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Freedonia Focus Reports

US Collection

Construction:
United States

Highlights

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June 2013

Industry Overview
Market Size and Trends | Market Segmentation | Regional Segmentation

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Construction Forecasts
Market Environment | Market Forecasts | Regional Forecasts

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Resources

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Industry Structure
Industry Composition | Industry Leaders | Additional Companies Cited
www.freedoniafocus.com

Construction: United States

ABOUT THIS REPORT

Scope & Method


This report forecasts US construction expenditures in US dollars to 2017. Total
expenditures are segmented in terms of the following markets:

residential building (single units, multiple units, and manufactured


homes)
nonresidential building (office and commercial, institutional, industrial,
and transportation buildings)
nonbuilding (eg, highways and streets; sewer, water, power, and
telecommunications infrastructure).

Construction expenditures encompass new additions and improvements to the existing


stock of residential and nonresidential buildings, as well as nonbuilding structures.
Expenditures are also provided for US regions as follows:

South
West
Midwest
Northeast.

To illustrate historical trends, total construction expenditures and the various segments
are provided in an annual series from 2002 to 2012; total expenditures and the various
segments are also reported at five-year intervals for 2007 and 2012. Forecasts emanate
from the identification and analysis of pertinent statistical relationships and other
historical trends/events as well as their expected progression/impact over the forecast
period. Changes in quantities between reported years of a given total or segment are
typically provided in terms of five-year compound annual growth rates (CAGRs). For the
sake of brevity, forecasts are generally stated in smoothed CAGR-based descriptions to
the forecast year, such as demand is projected to rise 3.2% annually through 2017.
The result of any particular year over that period, however, may exhibit volatility and
depart from a smoothed, long-term trend, as historical data typically illustrate.
Key macroeconomic indicators are also provided at five-year intervals with CAGRs for
the years corresponding to other reported figures. Other various topics, including
profiles of pertinent leading suppliers, are covered in this report. A full outline of report
items by page is available in the Table of Contents.

Sources
Construction: United States represents the synthesis and analysis of data from various
primary, secondary, macroeconomic, and demographic sources including:

2013 by The Freedonia Group, Inc.

Construction: United States

firms participating in the industry


government/public agencies
national, regional, and international non-governmental organizations
trade associations and their publications
the business and trade press
The Freedonia Group Consensus Forecasts dated April 2013
the findings of other industry studies by The Freedonia Group.

Specific sources and additional resources are listed in the Resources section of this
publication for reference and to facilitate further research.

Industry Codes
The topic of this report is related to the following industry codes:
NAICS/SCIAN 2007
North American Industry Classification System

SIC
Standard Industry Codes

236115

1521

236116
236117
236210
236220
237110
237120
237130
237310
237990

New Single-Family Housing


Construction (except Operative
Builders)
New Multifamily Housing Construction
(except Operative Builders)
New Housing Operative Builders
Industrial Building Construction
Commercial and Institutional Building
Construction
Water and Sewer Line and Related
Structures Construction
Oil and Gas Pipeline and Related
Structures Construction
Power and Communication Line and
Related Structures Construction
Highway, Street, and Bridge
Construction
Other Heavy and Civil Engineering
Construction

1522
1531
1541
1542
1611
1622
1623

1629

General Contractors Single-Family


Houses
General Contractors Residential
Buildings, Other than Single-Family
Operative Builders General Contractors
Industrial Buildings and Warehouses
General Contractors Nonresidential
Buildings, Other than Industrial Buildings
and Warehouses
Highway and Street Construction, except
Elevated Highways
Bridge, Tunnel, Elevated Highway
Construction
Water, Sewer, Pipeline, and
Communications and Power Line
Construction
Heavy Construction, NEC

Copyright & Licensing


The full report is protected by copyright laws of the United States of America and
international treaties. The entire contents of the publication are copyrighted by The
Freedonia Group, Inc.

2013 by The Freedonia Group, Inc.

Construction: United States

Table of Contents
Section

Page

Highlights....................................................................................................................................................... 1
Industry Overview ......................................................................................................................................... 2
Market Size & Trends .............................................................................................................................. 2
Chart 1 | United States: Construction Expenditure Trends, 2002-2012 ............................................. 2
Market Segmentation ............................................................................................................................... 3
Chart 2 | United States: Construction Expenditures by Market, 2012 ................................................ 3
Residential Building. ........................................................................................................................... 4
Nonresidential Building. ...................................................................................................................... 6
Chart 3 | United States: Construction Expenditures by Market, 2002-2012 ....................................... 8
Nonbuilding. ........................................................................................................................................ 7
Regional Segmentation............................................................................................................................ 9
Chart 4 | United States: Construction Expenditures by Region, 2012................................................ 9
South................................................................................................................................................... 9
West. ................................................................................................................................................. 10
Midwest. ............................................................................................................................................ 10
Northeast. ......................................................................................................................................... 10
Chart 5 | United States: Construction Expenditures by Region, 2002-2012 .................................... 11
Construction Forecasts ............................................................................................................................... 12
Market Environment ............................................................................................................................... 12
Table 1 | United States: Key Indicators for Construction Expenditures (billion dollars) ................... 12
Market Forecasts ................................................................................................................................... 13
Table 2 | United States: Construction Expenditures by Market (billion dollars) ............................... 13
Residential Building. ......................................................................................................................... 13
Nonresidential Building. .................................................................................................................... 14
Nonbuilding. ...................................................................................................................................... 15
Regional Forecasts ................................................................................................................................ 17
Table 3 | United States: Construction Expenditures by Region (billion dollars) ............................... 17
South................................................................................................................................................. 17
West. ................................................................................................................................................. 17
Midwest. ............................................................................................................................................ 18
Northeast. ......................................................................................................................................... 18
Industry Structure ........................................................................................................................................ 19
Industry Composition ............................................................................................................................. 19
Industry Leaders .................................................................................................................................... 20
Bechtel Corporation .......................................................................................................................... 20
Fluor Corporation .............................................................................................................................. 21
Kiewit Corporation ............................................................................................................................ 22
KBR Incorporated ............................................................................................................................. 23
PulteGroup Incorporated .................................................................................................................. 24
Additional Companies Cited................................................................................................................... 25
Resources ................................................................................................................................................... 26
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2013 by The Freedonia Group, Inc.