Pic-of-the-Week: Little Rebound in Construction Outside Residential (06/09/2014)
Residential construction rebound remains strong, but few other sectors showing gains – The recession took a deep toll on U.S. construction activity. Total activity declined by more than one-third from a $1.2 trillion annual pace to just $750 billion. The rebound began in early 2011 and has been steady, though far from spectacular. The pace of growth is much slower than the boom years prior to the recession, and activity has recovered less than half of the ground lost in the downturn.
So, what is doing well, and what isn’t?