Energy-related developments of $1 billion or more are expected to dominate future U.S. construction starts, according to Construction Dive.
A plethora of infrastructure developments, such as major airport-related projects, rapid transit and high-speed rail projects, in addition to a flourishing energy sector, are expected to help drive the boom.
The shift in the type of projects moving forward can be contributed to a variety of factors, such as stagnant population growth; an aging population, contributing to a demand for healthcare facilities; and the popularity of online shopping, spurring warehouse construction. (Read more about that here.)
New construction starts decreased by 5 percent in September, with nonbuilding construction falling 13 percent from the previous month (to $187 billion), according to