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2022 was a busy year. With a year over year growth of 8%, the industry market growth in 2022 is slower than the overall US economy. Of all the revenue in the US, construction accounts for $2.7 trillion in 2022. Construction projects reflect the focus of the economy. With an increased interest in life sciences, …
THE ECONOMIC ROAD AHEAD: 2021 AND 2022 Construction economic forecasters looking into 2022 have their sights on industry growth and modest spending increases. While the construction industry fared pretty well overall in 2020, most construction companies are approaching growth with cautious optimism. In 2020 construction experienced modest declines across the commercial industry (24% overall) with office (9%) …
CONSTRUCTION INDUSTRY UPDATES FROM CONSTRUCTION EXPERTS, INC. Read More »
The construction industry is divided up into a variety of sectors: commercial, industrial, heavy civil, non-residential, and residential. The industry news resource Construct Connect released a construction economic snapshot at the beginning of August and published the following data. Currently the largest sectors of growth from June 2021 to July 2021 are Residential Industrial Private …
AUGUST 2021 CONSTRUCTION INDUSTRY UPDATE: HIGHS & LOWS Read More »
2022 brings growth across construction industry sectors including healthcare, education, and transportation, and residential. Recreation and hotels will struggle to get back to pre-pandemic levels of growth. Across the nation roadwork and bridge construction is growing by 6%. Our students will be busy and in need of continuing education. Large projects drive spending however …
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