Definition of «construction growth»

The term "construction growth" refers to an increase in the amount of construction activity within a specific area or industry. This can be measured by factors such as the number of new projects started, the value of contracts awarded, or the overall level of investment in building and infrastructure development. Construction growth is typically seen as a positive indicator of economic expansion and can have significant impacts on employment rates, GDP, and other key economic indicators.

Sentences with «construction growth»

  • This report indicated that during the period between 2006 and 2011 residential construction growth increased by 13 %. (mortgagetalkcanada.ca)
  • Until further construction growth, most individuals looking for homes may settle for rentals. (rentberry.com)
  • Through the end of this year, approximately 400,000 multifamily units are expected to be delivered, representing construction growth of about 1.0 to 1.5 percent, according to Tiina Siilaberg, vice president - senior analyst at Moody's. (nreionline.com)
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