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Construction Report

United States

Report | United States Construction Outlook - Winter 2012

Summary

​A conservative 2011 positions construction market for more growth opportunity beginning in 2012.

· The construction industry was perhaps one of the single most vulnerable industries since the start of the downturn, and it continues to suffer disproportionately.
 
· Current GDP growth levels are inadequate for encouraging business expansion and private investment, specifically in terms of construction of new buildings and renovations.
 
· The construction market appears to have hit bottom and is on a slow recovery track. The key to a sustainable recovery in the construction market, however, is strong job growth to facilitate demand for space across all sectors.

 

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