Over the years, our experts have noticed changes in the building construction project industry. For example, we've experienced building supply stores like ours reporting an uptick in demand and sales for a range of building supplies. According to Globest, in 2023 alone, construction costs saw an average growth of 4% in the United States. Here are some indicators that construction projects are continuing to rise in popularity.

1. Changing Housing Market

As there are shifts in the housing market, many people are deciding to modify their current home instead of buying a new one. Home remodeling has been trending a great deal. The popularity of home remodeling is fueling the rise in construction projects.

Building supply stores like ours are a great resource for DIY home improvement materials. Home remodeling is a big part of the increase in construction across the United States, but it certainly is not the only factor. Other sectors are promoting the uptick as well.

2. Evolving Infrastructure Projects

Our experts indicate that while the housing market is gearing up for more construction projects than ever, so are governments, private parking lot owners, and other groups that are improving infrastructure. The aging infrastructure in the United States requires plenty of attention. Replacing roadways and sidewalks and creating more green spaces are on the agenda for many communities.

The mad dash to make improvements and create community spaces are both playing a role in the increase in construction projects. It's also not just government entities improving infrastructure; many commercial property owners are taking these projects on. All these projects are supported by local building suppliers.

3. Needing New Construction

In our experience, the increase in new construction homes and commercial sites has reached an all-time high. The need for new homes and commercial properties is fueling the building supply and construction market. More people than ever are taking the plunge and building.

Building supply stores will continue to see a boom in business thanks to the uptick in construction projects across the country. The best way to avoid delays is to get your orders in well ahead of the start date of your project. Working with a trusted supplier is the best way to ensure you have the necessary supplies. Call Direct Source Supply today to order your supplies.