![]() ![]() In 2021, 1,337,800 housing units were built, which constitutes an increase of 4% compared to 2020.4.3% of the entire US GDP comes from the construction industry.Construction projects undertaken in the US in 2021 are valued at approximately $1.6 trillion.Here are the latest US statistics ( Zippia) from recent years: General Construction Industry Statistics While the construction industry is the largest and most important in the world, construction firms have faced serval challenges over the years, most recently the Covid-19 pandemic, labour shortages, and supply chain problems. Read on for more of the latest construction industry statistics 2022, employment rates, supply chain problems, and the effect the pandemic had on global construction industry statistics. ![]() According to the latest construction market data, the construction industry size amounted to $8.2 trillion in 2022 ( Statista) and is expected to reach $17 trillion by 2029 with a compound annual growth rate (CAGR) of 7.3% ( Exactitude Consultancy).
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