With so many projects and ventures in the making in the United States, the construction industry is only expected to boom in the coming years. Until 2023, the growth rate of this industry shall be certain. It will continue to add to the economic and political development of the country.
The construction industry has previously witnessed healthy growth in the year 2019 alone. But 2020 has made many economies unstable, and the USA is no exception to this instability. Costs of construction material and machines will continue to rise due to distortion in the trade sector.
The U.S. government has been making major investments on the infrastructure. But in the coming days, these significant investments can most probably result in a lack of materials or another sort of disruption. All these disruptions can eventually affect the way your business works, be it the operations, the budget or anything else related to your business.
To learn more about the U.S. construction industry growth, facts and construction materials, have a look at the infographic below. It features some essential highlights from 2018 and 2019 to expectations in the coming years, until 2023.
Infographic by: TheBusinessBacker