US construction industry valued US$1 trillion in 2012, and recorded a CAGR of -5.32% during the review period.

 This was largely a result of the country's 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 government's 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.


To Know More: US construction industry valued US$1 trillion in 2012, and recorded a CAGR of -5.32% during the review period.