Health Dimensions
Other Data
Diversity of the Industry
For an overview of the breakdown of construction spending based on specialties, the US Census Bureau of the Department of Commerce provides total construction for all 16 category of the construction projects. Diversity of the industry can be assessed based on this breakdown of the
Construction Spending
. The Gini Simpson of the Construction Spending provides an overview of the diversity of project focuses and areas. Since residential is a significant component of the construction industry, the diversity can be gauged with and without residential construction to observe breakdown of the industry and trends of spending in different types of projects. The graph below shows the trend of diversity of construction project areas (gauged by Gini-Simpson of construction spending), normalized based on the reference point of December 2013. The
Specific Analysis
report provides further insights on diversity of project areas such as the fact that residential comprises major proportion of the dollar value put in place in each month in the construction industry as well as substantial changes in the diversity of construction project areas since 2007.
Data Source:
https://www.census.gov/construction/c30/c30index.html