Spending on U.S. construction in 2017 to hit $1.2 trillion

January 9, 2018

As we look back on 2017, construction is on pace to close out another strong year – with nearly 4 percent higher spending on construction than 2016 levels. Looking at the top five largest growth sectors, we can begin to see where activity picked up throughout the year.

 

Transportation: A significant uptick in airport renovation and expansion work drove a substantial 13.5% increase.

Lodging & educational: 2017’s strong economy has increased consumer spending and interest in both sectors.

Healthcare: The U.S.’s aging population and expansion of outpatient facilities drove continued growth in the sector.

 

Read more about 2017 construction trends and 2018 expectations in our recently released Q3 2017 Construction Outlook

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