Truist Reports on Construction Industry Reaction to "Big, Beautiful Bill"

Charlotte, NC, July 7, 2025-Trust reported about how industry trade groups have reacted to the recently-signed "One, Big, Beautiful Bill." 

“President Trump recently signed the ‘One, Big, Beautiful Bill’ (OBBB) into law. This was a comprehensive spending bill, with impacts on multiple areas of the economy, including the construction markets. The National Association of Home Builders (NAHB) came out in support of the legislation, saying that it would promote land development and construction of multi-family and single-family housing. Another trade group, the Associated Builders and Contractors (ABC), also supported the bill. More specifically, the ABC favored tax certainty that they said should allow contractors to reinvest in their businesses and workforce, estate tax certainty, renewing the immediate expensing of capital investments, deducting domestic research, and exempting overtime pay from federal income tax. Most of these benefits called out by the ABC could help address construction labor challenges.”