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Economic Trends

What Distributors Stand to Gain from America’s Factory Building Boom

U.S. factory construction spending hit a record level in 2022, and it hasn't slowed down in 2023. Mike Hockett breaks down the numbers and what this means for distribution.

April 12, 2023

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It turns out the United States’ hottest production item at the moment may be factories. U.S. Census Bureau data shows that the nation’s manufacturing-targeted construction spending reached a record $108 billion, topping capital devoted to building offices, schools and healthcare facilities. This has continued in 2023, as

Census Bureau data

says that manufacturing remained the top nonresidential construction spending sector in both January and February, with February 2023’s manufacturing construction spending up a whopping 53.5% from a year earlier.

In this piece, we’ll dive deeper into the…

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