Maybe. According to this article by Katy Barnato, private construction spending in the U.S. is expected to push $10 Billion this year, based on data through the first three quarters. Manufacturing, office and warehouse construction are leading the charge. It should be no surprise to anyone that residential construction continues to lag — and that’s not likely to change any time soon. But still, it’s good news that in the aggregate, the construction sector is picking up. But as to whether it’s an odd uptick or the beginning of the end of the Great Recession remains to be seen.
Is the bottom behind us?