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.
