Market Research Reports, Inc. has announced the addition of “Construction in the US - Key Trends and Opportunities to 2018” research report to their offering. See more at- http://mrr.cm/ZgB

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Category : Construction
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Introduction to Report
 Launch Date: May 26, 2014
 Number Of Pages: 91
 Geography Coverage: USA
 Available Format: PDF
Price For Single User License: USD 1,950
Price For Site User License: USD 3,900
Price For Global User License: USD 5,850
Delivery Time: Within 24 Hours (During Working Days)

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About the Report
The US construction industry recorded a nominal CAGR of 0.61%
during the review period. Over the forecast period, its output is
expected to record a CAGR of 7.12%. This growth will be driven
by the recovering economy and increased government spending
on public infrastructure.
The infrastructure and residential construction markets
collectively accounted for 64.8% of the total construction
industry in 2013, and this is expected to grow over the forecast
period due to both increased investment in upgrading aging
infrastructure, and strong demand in the housing sector.
Moreover, factors such as government efforts to promote
exports and innovation, and improve healthcare, as well as a
decline in the mortgage delinquency rate will also support the
industry’s growth.

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Research Finding
The US construction industry has been in an expansionary
phase since early 2011, having suffered greatly over the
preceding three years. According to the US Census Bureau and
Department of Commerce, construction output value increased
from US$857 in 2012 to US$898.4 in 2013. In 2013, the values of
private and public construction increased by 8.5% and 2.8%
respectively, relative to 2012.
The housing market is also improving. According to the
Mortgage Bankers Association (MBA), the mortgage delinquency
rate in 2013 was 6.4% (a decline of 70 basis points over 2012),
and is approaching towards the historical average of 5%, while
the foreclosure declined by 33% during the same period. These
factors will support the growth in the construction industry over
the forecast period.
According to the American Society of Civil Engineers (ASCE),
one out of nine bridges is deficient, 42% of major urban
highways are congested and 32% of major roads are in poor
condition.

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Research Finding Continues…
In a bid to upgrade the country’s road transport, the 2013
budget includes a Surface Transportation Reauthorization Bill,
worth US$476 billion for a period of six years, which will finance
all highway, bridges and mass transit construction projects until
2018.
The country’s seasonally adjusted manufacturing sales
increased in 2013, from US$1,667.4 billion in the second quarter
to US$1,701.5 billion in the third, while their seasonally adjusted
after-tax profit increased from US$141.1 billion to US$150.6
billion during the same period. According to the Markit, the
purchasing managers’ index (PMI) reached 55.0 in December
2013 – the highest figure all year – indicating significant
improvement in business conditions.

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Research Finding Continues…
According to the Global Innovation Index, the country’s
innovation ranking improved from 10th position in 2012 to 5th
in 2013. In order to remain globally competitive, the government
proposed to increase federal research and development (R&D)
spending in the 2013 budget to US$140.8 billion, an increase of
1.4% over 2012. The 2013 budget also includes the expanded
and permanent research and experimentation tax credit (R&E)
for companies to promote investment in this innovation.
Moreover, the 2014 budget proposed an investment of US$3.2
billion for research infrastructure, out of the total federal R&D
spending of US$142.8 billion, which includes the construction
and renovation of R&D facilities and the purchase of R&D
equipment.

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Report Covered:
Executive Summary
Market Overview
Commercial Construction
Industrial Construction
Infrastructure Construction
Institutional Construction
Residential Construction
Company Profile: Bechtel Corporation
Company Profile: Kiewit Corporation
Company Profile: URS Corporation
Company Profile: KBR, Inc.
Company Profile: Fluor Corporation
Market Data Analysis
Appendix

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Company Covered
1. Bechtel Corporation
2. Kiewit Corporation
3. URS Corporation
4. KBR, Inc.
5. Fluor Corporation

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