Construction is the process of planning, designing, and manufacturing buildings and building systems. Construction organizations manage the construction, alteration, and/or repair of large structures. Construction is a high hazard industry that produces residential properties, bridge erections, roadway paving, excavations, demolitions, and even large scale painting jobs.
US Industry Revenues (2014): 687 Billion
US Industry Revenues (2015 Estimate): 1+ Trillion
US Industry Employment (2014): 7.3 Million
The working conditions in the construction industry can be physically demanding. Many employees in the construction industry work at least 8 hours per day, but often they are required to work longer hours to finish projects. Construction work is regularly performed both indoors and outdoors, and at heights, underground, or above or under water.
The annual mean wage if workers in the construction industry is $50,860.
Construction job sites are typically in areas where employees are exposed to inclement weather, loud noises, vibration, moving mechanical parts, chemicals, fumes, odors, dusts, and poor ventilation. Physical requirements include the ability to frequently lift, carry, climb, kneel, balance, and travel to different job sites.
Important locations of the shipbuilding industry within the U.S. include the following:
- New York
- Washington, D.C.
With a market share of around 10 percent, the United States is the second largest construction market worldwide. Total U.S. construction revenue gains for 2015 is predicted to rise 9% to $612 billion, which is a larger gain than the 5% increase to $564 billion estimated for 2014.
In recent years, office construction has become the leading factor in the increase of commercial building, aided by expanding private development as well as healthy construction activity related to technology and finance firms. Consequently, commercial building will increase 15%, slightly faster than the 14% gain estimated for 2014, placing a larger demand for the number of workers to mirror the level of overall construction activity.
The construction industry is the second largest employer in the U.S. The industry employs 7.3 million workers— and employment of construction personnel is projected to grow 25 percent from 2012 to 2022, much faster than the average for all occupations.