A new table was recently published by Stateline graphically displaying the positive impacts of the red-hot building boom on the economies of all states. In 43 states, building is in part responsible for contributing more towards economic growth than it was six years ago. California, Iowa, and Texas have all seen massive positive increases in the last eight years. Construction is undeniably juicing up economies nationwide.
While most states still lag behind the peak pre-recession rates of 2006, the overall trends are very encouraging. With interest rates remaining low and a public mindset more accepting of building as a means to solve housing crises, we’re hopeful that the positive numbers continue to grow.