Industry Analysis & Industry Trends
Growth is expected to slow in the coming years as stimulus-funded projects end; however, a new federal bill is expected to propel demand in the long term. Operators will continue to rely on state and local governments to fund new projects, and a recovering economy will revive downstream markets, fueling industry demand. Demand for private roads will coincide with growth in the building markets, supporting revenue... purchase to read more
Industry Report - Industry Analysis Chapter
Since the start of the recession, private investment in land developments has been crippled by tight credit conditions, high unemployment, depreciating property values and weak consumer spending. Additionally, the fall in economic activity has lowered state and local tax receipts, hurting funding for public construction projects, including civil works and infrastructure projects. Despite this slump in investment, the Road and Highway Construction industry has been able to weather the storm, due to support from a robust federal stimulus investment program aimed at infrastructure development. As a result, revenue has grown at an average annual rate of 2.8% to $49.7 billion in the past five years... purchase to read more