GlobalData expects the construction industry in the US to grow by 1.8% in 2021 and 3.7% in 2022
Growth in the construction put in place series has accelerated in recent months, rising from an average of 3.0% in January-March to 8.4% in April-July 2021
Although the outlook is positive, GlobalData expects that supply-side constraints will continue to hamper overall construction activity this year, limiting developers’ ability to build more affordable housing units and take advantage of the acute shortage of homes in the sector
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