The «Construction in the United States of America (USA) – Key Trends and Opportunities to 2025 (Q4 2021)» report has been added to ResearchAndMarkets.com’s offering.
The US construction industry is expected to expand by 0.8% in real terms this year, following an annual growth of 1.5% in 2020. Construction output growth, in real terms, was relatively flat in the first three quarters or 2021, with output expanding by 0.2% year on year (YoY), according to data from the US Bureau of Economic Analysis. This growth was supported by strong activity in the residential construction sector, which offset the continued weakness in the non-residential sector.
The publisher expects the industry to register annual growth in the range of 3.4-4.5% from 2022 to 2025, supported by an increase in investments on transport, electricity, and broadband infrastructure projects. In November 2021, President Joe Biden signed the US$1.2 trillion bipartisan infrastructure bill into law. It includes an investment of US$550 billion in infrastructure spending over the next five years. Of the total, the government allocated US$284 billion on improving the country’s transportation network. In another positive development, in November 2021 the US House of Representatives passed the US$1.8 trillion Build Back Better (BBB) bill, which now needs approval from the Senate.
The plan focuses on combating climate change, extending healthcare coverage and alleviating child poverty, among others. Although the government had planned to pass the BBB act in 2021, the president reported in mid-December 2021 that the negotiations will be extended into 2022.
The residential construction sector has been the standout performer of the US economic recovery from the Coronavirus (COVID-19) crisis, posting double-digit growth rates since the third quarter of 2020, and making significant contributions to the rebound of the economy and overall construction industry.
The residential sector is expected to continue expanding over the coming quarters, despite the ongoing supply chain challenges, including the shortage of building materials and rising prices, lack of skilled labor and expensive land. The government is also focusing on providing affordable housing, amid a nationwide spike in housing prices. As part of the BBB plan, the government allocated an investment of US$150 billion on affordable housing provisions, including the construction and rehabilitation of over one million affordable homes across the country.
The report provides detailed market analysis, information, and insights into the US construction industry, including:
- The US construction industry’s growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the US construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in the US. It provides:
- Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in the US, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Key Topics Covered:
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
3.5 Risk Profile
4 Construction Outlook
4.1 All Construction
4.2 Commercial Construction
4.3 Industrial Construction
4.4 Infrastructure Construction
4.5 Energy and Utilities Construction
4.6 Institutional Construction
4.7 Residential Construction
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
For more information about this report visit https://www.researchandmarkets.com/r/i3gruj