Construction + Economy

ConstructConnect: U.S. Construction Spending to Approach $1.5 Trillion by 2021

Driven by mega projects, the value of U.S. new construction will rise to $1.45 trillion by 2021, according to a new forecast by ConstructConnect.

The annual average growth rate for total U.S. construction from 2010 to 2018 was +4.2%…

2018’s increase versus 2017 was +3.9%. In 2019, 2020 and 2021, the year-over-year total dollar volume will climb by +3.2%, +3.9% and +4.5% respectively…

Check out ConstructConnect’s detailed forecast here.

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Craig DiLouie

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