Puerto Rico Economic Pulse ©

June 2005: Digging into the Construction Industry

Is the future bright for this sector?

The 90’s were golden years for construction in PR. Investment in public infrastructure projects, a housing explosion, and a strong increase in commercial and industrial buildings by the private sector injected $16.6 billion in this economy. However, as big projects were near completion, the construction boom was over. For the first time in a decade, construction investment shrank, employment in the sector fell and housing, not government projects, took center stage as the driving force behind the industry. Today, as the Governor and the Legislature struggle to approve a new budget, this sector is finding ways to remain on the positive side. Find out how the new Network City can instill new vigor and reshape this industry in the near term.