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Southern States Will Lead Construction Renaissance


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The news appears to be good for future construction in the U.S., according to industry analytics firm, Global Construction Perspectives and Oxford Economics. The numbers show that U.S. construction is set to outpace that of China by 2030, a domestic rise in building that will take place largely in the southern states of the U.S. China’s government-subsidized building boom will take a backseat, the report predicts, due to a measurable cooling off of the Asian construction sector generally. Construction was one of the most affected industries in the U.S. during the 2008 Great Recession, as funding fell off dramatically with the economic downturn. Read more...