MarketResearch.com: US Construction Growth To Average 6.0% Annually To 2020

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Jun 27, 2016, 06:13 ET

WASHINGTON and NEW YORK and LONDON, June 27, 2016 /PRNewswire/ -- MarketResearch.com is pleased to announce the addition to its collection of four Freedonia Focus Reports forecasting various aspects of the US construction market. These chart-heavy reports with supporting narrative deliver key insights on growth opportunities for businesses involved in US construction, from building product suppliers to contractors.

Focus Reports provide market insights such as historical market size and industry output, segmentation by products and/or markets, market drivers and constraints, segment-by-segment outlooks in five-year forecasts, and profiles of leading companies. These reports focus on residential and nonresidential building construction in the US, with projections through 2020.

US construction expenditures are forecast to total $1.5 trillion in 2020, representing annual growth of 6.0% from $1.1 trillion in 2015. As analyzed in Construction: United States, residential building construction is forecast to remain the largest major segment, outpacing nonresidential building and nonbuilding activity with annual growth of 7.7% to 2020. To learn more, visit the report page: http://www.marketresearch.com/Freedonia-Focus-v3334/Construction-United-States-10100451/?progid=88825

Further analysis of the residential market is available in newly released Housing: United States, which forecasts US housing starts to total 1.6 million units in 2020. Growth will be fueled by single-unit conventional housing, the largest segment representing the fastest growth, expanding 8.9% annually to 1.1 million units in 2020. To learn more, visit the report page: http://www.marketresearch.com/Freedonia-Focus-v3334/Housing-United-States-10100445/?progid=88825

Recently published Nonresidential Building Construction: United States found that US spending on nonresidential building construction is expected to rise an average of 4.9% per year through 2020. The lodging and office market segments are projected to see the fastest growth at approximately 8.0% annually. To find out more about nonresidential building construction, visit our report page: http://www.marketresearch.com/Freedonia-Focus-v3334/Nonresidential-Building-Construction-United-States-10100448/?progid=88825

For broader analysis of US construction activity, Macroeconomy: United States forecasts US residential fixed investment to expand 8.3% yearly to 2020. The report also found that nonresidential fixed investment is projected to rise 4.5% per year to $2.9 trillion in 2020. To learn more, including various forecasts in real terms, visit the report page: http://www.marketresearch.com/Freedonia-Focus-v3334/Macroeconomy-United-States-10100484/?progid=88825

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About The Freedonia Group
The Freedonia Group, a division of MarketResearch.com, is a leading international industrial market research company that publishes more than 400 research studies annually and offers custom research solutions. Since 1985 they have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Reports can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.

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Caitlin Stewart
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