U.S. Construction Industry - Statistics & Facts

With expenditures reaching over 1,231 billion U.S. dollars, the United States is the one of the largest construction market worldwide. After the recession, construction projects that were once stalled have now accelerated their progress once again. Positive trends in the residential market are the primary drivers of the booming construction industry growth. Within the United States, new construction put into place is among the highest in the South Atlantic and Pacific regions. Bechtel is currently one of the largest U.S.-based construction firms. The construction and engineering company is headquartered in San Francisco was one of the largest construction contractors in the United States, based on revenues.

In the United States, private construction spending reached around 899 billion U.S. dollars in 2016. New construction put in place is forecast to reach over 1.4 trillion U.S. dollars by 2021. After the collapse of oil prices, the demand in the engineering and construction sector has slowed. Political and policy changes under the new White House government will also inevitably alter the construction industry. A downturn in business across the national construction industry will likely see companies focus more heavily on the South and Midwest regions. Aging infrastructure has also become a greater concern in the U.S. and a focus on updating infrastructure is expected.

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