Industry Library Commercial Construction

Commercial construction, the largest component of the U.S. construction industry, was energized by a robust, late 1990s economy. General economic strength spurred strong demand for services in the sector. Unlike residential building, however, commercial construction was unable to rely on shrinking interest rates as ballast against the souring economy of the early 21st century. Businesses began spending less on new and ongoing construction endeavors, and the industry suffered.

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