United States Construction Market Report 2024-2028: Projected U.S. Construction Industry Growth to Surpass $1.53 Trillion by 2028 [Yahoo! Finance]
General Motors Company (GM)
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Source: Yahoo! Finance
and units), Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering. The construction industry in the United States is expected to grow by 5.6% to reach USD 1.27 trillion in 2024. The growth momentum is expected to continue over the forecast period, recording a CAGR of 4.7% during 2024-2028. The construction output in the U.S. is expected to reach USD 1.53 trillion by 2028. The United States government has announced several policy measures that aim to support infrastructure development. This, coupled with the government's effort to bring manufacturing back to its shores, will provide growth support to the construction market over the medium term. While the long-term outlook of the sector remains robust, soaring construction costs can dampen the short-term growth prospects of the United States construction market. Some South Korean firms have suspended their construction projects across the United States. Samsung and LG are among the leading South Korean firms
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