Five year outlook for US construction industry looks brighter

Words: Margaret FosterTimetric forecasts that the construction sector’s average annual growth is set to accelerate in real terms from 1.7% during the review period to 3.1% over the forecast period, increasing from US$1.0 trillion in 2014 to US$1.1 trillion in 2019 in real terms. Investments to modernize the country’s aging infrastructure and renewable energy sector alongside the growing population, which will generate demand for residential buildings, will be one of a number drivers of this growth.

Residential construction was the largest market during the review period and will retain this position, mainly supported by the government’s plans to increase the budget allocation by 1.9% to US$46.7 billion in 2015. The budget will support home ownership, sustainable community development and access to affordable housing to protect homeless and vulnerable families. Moreover, the country’s total population is expected to increase from 321.2 billion in 2010 to 338.0 billion by 2020*, which is expected to further increase demand for housing over the forecast period.

Energy and utilities will continue holding its position as the second largest market in the US construction industry. The government aims to increase the renewable energy in the country’s total electricity mix, from 9.8% in 2014 to 20.0% in 2020. It is also planning the installation of 10,000MW of renewable capacity in subsidized housing by 2020, and 3.0GW in military capabilities by 2025.

Commercial construction will also support the growth of the construction industry and will expand over the forecast period driven by improving economic conditions, an increase in consumer spending, and government investment in tourism, office and retail buildings.
Chemicals In Masonry
September 2026

Mason contractors must deal with chemicals on the job site. One of the main ones comes in the form of dust. Another is acid. From high-rise commercial structures to residential facades, masonry work involves handling raw materials that require careful man

Zach Everett
Safety Library
Safety
Read More
Brick Staining Dos and Don'ts: Managing Modern and Historic Masonry Construction
September 2026

Every mason contractor has encountered it, or will. A replacement brick arrives from a different production run. A cast stone repair patch or perhaps a darker panel stands out against the surrounding installation. Mortar color varies unexpectedly. A clea

Jennifer Gill
Technical Talks
Brick Staining Masonry Staining Staining
Read More
Gables Republic Square & Hotel ZaZa
September 2026

Gables Republic Square / Hotel ZaZa is a 24-story mixed-use boutique hotel and urban residential tower with street-level retail located on a 0.75-acre site in downtown Austin. Camarata Masonry Systems, Ltd. (CMS) was responsible for the supply and instal

Dawn Kornegay
Case Study
Brick Clay Brick Residential
Read More
The Utah Masonry Council's Masonry Education Day
September 2026

The 2026 Masonry Education Day at Interstate Brick in West Jordan is bringing together members of Utah’s architecture, engineering, and construction community for a day focused on education, technical understanding, and workforce development. The event r

Cassie Mejia
Industry News
Read More