The U.S. construction industry may be flourishing, but the benefits are not evenly spread throughout the country, according to Construction Dive, citing a study by GlobalData.
The study tracking 11,208 construction projects in the U.S. found that nearly 60% of all construction activity was concentrated in just 10 states: California, Texas, New York, Florida, Washington, Illinois, Pennsylvania, Georgia, Ohio and North Carolina.
The U.S. construction industry may be flourishing, but the benefits are not evenly spread throughout the country, according to Construction Dive, citing a study by GlobalData.
The study tracking 11,208 construction projects in the U.S. found that nearly 60% of all construction activity was concentrated in just 10 states: California, Texas, New York, Florida, Washington, Illinois, Pennsylvania, Georgia, Ohio and North Carolina.
Of the 11,208 projects, representing $3.7 trillion, California had both the largest number and value of projects, with 1,302 projects worth $524.6 billion.
The construction industry, which is benefitting from recent tax cuts, employs 5.3% of the U.S.’s workforce and reached more than $1.4 trillion in annual expenditures in 2018, the report states.
The full study can be purchased for $1,950 here.