The list of projects that will make up the first half of 2017 includes construction of more than 1 million new homes in the United States, as well as construction of 1.3 million homes for low-income Americans.
The first wave of projects is set to start in 2018.
“Construction is the number one sector of our economy and one of the key drivers of economic growth,” President Donald Trump said during his State of the Union address on January 4.
“The construction industry, for years, has been one of America’s fastest growing sectors, but we’re not there yet.
We’re not getting there.”
Construction companies are also building more homes and businesses than ever before.
In 2017, more than 4.4 million new jobs were added, according to the Bureau of Labor Statistics, and the total value of the jobs added in 2017 was $6.2 trillion, more or less the entire GDP of the United Kingdom.
The most anticipated construction projects for 2017 are likely to be in California, Arizona, Texas, and Florida, as the new year draws closer.
The list is set by the Federal Housing Finance Agency, which provides federal financial assistance to homebuyers and developers.
It also includes a list of “high-priority” projects.
California, Arizona and Texas, for example, are expected to be the next big areas for homebuilding, as homebuilders and developers look to expand their footprint in the state.
Arizona has already surpassed its 100,000-unit target for 2017.
The state’s largest project, a $300 million project to build a luxury condominium tower, is set for completion in 2019.
California and Arizona are also expected to see the most construction of any of the states that voted to legalize recreational marijuana, according a report by the National Association of Realtors.
The report said California, with an estimated population of nearly 7 million, will likely see $5.8 billion worth of homebuilding in the next five years.
“In California, we’re already seeing that demand.
We’ve had nearly 4,000 new housing units built in the past two years.
We just opened the largest single-family housing project in the history of the state, and we’re seeing that growth,” Realtor Brian Hulbert told Recode.
The second wave of construction projects will focus on the low-cost construction of low-rise residential units.
Homebuilders in the US have been looking to do projects in these areas since at least 2015, when builders in California started looking to build new housing in the market, Hulberts report said.
California’s first-half construction spending will be around $1.4 billion, according the BLS, which is expected to continue to grow as more construction is completed.
That number is expected rise to more than $4 billion in the second half of this year, according Hulbetts report.
The first half spending is expected for a total of about $2.3 billion in 2017.
That includes the construction of the homes for the homeless, the construction and management of low income housing projects, and a total investment of about 20 billion dollars.
The housing industry is also working to fill in the gap that will be left by the Trump administration’s policies.
As Recode previously reported, the Trump Administration’s budget includes funding for $4.7 billion to expand the construction sector.
This is a small portion of the $6 trillion the administration has proposed to build for the next decade.
In California alone, there are plans to build more than 100,400 new housing homes, according TOHSA.
The number of units built so far is about one-third of the number that was approved in 2017, and Hulbit said that the growth is projected to continue into 2019.
“This year will be a critical year for the construction industry in California,” Hulbet said.
“There’s an increasing demand for homes and apartments in California.
And this is a key point to look at: The demand for housing and apartments is still outpacing the supply.”
In Texas, construction spending is forecast to rise by $4 trillion, according The Dallas Morning News.
Construction is projected for a $2 billion increase over 2017, according RECODE.
The growth is expected in the construction area.
The construction sector in Texas has also grown significantly over the past decade.
Texas construction spending grew more than 30% between 2000 and 2017, from $2 trillion to $3 trillion, RECODE said.