Construction activity in the southern United States is booming. In Texas and Tennessee alone, construction now generates more dollars annually than it did before the Great Recession. In Florida, Georgia, and North Carolina, construction spending is rapidly approaching pre-recession levels. In these five states alone, construction spending topped $175 billion in 2015, accounting for about one in four dollars generated by the industry nationally.
The increased demand for construction has led to higher sales volumes for all construction sectors, and higher profit margins for the residential building sector of the industry.