WASHINGTON and NEW YORK and LONDON, Nov. 10, 2015 /PRNewswire/ -- In September, construction spending reached its highest level since 2008. MarketResearch.com published a blog highlighting the factors that are contributing to residential construction market growth.
Check out the blog: http://hubs.ly/H01ntNb0
Last week, the Commerce Department reported that construction has increased 0.6% to $1.09 trillion. The construction market in the U.S. is expected to grow at a compound annual growth rate (CAGR) of 4.5 percent from 2014 to 2019.The construction of single-family homes rose 1.3%, while condominiums and apartments grew 4.9%.
Forecasts suggest that the apartment and condominium construction is going to slow down as the economy recovers and more people become homeowners. The housing market has improved as employment levels rise, disposable income increases, and more government initiatives are undertaken.
To learn more about the market for U.S. construction, check out some of our reports:
- Apartment & Condominium Construction in the U.S. - Industry Market Research Report http://www.marketresearch.com/IBISWorld-v2487/Apartment-Condominium-Construction-Research-9356612/?progid=88019
- Residential Construction Contractors http://www.marketresearch.com/First-Research-Inc-v3470/Residential-Construction-Contractors-9301841/?progid=88019
- Construction Market in the U.S. 2015-2019 http://www.marketresearch.com/Infiniti-Research-Limited-v2680/Construction-8994754/?progid=88019
These reports are also available on www.profound.com, where subscribers are able to purchase the individual sections, chapters, tables, or charts of a report they need without having to pay for the pieces they don't.
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