In 2023, the construction output in the US stood at 170.00 billion USD. From 2024 to 2028, the forecasted growth displays a steady increase in construction output. The year-on-year growth rates are estimated as follows: 2025 (8.48%), 2026 (7.74%), 2027 (7.14%), and 2028 (6.59%). Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is projected at approximately 7.48%.
Future trends to watch for include:
- The impact of technological advancements and digital transformation in the construction sector.
- Demographic shifts and urbanization potentially driving demand for residential and commercial buildings.
- Environmental regulations and sustainability initiatives influencing construction practices and market dynamics.
- Economic fluctuations and interest rates affecting construction financing and investment.
Latest reports
US Construction Market Report- Q1 2025
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UK Construction Market Report- Q1 2025
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France Construction Market Report- Q1 2025
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Brazil Construction Market Report- Q1 2025
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Italy Construction Market Report- Q1 2025
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