With Donald Trump’s surprising election win over Hillary Clinton in the books, there are many more questions than answers. What will happen to President Obama’s signature healthcare reform? Will Trump follow through on some of his more controversial campaign proposals?
Our new president’s policies will come into greater focus in the coming months, but one thing is already clear: A Trump presidency is going to be a boon for the construction industry.
After stock futures dipped as the surprising results poured in over election night, stock prices soared for many engineering, construction and materials companies on Nov. 9 as Trump pledged in his victory speech to “rebuild our highways, bridges, tunnels, airports, schools, hospitals.”
That infrastructure projects appear to be an early priority for Trump is little surprise after the real estate executive and former reality TV star promised on the campaign trail to spent $1 trillion on infrastructure projects over the next decade. Congressional Republicans have been hesitant to commit many stimulus dollars to infrastructure projects, but that could change under Trump.
Coupled with expectations of loosened regulations, these next four years could be bright for engineering and construction companies. Whether or not Trump builds his infamous wall, it appears there’s a lot of work to be done over the next several years, and the construction industry is poised to benefit.