NAICS Sector 23 · IRS SOI + Census CBP 2023

Construction

SBA 7(a)/504 files show 49,787 loans ($20.0B) for NAICS 23, loan-count rank #2 of 24 sectors; FY2020→FY2025 trajectory is rising.

2.9%
Avg net margin
7.7M
Workers
73
Industries
$1.3T
Annual receipts

Construction payroll leans hard on Specialty Trade Contractors: that single 3-digit NAICS holds 65% of level-3 headcount. Sibling lines fill the rest, a concentrated industry mix inside the sector.

Where Construction employment sits

Census CBP level-2 sector rows · California holds 11.4% · top 5 = 37.3%

  1. #1 California 870,789
  2. #2 Texas 791,588
  3. #3 Florida 561,420
  4. #4 New York 371,275
  5. #5 Pennsylvania 260,932

Sector ranks #3 of 24 by establishment count.

SBA lending in NAICS 23

FY2020–FY2025 · 7(a)+504 roll-up · #2/24 sectors by loan count

Loans

49,787

Volume

$20.0B

Jobs at origination

441,630

Top lender

The Huntington National Bank

FY2020→FY2025: 5700→11263 loans (rising, +5563).

CBP payroll per worker: $77/yr · SOI receipts/est $1.6M.

Highest-margin industries in Construction

Pre-tax net margin by sub-industry, IRS Statistics of Income 2023.

Specialty Trade Contractors4.3%Heavy and Civil Engineering …2.6%Construction of Buildings2.6%

All Industries in This Sector

Industry Profit Margin
Construction of Buildings

NAICS 236

 2.6%
Heavy and Civil Engineering Construction

NAICS 237

 2.6%
Specialty Trade Contractors

NAICS 238

 4.3%

Top Profit Margins

Largest Employers

  1. #1 Specialty Trade Contractors 4,986,759
  2. #2 Construction of Buildings 1,621,439
  3. #3 Heavy and Civil Engineering Construction 1,051,261

Frequently Asked Questions

Who finances Construction small businesses?
49,787 SBA 7(a)/504 loans totaling $20.0B (FY2020–FY2026); sector loan-count rank #2/24. FY2020→FY2025 loan counts went 5700→11263 (rising). Busiest lender on record: The Huntington National Bank.
Where is Construction employment concentrated geographically?
California leads with 870,789 workers (11.4% of Census CBP sector headcount); next are Texas (791,588) and Florida (561,420). Top-5 share is 37.3%. Figures use level-2 sector rows only.
How wide is the margin gap inside NAICS 23?
IRS SOI prints a 2.9% sector average for Construction, but the sub-industry spread is 1.7 pp, from Specialty Trade Contractors at 4.3% down to thinner lines in the same sector.
Disclaimer: PlainBizBench provides publicly available IRS and Census data for informational purposes only on NAICS 23 (Construction). This is not financial, tax, or business advice. Consult a qualified accountant or financial advisor for business-specific guidance.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from official public datasets. See our methodology for details. Retrieved and formatted by PlainBizBench

Census CBP 2023 + IRS SOI 2013 for NAICS 23 · SBA 7(a)/504 $20.0B. CSV: sector 23 rows.

Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates every industry within this sector, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.

Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.