The U.S. construction market is one of the most important industries in the country and the world. Some of the most amazing manmade structures on the planet have come at the hands of U.S. production workers.
Here are a few general frequently asked questions that should help you better understand this important industry.
- How much money does the U.S. construction industry bring in?
As one of the biggest earners in any market, the American construction industry brings in roughly $1.731 trillion every single year. The U.S. expenditures this industry enjoys, however, thanks to being one of the largest markets in the entire world, is over $1.161 billion.
- Is the industry expected to spend more or less in the future?
As long as everything goes according to plan and nothing too major occurs, the U.S. construction industry should continue to make and spend more money in the near future. According to Construct Connect, the total residential construction spending is expected to grow roughly 7.4% this year and nonresidential is projected to increase 5.5%.
- How many jobs is the construction industry responsible for?
Thanks to the nationwide need for construction workers, there are roughly 7.8 billion production workers throughout the country working in construction.
- What are heavy haul companies responsible for?
Heavy haul companies have a variety of responsibilities in the construction sector, including demolition, heavy hauling, survey services, and excavation. The U.S. Occupational Safety and Health Administration (OSHA) defines an excavation as a man-made trench, cavity, or depression in the earth’s surface.
Thanks to skilled construction workers, not only does this industry bring home billions of dollars to be spent in the economy, we now have some magnificent structures across the country. There is no way to even imagine what the U.S. would look like without the hardworking people of the construction industry. Hopefully, this list of frequently asked questions helped you better understand this integral U.S. industry. If you want to learn more about civil construction companies or any aspect of the U.S. construction industry, contact Brown Bros, Inc. today.