By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: Looking for a Building Boom in the US this Year
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > 2021 > Looking for a Building Boom in the US this Year
2021

Looking for a Building Boom in the US this Year

Paul Ebeling
Last updated: April 3, 2021 12:19 am
Paul Ebeling
Share
4 Min Read
SHARE

#construction #building #homes #NFPs #homes

“We are seeing a powerful response to stimulus payments from the consumer,” said an economist at Bank of America. Adding, “It is hard to keep up with the economic strength.”

With hopes rising for a powerful rebound in hiring this year, Friday’s NFPs report for March provided Key insight into expectations look to prove true.

The most optimistic economists predicted that the government would report that as many as 1-M jobs were added in March and it happened, a big gainer that help recover a decent number of the jobs that remain lost to the VirusCasedemic.

After a yr of big job losses, waves of coronavirus infections, and small business closures, numerous trends are brightening the outlook.

Consumer confidence in March reached its highest mark since the VirusCasedemic intensified. Americans have increased their spending as the latest stimulus checks have been distributed.

More states and cities are easing restrictions on restaurants, bars and indoor gatherings. Vaccinations are being administered.

The $1,400 checks from $1.9-T economic relief plan have increased consumer spending, according to Bank of America’s tracking of its debit and credit cards. Spending rose 23% in the 3rd week of March compared with pre-virus marks, the bank said.

The bounce-back from the severe weather added to hiring gains in March, and construction companies began hiring as demand for new single family homes remains high, and most analysts say a construction boom is coming this yr.

“Thanks to the prior Administration, who took a page from the New Deal back in the 1930s, they recognized that highly important in the US Economic Recovery is the fact that the construction industry as a whole must be a leader to getting our economy turning in the right direct. As such, and thanks to the current Administration’s continuation of this philosophy is that the construction is expected to grow at a CAGR rate of 4.2% for the next several years through 2024. The key here is that industry’s growth can only increase over the forecast period by easing the trade tensions and boosting economic growth in all U.S. regions.

“Looking back,  the year 2018 saw a rapid increase in construction growth across the US and Canada, with the residential sector a key driver of the pick-up, with low borrowing costs and wage growth continuing to increase demand for more housing units.

“The pace of growth is expected to recover from 2021 onwards as the ongoing infrastructure investments and smart city projects will add momentum for the region’s construction industry. Engineering and construction firms are key enablers of this powerful vision for upgrading infrastructure to incorporate sensing technology and data analytics that could contribute to making more smart cities in the region.

“For those unaware, construction is the largest contributor to the U.S. economy. The industry has more than 680,000 employers with over 7 million employees and creates nearly $1.3 trillion worth of structures each year with annual expenditures of over $1,231 billion. It is one of the largest customers for manufacturing, mining and a variety of services. This is why this industry is so important and why economist’s, like myself, keep a close eye on its recovery as we lead ourselves out of this pandemic disaster,” says LTN’s economist Bruce WD Barren.

Have a healthy, happy holiday weekend, Keep the Faith!

You Might Also Like

Specific Parts of the Donald Trump Bill Upsetting Elon Musk

Still a Strong Buy $BABA

Top U.S.-Listed Bitcoin Companies $BMNR $MARA $RIOT $CIFR $CORZ $COIN

Saudi Red Sea: A Rising Star in Luxury Tourism

Larry Fink Says Tokenized Assets Are Coming, and Knightsbridge Is Ready

TAGGED:buildingconstructionhomesNFPs

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   
Previous Article Black Nationalist Kills White Cop in Terror Attack
Next Article Inflammation can Be a Visible Part of How the Body Fights Illness and Injury


Latest News

shayne heffernan bitcoin
Why You Must Own Bitcoin
Bitcoin Featured Headline News KXCO Guide Most Popular Opinion Shayne Heffernan Shayne Heffernan Shayne Heffernan on Investments Strategy Todays Trade Ideas May 31, 2025
Prada Launches New Bangkok Showpiece
Art Fashion Headline News Lifestyle Lifestyles of the RIch and Famous Living Luxury Shayne Heffernan May 30, 2025
Knightsbridge Boosts Nvidia Target to $200 $NVDA
AI Headline News KXCO Guide Nasdaq Shayne Heffernan Shayne Heffernan Shayne Heffernan on Investments Stocks Strategy Todays Trade Ideas US Stocks May 30, 2025
Will AI Ever Run for Office?
AI Artificial Intelligence Featured Generative AI Headline News Opinion Shayne Heffernan May 30, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?