The US construction market was worth US$ 930 billion last year -a +5.3% increase on 2012, according to the US Census Bureau. This built on the +7.8% growth seen in 2012 and the +4.3% improvement of 2011, so compared to the low of mid-2010, the market has seen somewhere in the region of a +16% recovery. Although there has been steady growth across the industry as a whole over the last three years or so, it has not been evenly spread. Privately-funded projects have raced ahead of public construction in the face of federal and state budget cuts, and within the private sector, it has been residential building that has come back the fastest.
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