Even in times of pandemic and uncertainty, construction continues to be big business. In 2021, new constructions in the US were valued at almost $1.6 trillion, and data shows it’s forecast to reach over $2 trillion in 2025. Construction spending has been growing steadily over the last couple of years, and residential building construction spending was expected to follow a similar growth trend over the coming years, as well as non-residential construction, according to the data.