Insights

The tax landscape for real estate and construction businesses is shifting quickly this year. State and local tax issues are climbing, key provisions of the One Big Beautiful Bill Act (OBBBA) are reshaping financing and investment decisions, and more firms than ever are entering the tax credit transfer market for the first time. BDO's recent industry survey of tax leaders sheds light on where the pressure points are, and where the opportunities are too.

The real estate and construction industries are navigating a period of significant change—from shifting economic conditions and evolving regulations to new technology adoption and workforce challenges. BDO's annual industry predictions report provides valuable insights into the trends and pressures shaping the sector in 2026 and beyond.

The construction industry is facing unprecedented financial challenges as we move through 2025. From evolving tariffs and rising material costs to new tax legislation, construction companies are grappling with a complex web of economic factors that demand strategic financial planning and expert guidance.

Real estate and construction companies are on the precipice of a dramatic shift. Artificial intelligence (AI), particularly agentic AI, will permanently change how the industry does business, streamlining functions from back-office administration to logistics, data-heavy tasks, and more.

The reconciliation tax bill signed into law by President Trump on July 4 sets out sweeping tax changes, with many provisions of interest to the real estate industry. This Alert highlights the most important changes for the industry to focus on in tax planning.

Construction accounting isn't like other industries. While a retail business tracks inventory and a service company manages billable hours, construction companies juggle job costing across multiple projects, navigate complex progress billing cycles, manage retention holdbacks, and coordinate cash flow timing that can make or break profitability. These unique challenges require more than general accounting knowledge – they demand specialized expertise that only comes from year