This report forecasts US construction expenditures in nominal and real (inflation-adjusted) US dollars to 2020. Construction expenditures in nominal dollars are segmented by market in terms of: single-unit residential, multiple-unit residential, residential improvements, office and commercial building, institutional building, industrial building, transportation building, other nonresidential buildings, utilities, transportation, and other nonbuilding construction. Expenditures in nominal dollars are also segmented by US region as follows: South Atlantic (South), West South Central (South), East South Central (South), Pacific (West), Mountain (West), East North Central (Midwest), West North Central (Midwest), Middle Atlantic (Northeast), and New England (Northeast).
To illustrate historical trends, construction expenditures in nominal and real terms, and the various segments in nominal terms are provided in annual series from 2005 to 2015. A Market Environment section provides pertinent background on historical trends, key economic indicators, and trends in interest rates. A Segmentation and Forecasts section defines markets and regions, discusses market drivers and constraints, and assesses the impact of key drivers and constraints on each market and region segment over the forecast period.
Further analysis includes an Industry Structure section, which surveys the supply base and profiles the leading firms competing in the US industry. A one-page, introductory Highlights section summarizes key findings from this 23-page report, and a Resources section lists contributing sources as well as resources available for further research.