Source: https://www.propertycasualty360.com/, November 15, 2024
By: Darren Tasker

The U.S. construction market is currently in a sustained period of growth, driven by the onshoring of the manufacturing industry, the demand for data, the expected surge in government infrastructure spending and the transition to net zero.

Construction spending in the U.S. remains strong, advancing 8.8% for the first seven months of 2024 year-on-year, according to the Commerce Department’s Census Bureau. Activity has been bolstered by the $1.2 trillion Infrastructure Investment and Jobs Act as well as the $52 billion CHIPS and Science Act. Read more.