Coatings Industry News

Main News Page


Report: 10 States See 60% of US Construction

Thursday, August 1, 2019

Comment | More

A new report from GlobalData—a research firm that breaks down construction projects in the United States—has found that nearly 60% of the construction market is occupied by just 10 states.

The Report

For the study, the company is tracking 11,208 construction projects, both in the public and private sector, at all stages of development from announcement to execution.

These projects are valued at $3.7 trillion.

4kodiak / Getty Images

A new report from research firm GlobalData that breaks down construction projects in the United States has found that nearly 60% of the construction market is occupied by just 10 states.

According to the firm, the report aims to provide an assessment of the current construction project pipeline by the 10 key states based on data including analysis on total construction pipeline by sector and stage, projected annual spending on the current project pipeline by funding methods over the five-year span, as well as analysis on all major projects by value, start and end date, stage of development, funding mechanism and leading contractors.

Some Highlights

California leads the way with both the largest number of projects—1,302—and the highest value of projects—$524.6 billion. California is also home to more megaprojects than any other states, with its top 10 largest projects valued at $139.5 billion.

Texas came in second with 1,034 projects totaling $425.1 billion. The work in that state is dominated by the energy and utilities sectors with a value of $152.7 billion, followed by mixed-used developments ($67.9 billion) and infrastructure ($67.1 billion).

New York brings up the top three with 894 projects valuing at $409 billion.

The entire top 10 includes:

  • California;
  • Texas;
  • New York;
  • Florida;
  • Washington;
  • Illinois;
  • Pennsylvania;
  • Georgia;
  • Ohio; and
  • North Carolina.

GlobalData notes that the U.S. construction industry accounts for 4.1% of gross domestic product and employs 5.3% of the country’s total workforce.

   

Tagged categories: Completed projects; Construction; Good Technical Practice; Market data; NA; North America; Ongoing projects; Upcoming projects

Comment Join the Conversation:

Sign in to our community to add your comments.


Advertisements
 
KTA-Tator, Inc. - Corporate Office

 
DeFelsko Corporation

 
SAFE Systems, Inc.

 
Sauereisen, Inc.

 
Tarps manufacturing, Inc.

 
AWWA (American Water Works Association)

 
Fischer Technology Inc.

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy Policy   |   Terms & Conditions   |   Support   |   Site Map   |   Search   |   Contact Us