severe regional weather disrupt job-site pouring schedules and cause immediate drops in short-term ready-mix concrete shipments.
Sources (3)
- U.S. Census Bureau and HUD (2026), 'Monthly New Residential Construction' (); Federal Reserve Bank of St. Louis FRED (2026), 'Total Private Construction Spending: Residential' [PRRESCON] (https://fred.stlouisfed.org/series/PRRESCON); U.S. Geological Survey (2024), 'Mineral Commodity Summaries 2024: Cement' (https://pubs.usgs.gov/periodicals/mcs2024/mcs2024-cement.pdf). ↗
- Federal Reserve Bank of St. Louis FRED (2026), 'Total Private Construction Spending: Nonresidential' [PNRESCONS] (); Portland Cement Association / American Cement Association (2025), 'Spring Market Intelligence Report' ; U.S. Geological Survey (2024), 'Mineral Commodity Summaries 2024' (https://doi.org/10.3133/mcs2024). ↗
- Academic Study (2019), 'Effect of Environmental Conditions on Concrete Microstructure and Compressive Strength' (); ResearchPublish Study (2025), 'Impact of Temperature on Concrete Properties' (https://www.researchpublish.com); U.S. Geological Survey (2024), 'Mineral Commodity Summaries 2024' (https://pubs.usgs.gov/publication/mcs2024). ↗
Search interest
| Yoy Search Change2 research passes · limited support | 19% |
Search Trend Note. Consumer search interest for US concrete and masonry services demonstrates positive momentum and robust overall volume driven by high-intent local queries (such as 'concrete contractor near me', 'masonry contractor near me', and 'concrete repair near me'). Search interest follows a consistent seasonal pattern that peaks during spring and summer construction months.
Sources (2)
- Trade Economy Index research synthesis: median of 2 cited research inputs: CUFinder / HubSpot Industry Data (2026) | Houzz 2026 Emerging Summer Trends Report, 2026
- MarketKeep (2026); Media Search Group (2026); Boomcycle Digital Marketing (2026)
Reputation & customer
Customer acquisition
| Typical Cac5 research passes · medium | $281 |
| Avg Review Volume5 research passes · limited support | 35 |
| Complaint Categories | Service or Repair Issues, Sales and Advertising Issues, Customer Service Issues, Order Issues, Guarantee/Warranty Issues |
Sources (3)
- First Page Sage, 2025
- Endorsa, 2026
- Better Business Bureau (BBB), 2026 ↗
Segment economics
How the unit economics differ by end market. Commercial and industrial work typically carries different margin, cash-cycle, and utilization profiles than residential. Published figures retain their citations.
Unit economics by revenue band
The same trade runs very different numbers at $500K than at $30M. Here are the operating benchmarks by annual-revenue band. Every cell shown carries an external, citable source (CFMA revenue-tier benchmarks, IBISWorld). Blank cells are metrics no public source splits by band.
Geography
Wage differentials and licensing/bonding regimes vary widely by state, and contractor density and permit trends by metro. Every figure carries its state or metro source (BLS/OEWS, licensing boards, permit records). Aggregate-only.
Wages by state (median hourly)
Ranked high to low. Differential vs the national median. Source: state BLS/OEWS.
| State | Median hourly | vs national |
|---|---|---|
| Hawaii | $38.92 | +59.64% |
| Massachusetts | $37.62 | +54.31% |
| Rhode Island | $36.50 | +49.71% |
| Illinois | $35.59 | +45.98% |
| Alaska | $35.42 | +45.28% |
| New York | $34.70 | +42.33% |
| New Jersey | $34.26 | +40.53% |
| Minnesota | $31.13 | +27.69% |
| Washington | $29.94 | +22.81% |
| California | $29.89 | +22.6% |
| Ohio | $29.19 | +19.73% |
| Nevada | $29.06 | +19.2% |
| Oregon | $28.93 | +18.66% |
| Wisconsin | $28.92 | +18.62% |
| Connecticut | $28.82 | +18.21% |
| Colorado | $28.23 | +15.79% |
| Indiana | $26.60 | +9.11% |
| Utah | $25.33 | +3.9% |
| Missouri | $25.27 | +3.65% |
| Pennsylvania | $25.17 | +3.24% |
| Arizona | $25.05 | +2.75% |
| Maine | $24.64 | +1.07% |
| Montana | $24.49 | +0.45% |
| Delaware | $24.29 | -0.37% |
| Michigan | $24.19 | -0.78% |
| Iowa | $24.14 | -0.98% |
| Vermont | $23.90 | -1.97% |
| Wyoming | $23.88 | -2.05% |
| North Dakota | $23.55 | -3.4% |
| New Hampshire | $23.50 | -3.61% |
| Virginia | $23.40 | -4.02% |
| Maryland | $23.30 | -4.43% |
| Kansas | $23.26 | -4.59% |
| Nebraska | $23.04 | -5.5% |
| Idaho | $23.00 | -5.66% |
| Kentucky | $23.00 | -5.66% |
| Louisiana | $22.70 | -6.89% |
| Florida | $22.46 | -7.88% |
| North Carolina | $22.19 | -8.98% |
| Alabama | $22.14 | -9.19% |
| South Carolina | $22.09 | -9.39% |
| Tennessee | $22.09 | -9.39% |
| New Mexico | $21.76 | -10.75% |
| Texas | $21.62 | -11.32% |
| Georgia | $21.60 | -11.4% |
| Mississippi | $21.20 | -13.04% |
| Arkansas | $21.17 | -13.17% |
| Oklahoma | $21.12 | -13.37% |
| West Virginia | $21.01 | -13.82% |
| South Dakota | $19.50 | -20.02% |
Metro-level detail (50 metros)
According to the U.S. Bureau of Labor Statistics (BLS) May 2023 Occupational Employment and Wage Statistics (OEWS), the Atlanta-Sandy Springs-Roswell, GA metropolitan statistical area employed 1,780 Cement Masons and Concrete Finishers (representing 0.631 per 1,000 jobs) and 50 Brickmasons and Blockmasons.
According to U.S. Census Bureau Building Permits Survey data, the Atlanta-Sandy Springs-Roswell, GA metro authorized 15.8 new housing units per 1,000 existing homes in 2024, ranking 10th nationally among major metropolitan areas, though overall permitting volume experienced a moderate decline from 2021-2022 peaks due to elevated mortgage rates and construction costs.
According to the U.S. Bureau of Labor Statistics May 2023 Occupational Employment and Wage Statistics report, the Austin-Round Rock, TX Metropolitan Statistical Area employed 2,110 Cement Masons and Concrete Finishers (SOC 47-2051) and 340 Brickmasons and Blockmasons (SOC 47-2021).
Residential building permit activity in the Austin-Round Rock housing market area experienced a downward trend following peak levels in 2021-2022, declining from 32,325 total authorized units in 2022 to 23,225 units in 2023, and reaching 22,275 units for the 12-month period ending June 2024.
In the Baltimore-Columbia-Towson, MD metropolitan statistical area, BLS OEWS reports 1,780 employed Cement Masons and Concrete Finishers (SOC 47-2051) and 520 Brickmasons and Blockmasons (SOC 47-2021), totaling 2,300 concrete and masonry trade workers across the metro area.
In 2025, total permitted new residential units in the Baltimore region reached 5,775, representing a 10.4% decline compared to 2024. Multi-family unit authorizations dropped 15.2% to 2,253 units, while permitted residential alterations, additions, and repairs value increased 5.1% to $796.6 million.
According to the U.S. Bureau of Labor Statistics May 2023 Occupational Employment and Wage Statistics, the Birmingham-Hoover, AL metropolitan area employed 570 Cement Masons and Concrete Finishers with a location quotient of 1.12, representing trade employment density approximately 12% above the national average.
Multifamily construction permitting and deliveries in the Birmingham-Hoover metro peaked with 1,900 units delivered over four quarters through mid-2024, followed by a pullback in active construction pipeline from 3,000 units to 1,780 units under construction as new project starts slowed.
According to the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics, the Boston-Cambridge-Newton, MA-NH metropolitan statistical area employed approximately 1,770 Cement Masons & Concrete Finishers (SOC 47-2051) and 1,220 Brickmasons & Blockmasons (SOC 47-2021).
In 2022, the Boston-Cambridge-Newton, MA-NH metro area authorized 14,593 new residential building permits, representing a 12.1% decline from 2021, while total residential permit valuation rose by 7.5% year-over-year to $4.0 billion.
According to BLS Occupational Employment and Wage Statistics, the Buffalo-Cheektowaga-Niagara Falls, NY MSA employed 720 Cement Masons and Concrete Finishers (SOC 47-2051) as of May 2023, representing a density of 1.364 per 1,000 jobs.
Residential building permit volume in the Buffalo MSA peaked at 3,197 units in 2022, declined to 2,101 units in 2023, and showed modest recovery with 2,659 authorized units for the 12-month period ending July 2024 (up from 2,558 units in the prior 12-month period).
In the Charlotte-Concord-Gastonia, NC-SC MSA, there were 1,640 Cement Masons and Concrete Finishers (SOC 47-2051) employed with a mean annual wage of $47,660, and 690 Brickmasons and Blockmasons (SOC 47-2021) with a location quotient of 1.41 relative to national concentration.
Residential construction permit volume in the Charlotte-Concord-Gastonia MSA remained near peak activity levels, with approximately 19,150 sales units permitted in 2023, representing a minor decrease of less than 1% from 19,250 units in 2022.
According to the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) May 2023 estimates, there were 4,620 Cement Masons and Concrete Finishers employed in the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, representing an employment density of 1.02 workers per 1,000 jobs and an annual mean wage of $76,900.
According to U.S. Census Bureau Building Permits Survey data, monthly residential permitting in the Chicago-Naperville-Elgin MSA showed moderate gains, rising from 1,542 permitted units in July 2020 to 1,851 units in July 2025 (a gain of 309 permits), balanced between multifamily increases (580 to 873 units) and single-family growth (842 to 901 units).
According to U.S. Bureau of Labor Statistics OEWS estimates for the Cincinnati, OH-KY-IN Metropolitan Statistical Area, the metro area employed 1,270 Cement Masons and Concrete Finishers (0.88 per 1,000 jobs) and 450 Brickmasons and Blockmasons (0.31 per 1,000 jobs).
Residential permitting in the Cincinnati MSA averaged approximately 2,550 units annually from 2021 through 2023. Single-family permitting expanded to 4,250 homes for the 12 months ending August 2025 (up from 3,925 in the prior 12-month period), while multifamily permitting moderated to 2,525 units over the same timeframe.
According to BLS OEWS data for the Cleveland-Elyria, OH MSA, there were 620 employed Brickmasons and Blockmasons (SOC 47-2021), representing 0.625 jobs per 1,000 total jobs in the metro area and a location quotient of 1.67.
In 2024, the City of Cleveland issued a record $3.11 billion in commercial construction permits across nearly 15,000 permits, remaining consistent in unit volume with 2023 while increasing significantly in total valuation due to large-scale megaprojects. Across the broader Cleveland-Elyria metro area, trailing 12-month residential building permits reached 4,175 units, a 28.6% year-over-year increase.
According to U.S. Bureau of Labor Statistics OEWS data for the Columbus, OH Metropolitan Statistical Area, the trade includes 870 employed Cement Masons and Concrete Finishers (SOC 47-2051) and 390 Brickmasons and Blockmasons (SOC 47-2021).
Following a decline in 2022 and early 2023 due to rising interest rates, residential building permit activity in the Columbus MSA rebounded sharply, reaching 13,709 to 16,118 units over trailing 12-month periods (a 63.7% year-over-year surge), led primarily by construction in Franklin County.
In the Dallas-Fort Worth-Arlington, TX MSA, specialty trade employment for this sector includes 6,050 Cement Masons and Concrete Finishers (1.53 per 1,000 jobs; location quotient 1.14) and 1,770 Brickmasons and Blockmasons (0.45 per 1,000 jobs; location quotient 1.19), representing over 7,800 active tradespeople across the metro area.
High volume and top-ranked nationwide: In 2024, building permit offices across the Dallas-Fort Worth-Arlington, TX MSA authorized 71,788 new private housing units, ranking #1 among all U.S. metropolitan areas for total residential building permit volume.
According to the U.S. Bureau of Labor Statistics May 2023 Occupational Employment and Wage Statistics (OEWS), the Denver-Aurora-Lakewood, CO MSA employed 2,820 Cement Masons and Concrete Finishers, representing an employment density of 1.774 per 1,000 jobs and a location quotient of 1.32.
According to U.S. Census Bureau Building Permits Survey data, residential building permit activity in the Denver-Aurora-Lakewood MSA declined from a peak of 23,472 authorized units in 2022 to 17,678 units in 2023 (a drop of nearly 25%) amid higher interest rates and elevated regional construction costs.
According to May 2023 BLS OEWS estimates, the Detroit-Warren-Dearborn, MI MSA employed approximately 2,000 Cement Masons and Concrete Finishers (SOC 47-2051) and 1,580 Brickmasons and Blockmasons (SOC 47-2021), indicating a significant regional concentration of trade professionals.
Total residential building permits in the Detroit-Warren-Dearborn metro area contracted in 2023 to 4,541 housing units, the lowest annual volume since 2012, reflecting high borrowing costs and material price inflation before stabilizing entering 2024.
In the Hartford-West Hartford-East Hartford, CT MSA, occupational trade data reports an estimated 300 Cement Masons and Concrete Finishers (SOC 47-2051) and 70 Brickmasons and Blockmasons (SOC 47-2021), totaling 370 skilled tradespeople across core concrete and masonry occupations.
Residential building permit activity in the Hartford-West Hartford-East Hartford, CT MSA reached 1,270 authorized housing units over the trailing 12 months ending May 2026, with May 2026 monthly authorizations increasing 79.1% year-over-year to 120 units (59.2% in multifamily structures).
According to the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS), the Houston-The Woodlands-Sugar Land, TX metropolitan statistical area employed 5,700 Cement Masons and Concrete Finishers (SOC 47-2051), representing a location quotient of 1.34 compared to the national average.
According to the U.S. Census Bureau Building Permits Survey, the Houston-The Woodlands-Sugar Land MSA issued 68,755 total residential housing units authorized by building permits in 2023 (50,444 single-family units). While total residential permits declined 9.3% from 75,786 units in 2022, Houston maintained the highest residential permit volume of any metro area in the United States.
In the Indianapolis-Carmel-Anderson, IN Metropolitan Statistical Area, 1,570 Cement Masons and Concrete Finishers (SOC 47-2051) were employed as of May 2023, representing a location quotient of 1.08 (density slightly above the national baseline) and an annual mean wage of $56,080.
Single-family building permitting in the 11-county Indianapolis metro area slowed in early 2023 (down 12% to 20% year-over-year) due to elevated mortgage rates, but reversed trajectory into late 2023 and 2025, posting a 6% year-over-year increase in single-family permits through mid-2025.
According to the Bureau of Labor Statistics OEWS, the Jacksonville, FL MSA employs approximately 1,020 Cement Masons and Concrete Finishers (SOC 47-2051) and 210 Brickmasons and Blockmasons (SOC 47-2021) in the trade.
Following a major expansion cycle from 2021 through 2023 in which Jacksonville ranked among the top per-capita permitting metros nationally, building permit volume experienced a cyclical moderation in 2024 due to elevated interest rates. Construction subsector employment in the metro expanded by 1,800 jobs (+3.6%) in 2023.
In the Kansas City, MO-KS metropolitan statistical area, the trade workforce includes 2,660 Cement Masons and Concrete Finishers (with a location quotient of 1.84, indicating higher concentration than the national average) and 560 Brickmasons and Blockmasons (location quotient of 1.38).
Single-family building permits across the eight-county Kansas City metro area totaled 4,388 units in 2025 (a 3% decline from 4,509 in 2024). However, permitting accelerated significantly in early 2026, reaching 2,358 single-family units through May 2026, a 32% increase compared to the same five-month period in 2025.
According to the U.S. Bureau of Labor Statistics, the Las Vegas-Henderson-Paradise, NV MSA employs approximately 2,450 Cement Masons and Concrete Finishers (SOC 47-2051) with a location quotient of 1.69, and 670 Brickmasons and Blockmasons (SOC 47-2021) with a location quotient of 1.66, demonstrating higher worker density in concrete and masonry trades compared to the national average.
Residential building permit and housing construction activity in the Las Vegas-Henderson-Paradise MSA contracted during 2022 and 2023 due to rising interest rates, with new and existing home sales falling 22% in 2023 following a 26% decline in 2022, before stabilizing with three-year forecast demand estimated at 33,650 new sales units and 10,300 rental units.
According to the BLS OEWS, the Los Angeles-Long Beach-Anaheim, CA metropolitan statistical area employed approximately 8,050 Cement Masons and Concrete Finishers (SOC 47-2051) as of May 2023, representing an occupational concentration of 1.30 per 1,000 total jobs in the region and an annual mean wage of $68,000 ($32.69/hour).
Residential building permit volume in the Los Angeles-Long Beach-Anaheim MSA experienced a moderate multi-year decline, falling from 31,295 total authorized private housing structures in 2022 to 28,735 in 2023, and further to 27,242 structures in 2024.
According to the U.S. Bureau of Labor Statistics OEWS estimates, the Louisville/Jefferson County, KY-IN metropolitan statistical area employed 820 Cement Masons and Concrete Finishers (SOC 47-2051) with a location quotient of 0.92 compared to national occupational density.
According to HUD State of the Cities Data System (SOCDS) building permit data, residential permitting in Jefferson County experienced a sharp uptick from 2,811 total permitted housing units in 2022 to 3,713 units in 2023 (a 32% year-over-year surge), before settling to 2,863 permitted units in 2024.
According to U.S. Bureau of Labor Statistics May 2023 OEWS estimates for the Memphis, TN-MS-AR metropolitan statistical area, the local trade workforce included approximately 500 Cement Masons and Concrete Finishers (SOC 47-2051) with an hourly mean wage of $22.46, and approximately 160 Brickmasons and Blockmasons (SOC 47-2021) with an hourly mean wage of $25.00.
Data from the U.S. Census Bureau Building Permits Survey indicates a downward trend in total housing units authorized by building permits in the Memphis, TN-MS-AR MSA through 2024 and 2025 relative to peak pandemic/post-pandemic levels (2021-2022), driven by elevated mortgage rates and cooling overall construction activity.
The Miami-Fort Lauderdale-Pompano Beach, FL Metropolitan Statistical Area employs approximately 3,490 Cement Masons and Concrete Finishers.
Residential building permitting in the Miami-Fort Lauderdale-Pompano Beach MSA totaled 19,999 units in 2023 (5,028 single-family and 14,971 multi-family units), stabilizing following a 21.7% drop in residential building permits between 2021 and 2022 (down to 19,813 units valued at $5.6 billion).
According to U.S. Bureau of Labor Statistics May 2023 Occupational Employment and Wage Statistics (OEWS) data, the Milwaukee-Waukesha-West Allis, WI metropolitan statistical area employed 900 Cement Masons and Concrete Finishers (SOC 47-2051) earning an annual mean wage of $67,810, and 260 Brickmasons and Blockmasons (SOC 47-2021) earning an annual mean wage of $73,620, totaling 1,160 specialized concrete and masonry trade professionals in the metro area.
Single-family residential building permit volume in the Milwaukee-Waukesha metropolitan area increased during the 12 months ending August 2025 compared to the previous 12-month period, demonstrating an upward trend in single-family residential construction activity following earlier market adjustments.
According to the Bureau of Labor Statistics May 2023 Occupational Employment and Wage Statistics (OEWS), the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan statistical area employed 2,110 Cement Masons and Concrete Finishers (SOC 47-2051) and 970 Brickmasons and Blockmasons (SOC 47-2021), establishing a core skilled labor workforce across structural concrete, flatwork, and masonry trades in the metropolitan area.
According to HUD User and U.S. Census Bureau Building Permits Survey data, residential permit volume in the Minneapolis-St. Paul-Bloomington MSA trended upward through late 2025: single-family home permits reached 10,500 units (a 14% increase year-over-year) and multifamily construction permits rebounded to 6,550 units (a 22% increase year-over-year) over the 12 months ending October 2025.
In the Nashville-Davidson--Murfreesboro--Franklin, TN Metropolitan Statistical Area, occupational data indicates a trade labor force comprising approximately 820 cement masons and concrete finishers along with 540 masons (brickmasons and blockmasons).
Residential building permit activity in Nashville-Davidson, TN experienced a downward trend, decreasing from 11,158 permitted housing units in 2023 to 6,799 units in 2024, a reduction of approximately 39.1% (-4,359 units).
Residential building permits in the New Orleans-Metairie MSA experienced a steep contraction of -68.4% (total permitted units falling from 376 to 119), with single-family permits declining 75%, representing one of the steepest single-family permit drops among top U.S. metropolitan areas.
According to the Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS), the New York-Newark-Jersey City, NY-NJ-PA metropolitan area employed 9,180 Cement Masons and Concrete Finishers (SOC 47-2051) and 3,550 Brickmasons and Blockmasons (SOC 47-2021).
Per the U.S. Census Bureau Building Permits Survey, total residential housing units authorized by building permits in the New York-Newark-Jersey City, NY-NJ-PA metro area reached 47,828 units in 2024, representing a 17% decline compared to 57,929 units permitted in 2023, with multi-family structures comprising over 78% of total authorizations.
According to the U.S. Bureau of Labor Statistics May 2023 Occupational Employment and Wage Statistics (OEWS) data for the Oklahoma City, OK Metropolitan Statistical Area, the trade workforce includes an estimated 1,470 Cement Masons and Concrete Finishers (SOC 47-2051) and 170 Brickmasons and Blockmasons (SOC 47-2021).
Residential building permit activity in the Oklahoma City metro area increased in early 2024, with single-family home permitting rising 19% year-over-year to 1,300 homes permitted in Q1 2024, while multi-family housing permits surged to approximately 410 units compared to 80 units during Q1 2023.
According to the BLS May 2023 Occupational Employment and Wage Statistics (OEWS) report for the Orlando-Kissimmee-Sanford, FL MSA, the metropolitan area employed 2,090 Cement Masons and Concrete Finishers (SOC 47-2051) with a location quotient of 1.14 (mean annual wage $47,290) and 700 Brickmasons and Blockmasons (SOC 47-2021) with a location quotient of 1.38 (mean annual wage $48,250).
According to the U.S. Census Bureau's Building Permits Survey data for the Orlando-Kissimmee-Sanford, FL MSA (series ORLA712BPPRIV), new private housing building permit authorizations peaked during the 2021-2022 market expansion and subsequently moderated into a steady, elevated baseline from 2023 through 2025, reflecting persistent underlying residential construction activity.
According to the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS), the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Metropolitan Statistical Area employed 2,130 Cement Masons and Concrete Finishers (SOC 47-2051) in May 2023 and 1,160 Brickmasons and Blockmasons (SOC 47-2021) in May 2022.
Residential building permit authorization in Philadelphia experienced a steep drop following a pre-tax-abatement expiration surge in 2021 (26,166 units authorized). Permit volume fell to 3,827 units in 2023 and reached an 11-year low of 2,982 authorized housing units in 2024.
According to the May 2024 Occupational Employment and Wage Statistics, the Phoenix-Mesa-Chandler MSA employed 5,050 Cement Masons and Concrete Finishers (SOC 47-2051), ranking as one of the largest metropolitan employment totals for the concrete trade in the United States.
New private housing structures authorized by building permits in the Phoenix-Mesa-Chandler MSA moved from 50,969 units in 2021 to 46,658 in 2022, 44,808 in 2023, and 44,661 in 2024, indicating a modest cooling and stabilization in overall residential permitting activity following peak levels.
According to the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS), the Pittsburgh, PA MSA employed 890 Cement Masons and Concrete Finishers (SOC 47-2051) and 360 Brickmasons and Blockmasons (SOC 47-2021) as of May 2023, totaling approximately 1,250 trade workers in these core concrete and masonry roles across the metropolitan area.
New private housing unit building permits authorized in the Pittsburgh, PA MSA declined from 2,512 units in 2023 to 1,664 units in 2024, reflecting a decrease of 848 units (or approximately 33.8%).
In the Portland-Vancouver-Hillsboro, OR-WA MSA, there were 1,640 employed Cement Masons and Concrete Finishers (SOC 47-2051), representing a density of 1.358 per 1,000 jobs in the metro area, as well as 220 Brickmasons and Blockmasons (SOC 47-2021) at a density of 0.18 per 1,000 jobs.
Residential permitting activity in the Portland metro area has experienced a steep downward trend. Permits for 1,835 residential dwelling units were issued in the City of Portland in FY 2023-24, representing a 70% decrease compared to FY 2022-23. U.S. Census Bureau BPS data similarly indicates that overall city housing unit permits fell 47.4% year-over-year from 3,089 in 2023 to 1,624 in 2024, with multifamily (5+ unit) permits dropping over 60% across Multnomah and Washington counties.
According to the U.S. Bureau of Labor Statistics May 2023 Occupational Employment and Wage Statistics (OEWS), the Providence-Warwick, RI-MA Metropolitan Statistical Area had an estimated 280 employed Cement Masons and Concrete Finishers (SOC 47-2051).
According to U.S. Census Bureau Building Permits Survey data, the Providence-Warwick, RI-MA MSA maintained a relatively low new residential construction permitting rate of 3.6 authorized housing units per 1,000 existing homes in 2024, ranking among the lower metropolitan areas nationwide for new housing permit volume.
According to the May 2023 Occupational Employment and Wage Statistics (OEWS) for the Raleigh, NC Metropolitan Statistical Area, the metro employed 1,220 Cement Masons and Concrete Finishers (SOC 47-2051) and 320 Brickmasons and Blockmasons (SOC 47-2021), representing a high concentration of specialized concrete and masonry trade labor in the Research Triangle region.
The Raleigh-Cary metro area ranks among the top metropolitan areas nationally for per-capita residential construction permits, authorizing 21,551 new housing units in 2022 and maintaining a rate of 28.8 new units authorized per 1,000 existing homes (approx. 12.8 to 14.9 permits per 1,000 residents), driven by strong net migration and single-family and multi-family development.
According to BLS OEWS estimates, the Richmond, VA MSA employed approximately 650 Cement Masons and Concrete Finishers (SOC 47-2051) as of May 2023, supporting foundation, slab, and structural concrete trade demand across the metropolitan area.
Residential building permit volumes in the Richmond, VA MSA showed a downward trajectory in 2024 and 2025 relative to prior peak post-pandemic levels, reflecting broader macroeconomic headwinds and elevated mortgage interest rates impacting new single-family and multifamily starts.
As of May 2023, there were 4,420 Cement Masons and Concrete Finishers (SOC 47-2051) employed in the Riverside-San Bernardino-Ontario, CA MSA, corresponding to an employment density of 2.66 workers per 1,000 jobs and a location quotient of 1.99 relative to the national baseline.
According to the U.S. Census Bureau Annual Building Permits Survey, total new private housing units authorized by building permits in the Riverside-San Bernardino-Ontario, CA MSA declined by 21.9% from 20,268 units in 2023 to 15,824 units in 2024.
According to BLS Occupational Employment and Wage Statistics (OEWS), there were 2,660 Cement Masons and Concrete Finishers (SOC 47-2051) employed in the Sacramento-Roseville-Arden-Arcade MSA, representing a density of 2.54 workers per 1,000 jobs (a location quotient of 1.89 relative to the national average).
Residential building permit activity in the Sacramento-Roseville-Folsom MSA trended upward, with 1,094 housing units authorized in May 2026 (+14% year-over-year) and 10,042 units permitted over the trailing 12-month period.
In the Salt Lake City, UT Metropolitan Statistical Area, there are approximately 1,560 employed Cement Masons and Concrete Finishers (SOC 47-2051) and 160 Stonemasons (SOC 47-2022).
Residential building permit authorizations in Utah declined 45% from a peak of 40,144 units in 2021 down to 21,966 units in 2024 due to high mortgage rates, before experiencing a rebound in multi-family unit permitting in 2025.
In the San Antonio-New Braunfels, TX MSA, there were 1,400 Cement Masons and Concrete Finishers (SOC 47-2051) and 620 Brickmasons and Blockmasons (SOC 47-2021) employed across all industries, representing a total of 2,020 primary concrete and masonry tradespeople in the metropolitan area.
Residential building permit volume in the San Antonio-New Braunfels MSA and wider Texas region experienced a pullback in 2025, with statewide single-family permit issuance decreasing by 11.7% year-over-year due to elevated interest rates and affordability constraints after high post-2020 construction activity.
In the San Diego-Chula Vista-Carlsbad, CA MSA, there are 206 Poured Concrete Foundation and Structure Contractor establishments (NAICS 238110) according to California EDD / County of San Diego data, and 2,210 Cement Masons and Concrete Finishers (SOC 47-2051) employed across the metro according to BLS OEWS statistics.
In 2023, building permit offices authorized 5,765 total housing units in San Diego, CA, representing a 30.4% increase over 4,422 units in 2022, making it one of the top gainers in the Western U.S. before overall metro residential permitting slowed down in 2024.
As of May 2023, there were 3,170 Cement Masons and Concrete Finishers employed in the San Francisco-Oakland-Hayward, CA Metropolitan Statistical Area, representing a trade employment density of 1.31 workers per 1,000 jobs.
Residential building permit volume in the San Francisco-Oakland-Berkeley metro area experienced a sharp downturn, plunging 32.3% year-over-year in 2023 following an 18.8% decline in 2022 (to 11,048 authorized units).
According to the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics, the San Jose-Sunnyvale-Santa Clara, CA metropolitan statistical area employs approximately 1,820 Cement Masons and Concrete Finishers (SOC 47-2051), representing a location quotient of 1.19 relative to the national average worker density.
According to the U.S. Census Bureau Building Permits Survey, residential building permit activity in the San Jose-Sunnyvale-Santa Clara metro experienced a steep decline of 68%, falling from 1,949 total unit permits down to 623 (comparing July 2020 to July 2025), driven largely by a 74% contraction in multifamily unit permits from 1,697 down to 449.
According to BLS OEWS May 2023 data for the Seattle-Tacoma-Bellevue, WA MSA, there were 2,940 Cement Masons and Concrete Finishers (SOC 47-2051) and 490 Brickmasons and Blockmasons (SOC 47-2021) employed across the metropolitan statistical area.
Per HUD SOCDS building permit data reported by MBAKS, Seattle metro single-family permits grew 16% YTD through September 2024 to 5,135 units, while multifamily permits dropped 12% to 7,452 units. According to the U.S. Census Bureau Annual Building Permits Survey, total privately-owned housing units authorized in the Seattle-Tacoma-Bellevue MSA were 17,223 units in 2024, representing a 3.9% decline from 17,920 units in 2023.
According to the U.S. Bureau of Labor Statistics, the St. Louis, MO-IL MSA employed 2,310 Cement Masons and Concrete Finishers (SOC 47-2051) and 860 Brickmasons and Blockmasons (SOC 47-2021), totaling 3,170 specialized concrete and masonry trade workers across the metropolitan statistical area.
Residential building permit volume in the St. Louis metropolitan area experienced a multi-year decline from 2019 through 2025, reaching a multi-year low of 5,417 total housing unit permits authorized in 2025 (including 3,530 single-family unit permits), ranking the metro 58th nationwide.
In the Tampa-St. Petersburg-Clearwater, FL MSA market directory for public construction opportunities, there are 91 identified Poured Concrete Foundation and Structure Contractors (NAICS 238110).
Residential building permitting in the Tampa-St. Petersburg-Clearwater MSA moderated in 2023 from peak levels in 2021-2022, totaling 23,412 housing units authorized (13,517 single-family and 9,895 multi-family units), with 18,850 rental units under active construction entering 2024.
In the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan statistical area, there were 960 employed Cement Masons and Concrete Finishers (SOC 47-2051) as of May 2023, representing a density of approximately 1.30 workers per 1,000 jobs (location quotient of 0.97).
Residential permitting activity in the Virginia Beach-Norfolk-Newport News area moderated following 2021-2022 highs, running at roughly 4,000 to 5,000 single-family permits annually through late 2024 as higher interest rates slowed construction pace.
According to Census County Business Patterns data for the Washington-Arlington-Alexandria, DC-VA-MD-WV MSA, the metropolitan area contained 137 poured concrete foundation and structure contractor establishments (NAICS 238110) and 101 masonry contractor establishments (NAICS 238140), totaling 238 employer establishments across these specialty concrete and masonry trades.
In the Washington-Arlington-Alexandria, DC-VA-MD-WV MSA, total residential housing units authorized by building permits reached 21,173 units in 2023 (10,087 single-family and 11,086 multi-family), reflecting a ~34% decline from 32,296 total units authorized in 2022 due primarily to a ~40% slowdown in multi-family unit permitting.
Building stock (demand base)
Age can inform trade-specific replacement mechanisms, but this cross-sectional file does not measure replacement speed or prove a tailwind across trades. Public state and county tax-assessor and property records (aggregated). Aggregate-only; no individual property or owner identified.
| Construction era | Buildings | Share |
|---|---|---|
| pre-1960 | 1,675,481 | 18.4% |
| 1960-79 | 1,224,848 | 13.5% |
| 1980-99 | 1,367,312 | 15.1% |
| 2000-09 | 756,810 | 8.3% |
| 2010+ | 477,451 | 5.3% |
| unknown | 3,582,985 | 39.4% |
Firmographics
Aggregated public business firmographic records (multi-source SMB dataset). Revenue/employee/age/employer-rating distributions per trade. Aggregate only; no individual company identified.
| Companies analyzed | 12,514 |
| Revenue (p25 / median / p75 / p90) | $6.7M / $12.8M / $23.8M / $38.5M |
| Employees (p25 / median / p75) | 38 / 59 / 96 |
| Median founding year | 2002 |
| Avg employer rating | 3.6★ |
Historical public-company reference
Snapshot dated 2026-07-23. These large scaled operators provide historical context, not live quotes, current valuation comparisons, or a benchmark for a typical private contractor.
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