
State of Construction Market
October 14, 2024
Residential Construction
The residential construction market is poised for growth heading into 2025, at an increased rate of 3.4%. According to Statista, the demand for new home builds is driven by population growth, urbanization, and changing demographics. In addition, various government incentives, including affordable housing programs and tax incentives, continue to support residential construction.
Remodeling and Renovations
In projections from the Congressional Budget Off
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