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Municipal Building Construction in New Mexico

Author.Name IBISWorld United States Last Updated: August 2025 NAICS NM23622b

Municipal Building Construction in New Mexico industry analysis

The Municipal Building Construction industry in New Mexico is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x.x% to xxx locations. Industry employment has decreased an annualized -x.x% to xxx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x% to xxx locations. Industry employment is expected to decrease an annualized -x.x% to xxx workers, while industry wages are forecast to decrease -x% to $x.x million.

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About the Municipal Building Construction in New Mexico Market Research Report

What’s Included in the Municipal Building Construction in New Mexico Market Research Report

Definition of the Municipal Building Construction in New Mexico?

This industry comprises contractors that are responsible for the complete construction (i.e. new work, additions, alterations and repairs) of institutional buildings, such as schools, hospitals, churches, civic centers and prisons. The industry also includes operators that perform construction management on institutional building projects. Types of operators include general contractors, design builders, engineer-constructors, joint-venture contractors and turnkey contractors.

What’s included in the Municipal Building Construction in New Mexico?

The Municipal Building Construction in New Mexico includes church, synagogue, mosque, temple and related building construction, hospital, medical building and clinic construction, special medical and elderly care facility construction, prison and corrective center construction, law court construction, primary, secondary and tertiary educational building construction, preschool building construction, gallery and museum construction, community recreation, performance or meeting center construction and public park and campground construction. Related terms covered in the Municipal Building Construction in New Mexico industry report includes an agreement to construct a project through to its completion for end use, buildings constructed for public benefit rather than commercial operations (e.g. schools, hospitals, prisons and museums). these buildings are generally funded by public or charitable organizations, a group of developers used to construct a building or complex, a written offer or bid to contract goods or services at a specified cost or rate and refers to a venture funded by both public and private organizations.

Industry Performance of the Municipal Building Construction industry in New Mexico

Benchmark the Municipal Building Construction in New Mexico industry performance with all NM county and national performance.

Municipal Building Construction in New Mexico

#40 in Highest Revenue 0.3% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Municipal Building Construction in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Municipal Building Construction industry in New Mexico

See how key industry drivers, such as house price index, newly issued building permits, private investment in non-residential construction, value of private nonresidential construction, local and state government investment and population are impacting Municipal Building Construction in New Mexico

New Mexico Economic Indicators

House Price Index
Newly issued building permits
Private Investment in Non-Residential Construction

View more economic information in NM State Economic profile

US Key External Drivers

Value of private nonresidential construction
Local and state government investment
Population

For the full list of industry drivers, see report purchase options.

County Data of the Municipal Building Construction industry in New Mexico

Access proprietary data on county in the Municipal Building Construction in New Mexico, such as Bernalillo County, Dona Ana County and Santa Fe County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Municipal Building Construction industry in New Mexico

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Municipal Building Construction industry in New Mexico in 2025?

The market size of the Municipal Building Construction industry in New Mexico is $890.5m in 2025.

How many businesses are there in the Municipal Building Construction industry in New Mexico in 2025?

There are 372 businesses in the Municipal Building Construction industry in New Mexico, which has been growing at an average annual rate of 0.9% from 2020 to 2025.

Has the Municipal Building Construction industry in New Mexico grown or declined over the past 5 years?

The market size of the Municipal Building Construction industry in New Mexico has been declining at an average annual rate of -2.8% from 2020 to 2025.

How many employees in the Municipal Building Construction industry in New Mexico in 2025?

There are 968 employees in the Municipal Building Construction industry in New Mexico, which has been declining at an average annual rate of -0.2% from 2020 to 2025.