By applying the principles of system dynamics and using Vensim software for simulation, taking Shandong Province as a case study, an analysis has been made of the dynamic factors for the high-quality development in the construction industry from the perspectives of economic benefits, industrialization, digitalization, and greenization. Research has shown that economic benefits serve as the foundation for the high-quality development in the construction industry. Industrialization, digitalization, and greenization of the construction industry exert a promoting effect on its high-quality development. Only through the coordinated development of the three factors can the high-quality development of the construction industry be achieved, with its transformation and upgrading accelerated as well.