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United States construction market: New market research published

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Construction in the US - Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-05 19:50:02
The US construction industry valued US$1 trillion in 2012, and recorded a CAGR of -5.32% during the review period (2008-2012). This was largely a result of the countrys economic downturn, as well as the global financial crisis and subsequent austerity measures implemented by the government. Negative growth was experienced by all construction categories except infrastructure construction. Residential construction was the largest market, accounting for 30.6% of the value of the total US construction industry. It recorded a CAGR of -7.42% during the review period to value US$310.1 billion in 2012. Unfavourable economic conditions created by the governments austerity measures are making it difficult for US households to repay housing debt. Prospective buyers, especially those looking to get onto the property ladder, are also finding it difficult to secure mortgages without being asked to pay huge deposits.

Key Highlights

• The US construction industry valued US$1 trillion in 2012 and recorded a CAGR of -5.32% during the review period (2008–2012). This was largely a result of the countrys economic downturn, as well as the global financial crisis and subsequent austerity measures implemented by the government. Negative growth was experienced by all construction categories except infrastructure construction.
• Residential construction was the largest market, accounting for 30.6% of the value of the total US construction industry. It recorded a CAGR of -7.42% during the review period to value US$310.1 billion in 2012. Unfavourable economic conditions created by the governments austerity measures are making it difficult for US households to repay housing debt. Prospective buyers, especially those looking to get onto the property ladder, are also finding it difficult to secure mortgages without being asked to pay huge deposits.
• Government expenditure and gross investment rose by 9.6% in the third quarter of 2012, whereas national defence spending increased by 13% over the same period.
• The US budget deficit stood at 8.5% of GDP in 2012, compared with 10.2% in 2011. Unemployment levels declined to 7.8% in the fourth quarter of 2012. In the same year, the benchmark interest rate was at an all-time low.

Report Scope

This report provides a comprehensive analysis of the construction industry in the US:

• Historical (2008-2012) and forecast (2013-2017) valuations of the construction market in the US using the construction output and value-add methods
• Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
• Breakdown of values within each project type, by type of activity (new construction, repair & maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
• Analysis of key construction industry issues, including regulation, cost management, funding and pricing
• Assessment of the competitive environment using Porters Five Forces
• Detailed profiles of the leading construction companies in the US
• Profiles of the top ten construction mega-projects in the US by value

Reasons to Buy

• Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
• Assess market growth potential at a micro-level via 600+ time series data forecasts
• Understand the latest industry and market trends
• Formulate and validate business strategies by leveraging our critical and actionable insight
• Assess business risks, including cost, regulatory and competitive pressures
• Evaluate competitive risk and success factors

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