The US is going through one of the largest construction booms in history — boosting sales of one of the most essential types of construction equipment: excavators. They’re used to dig, move earth, and lift, and they also make up half of all construction equipment sold in 2022, per Off-Highway (WSJ). Labor shortage and a…
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What Recession? America is Going Through a Massive Construction Boom
Not the type of headline you’d expect when recession probabilities jumped to 70% yesterday. But don’t confuse 2008 with 2023… 2008: The financial crisis led to a deep multi-year construction recession. 2023: So far, no signs of a deep construction recession. And here’s why… 1. Ramp-up in American manufacturing 2021’s infrastructure bill and last year’s…
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