Southeast
The Southeast, particularly the Carolinas, has experienced significant growth due to trends in where Americans live and work.
The region is home to dozens of small and midsized cities with affordable land and pleasant weather – the exact kinds of places that have seen a lot of growth over the last few decades. Raleigh is the largest life-sciences hub after Boston, and Charlotte is the largest banking hub after New York. Both cities have more pleasant weather and a lower cost of living than their northern counterparts. Construction projects here are mostly repurposing of life-science spaces into facilities for manufacturing semiconductors and electric vehicles.
South Carolina has seen a similar boom in construction, although this is primarily residential and mainly due to an influx of new residents. Regionwide, developers are shifting towards mixed-use projects that combine residential and commercial spaces, often anchored by stadiums or coworking spaces. This is a departure from the suburban sprawl of the last twenty years and reflects growing concerns about sustainability.
In the hospitality sector, places like Miami and Orlando are the big draws. The focus in the tourism industry has recently shifted from trying to bring more visitors to getting them to spend more. High-end residential, hospitality, and commercial spaces have emerged as key growth drivers. Construction spending is up roughly 60% over the last decade, while the labor force has only grown by 45% over the same period, prompting substantial cost increases. Things will likely become more complicated as interest rates continue to decline.
* Other structures include religious buildings, amusement, government communications, and public recreation projects.

Source: BuildCentral
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