Puerto Rico Construction Report 2022
The crisis that have battered Puerto Rico have not waned the demand for the construction of housing and has increased opportunities in this important economic sector.
There is enormous potential for growth in Puerto Rico’s construction sector as supply begins to catch up with demand. The crisis that have battered Puerto Rico over the past three years: hurricanes, earthquakes, and COVID-19 have not waned the demand for the construction of housing and has increased opportunities in this important economic sector, which is pivotal to ensure infrastructure safety and economic development.
Nearly 2,000 construction projects, which are part of the recovery process from the impact of hurricanes Irma and María, will finally begin in 2022, with a joint investment of over $6 billion from federal relief funds. Private efforts coupled with federal assistance (mostly through target reimbursements) will drive what is proving to be one of the fastest economic recoveries from a natural disaster in modern United States history.
