No industry was more affected by the housing slump than construction, but 10 markets in the U.S. have robust construction markets; is Chicago one of them?
Though nearly every industry in the U.S. was impacted by the economic downturn, few suffered more setbacks than the construction industry, which had bet heavily on housing during the boom years. Half-finished skyscrapers sat vacant, entire subdivisions lay deserted and unemployment soared.
Now, though, things are different. Construction spending was up more than 4 percent in April, residential construction is up nearly 20 percent from where it was a year ago and builders are often faced with a shortage, rather than surplus, of workers for jobs.
Those gains are especially pronounced in certain metropolitan areas, and using the latest data from McGraw-Hill Construction, Forbes recently highlighted the most active of those markets, factoring in such things as single-family home construction, multifamily home construction, office space, retail space, warehouses, healthcare facilities, educational buildings, manufacturing plants and research facilities.
What cities have the most vibrant construction markets? See our infographic below to find out: