In 2021, the U.S. construction industry experienced a boom. With the implementation of social-distancing policies, the demand for outdoor renovations grew as well. In 2022, non-residential construction is expected to grow by 4.6%. In the same year, residential construction is expected to grow by 9%. November 2021 will see the passage of a $1.2 trillion infrastructure package. Consequently, the construction industry will continue to grow and profit. Vulcan Materials Company, Caterpillar Inc., and Builders FirstSource, Inc. are some of the companies that will benefit directly from this government spending.
Here is Insider Monkey’s list of the 10 construction stocks to buy now. Commercial and residential construction products are provided by BlueLinx Holdings Inc. The stock price of the company has increased by 84.64 percent over the last year and by 33.86 percent over the last six months. At $32.6 million in total value, Tontine Asset Management is the largest shareholder. As the housing market booms in 2022, NVR, Inc. is well-positioned to benefit from it. 32 hedge funds own $480 million worth of stock in the company. In the second quarter of 2021, there were 28 hedge funds that held NVR positions. Some of Eagle Materials Inc.’s offerings are cement, concrete, gypsum wallboard, recycled paperboard, and oil and gas extraction products. On the New York Stock Exchange on February 13, shares were trading at $141.84 per share. When it comes to 2022’s construction boom, United Rentals is perfectly positioned to reap the rewards. The company’s Q4 revenue was $2.78 billion, which was $40.20 million higher than expected. Martin Marietta Materials, Inc. was upgraded to ‘Overweight’ from ‘Equal Weight’ by Barclays on December 17. Long-cycle construction materials and services companies have a “once in a generation opportunity” in the United States, according to the analyst. For more details, click the 10 Construction Stocks To Buy Now.
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