U.S. Private Nonresidential New Construction

Construction business cycle decline will likely persist in at least the coming quarters.

October 27, 2020

Us Private Nonresidential New

US Private Nonresidential New Construction during the three months through October totaled $120.2 billion, down 7.1% from the same period one year ago.
Construction typically lags the US industrial economy by approximately one year. We expect the COVID-19 pandemic and related shutdowns to impact Construction in 2021, driving decline in this sector throughout the year.

The facility will feature areas for welding, painting, and assembly, as well as an on-site warehouse and office space.

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Ballenger brings more than 40 years of management experience to Hitachi Global Air Power.

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