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Industry Landscape
The US construction industry is experiencing growth, driven by infrastructure spending, residential demand, and commercial development. However, it faces challenges like labor shortages, rising material costs, and supply chain disruptions. Sustainability and technological adoption (e.g., BIM, prefabrication) are increasingly important for competitiveness and efficiency.
Total Assets Under Management (AUM)
Construction Spending in United States
~$2.09 trillion (as of March 2024)
(10.0% CAGR)
Private construction accounts for the largest share, followed by public construction. Residential and non-residential segments contribute significantly to overall spending. Infrastructure projects are a growing component.
Total Addressable Market
2.09 trillion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Building Information Modeling (BIM)
BIM allows for the creation and management of digital representations of physical and functional characteristics of places, facilitating better collaboration and reducing errors in construction projects.
Prefabrication and Modular Construction
This involves manufacturing building components or modules off-site in a controlled environment, leading to faster construction times, reduced waste, and improved quality control.
AI and Drone-based Inspections
AI-powered analytics combined with drone technology can automate and enhance the accuracy of site surveys, progress monitoring, and damage assessments, especially for complex structures and storm restoration.
Impactful Policy Frameworks
Infrastructure Investment and Jobs Act (IIJA) 2021
This bipartisan infrastructure law allocates significant federal funding towards upgrading and rebuilding the nation's infrastructure, including roads, bridges, public transit, broadband, and clean energy projects.
The IIJA will increase demand for large-scale construction and exterior services, creating new commercial project opportunities for Stonebrook Exterior.
Energy Efficiency and Conservation Block Grant Program (EECBG) Reinstatement 2022
Part of the IIJA, this program provides formula grants to local governments to implement strategies for energy efficiency, renewable energy, and climate resilience, often involving building envelope upgrades.
This policy will drive demand for energy-efficient building envelope solutions, aligning with Stonebrook Exterior's expertise in specialized wall systems and roofing.
Updated Building Codes (e.g., IBC 2021/IRC 2021 with regional amendments)
Various states and municipalities regularly update their building codes (e.g., International Building Code and International Residential Code) to include stricter requirements for structural integrity, energy efficiency, and wind resistance, particularly in storm-prone areas.
These updated codes necessitate higher quality materials and construction practices, benefiting companies like Stonebrook Exterior that prioritize advanced building envelope solutions and safety standards.
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