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The construction sector is a major component of the U.S. economy.
During the past decade, construction was a prime beneficiary of low
interest rates and the housing-led economic boom, but was also one
of the largest casualties of the subsequent financial crisis. There
are three major segments of the construction sector: residential,
commercial, and industrial/heavy construction. The segments have
unique market characteristics and are subject to cyclical economic
forces, though in somewhat differing ways. This book outlines the
structure of the construction industry and describes congressional
initiatives that affect the sector.
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