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OVERVIEW:
Construction is a large, diverse and fast-growing sector of the economy, comprising several distinct categories of activity. Construction accounts for approximately 5 percent of non-farm payroll employment in the U.S. and 12 percent of self-employment. Construction is also an important sector of the Canadian economy, where it employs one of every 16 workers.
Most companies specialize in only a few, or just one, type of building construction, since the demonstrated ability to successfully complete a project is prime criteria for winning a contract. Within a single project, some contractors may specialize in "ground up" work (foundation, floors, walls, roof) or in more profitable "finish work" (interior walls, electrical, painting, plumbing, HVAC). While there are dozens of segments in the construction industry, the primary segments include: Click on one of the above links to read more about each segment in the U.S. For information on the Canadian residential construction market, click here. For the Canadian commercial construction market, click here.
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