Growth in the construction industry usually comes from four sectors: residential, commercial, manufacturing, and infrastructure. Looking ahead, we expect the latter two <\/span>of these to be key drivers in the market. The commercial sector has long been <\/span>hampered by the shift towards e-commerce and the residential sector is expected to be <\/span>tempered by a tightening of global monetary policy. This leaves manufacturing and <\/span>infrastructure \u2013 two sectors set to benefit from public spending. The government has <\/span>allocated almost $3 trillion in infrastructure spending over the next few years. Growth in <\/span>the manufacturing sector will likely come from things related to semiconductors and <\/span>electric vehicles. <\/span>Regionally, we expect the Southern US to be the main driver of economic growth. More <\/span>than 40 companies have relocated from California to Texas since 2020. The population <\/span>(and overall construction spending) of the Southeastern US has almost doubled over <\/span>the last ten years. Here is what we\u2019re expecting in the coming year in each sector.<\/span><\/p>\n<\/div>\n