Posted 1/4/2024, 6:55:01 PM
Construction Spending Sees Robust Growth, But Possible Policy Changes Create Uncertainty Beyond 2024
- Construction spending saw strong growth in 2023 due to US fiscal policy support
- Growth reliant on fiscal policy carries some risk if policies shift after 2024 election
- Economist Bernard Yaros sees continued momentum for construction in 2024
- Possible changes to tax credits could impact sector "later down the road"
- Generative AI presents a potential tailwind for manufacturing to support data centers