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BUS 620 U.S. Construction Industry Its Return to Glory

Analysis of the U.S. construction industry's recovery and growth.

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    Running head: US CONSTRUCTION INDUSTRY 1 U.S. Construction Industry “ Its Return to Glory” Anthony R Blanks Jr. Ashford BUS 62 0 ( NAC1432A ) Adebowale Onatolu 0 8/1 8 /2014 Analyze the political, economic, social, technical, environmental, and legal factors that have shaped the construction industry in the United States, as discussed in the article. How have these factors influenced the industry's growth and recovery, particularly after the 2008 recession? Support your response with specific examples from the article. (Minimum word count: 750 words)

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    Running head: US CONSTRUCTION INDUSTRY 2 US Construction Industry “Its Return to Glory” During the late part of the 1950’s the United States construction industry had begun to revitalize itself. The country was given a gift by its President Dwight D. Eisenhower in the form of legislation which would produce more jobs for the nation than it had seen after the Great D epression. President D. Eisenhower signed into law the Federal - Aid Highway Act of 1956 . According to the Department of Transportation (2014) “ the Interstate System has been a part of our culture — as construction projects, as transportation in our daily lives, and as an integral part of the American way of life ” (para 1). Political Nature of Construction Construction is a volatile industry that is sensitive to economic short comings, which can come from inflation and poor financial decision that are brought on from the public. During the early 2000’s; shortly after the bombing of the New York Twin Towers; our country enter ed into a war with Iraq. As the country was at war our government was busy promoting businesses to hire workers, which in turn promoted growth in other industries because now more people were at work and were able create discretionary inco me for within there households. This allowed consumers such as me to have a little more buying power. Also credit was easier to come by; therefore people be ga n to invest in the “American D ream ” by purchasing homes. The sub - industry of construction is the Housing Industry. When the housing industry demand increased so did construction jobs. Homes were being constructed everywhere and at an astounding rate even old er apartments were being converted into condo style homes. According to Fernández - Solís (2008) “ The most critical decisions by stakeholders are affected by the disposition or attitude towards what eventually becomes the project's driving principle - cost, value or quality -

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