Let us examine the four regions of the United States as well as how experts expect these construction sectors to recover from the pandemic. Despite economic and geopolitical obstacles, construction starts in the United States should continue to rise for the rest of the year, according to a Dodge mid-year construction forecast webinar.
Construction starts are being hampered by the Ukraine conflict, supply chain concerns, and rising inflation, but Dodge experts forecast healthy growth in the sector, buoyed by a number of projects in the pipeline. Nonetheless, these analysts consider the chances of a recession in the next year or so to be “unreasonably high” – around 35%.
Others see the glass as half-full. The U.S. economy is not headed for a recession, according to Moody’s Analytics Chief Economist Mark Zandi, and it is not the most likely route for the economy. Construction data, anecdotal projects, and predictions for the West, Midwest, Northeast, and South areas of the United States are included in this series.
To know more, we have encapsulated the statistics and forecasts of each region to give a thorough analysis of what’s on the infrastructure plate and what more can be expected.
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