The construction industry is booming and the US is a big part of it, but the US government needs to invest more in supporting and encouraging the construction of infrastructure.
That’s according to the Construction Industry Association, which released a new report that calls for more infrastructure investment, particularly in areas like railways and ports.
We need to get serious about infrastructure investment in the US, says John R. Whelan, president of the Association, and he says the US needs to be investing in infrastructure in a big way.
The infrastructure investment that we have is absolutely critical to the success of the US economy, he says.
A lot of infrastructure investment needs to go into railways, roads and ports, he added.
If you look at the United States and Canada as a whole, we spend over $1 trillion a year in infrastructure.
We are the world’s largest provider of transportation, but that’s just the tip of the iceberg, he said.
But it is essential for the US to invest in infrastructure, Whelans says.
“We need a large-scale infrastructure plan that is built to sustainably fund transportation and build the kinds of jobs and economic opportunities that are necessary to sustain the growth of the economy.”
The US has been in the middle of the pack on infrastructure investment over the last decade, he adds.
“The American construction industry has experienced a tremendous downturn.
The unemployment rate for construction workers in 2016 was 9.2 percent, which was more than twice the national average.”
A few countries have seen huge improvements in the construction industry in recent years.
Japan’s economy grew by 5.5 percent in the year ending March 2016, the fastest growth rate in the world.
In the UK, construction was the fastest growing sector of the sector, growing by 5 percent, according to figures from the Office for National Statistics.
Brazil’s economy also grew by 7.5 per cent last year, the best performance in the OECD.
And Germany’s construction industry grew by 8.5 percentage points last year.