Construction in the United States is on the upswing. Seven of the top 10 fastest-growing industries in the country are related to construction. This data comes to us by way of the financial data provider Abrigo, (through its subsidiary Sageworks), which has compiled a list of the fastest-growing industries based on annual sales increases. Computer systems design and related services top the list, followed by a variety of construction and utility-related industries.

Key Takeaways

  • If you're looking for a new career, you may want to consider those that are predicted to offer the greatest growth.
  • The computer industry, broadly, remains the fastest-growing sector of the economy and is predicted to stay strong in the coming years.
  • Construction-related industries also show a high degree of growth as the real estate market continues to expand.

1. Computer Systems Design and Related Services 

This industry is far and away the fastest growing in the U.S. As quoted in Forbes, Sageworks analyst James Noe said, "There's just an obvious need in the economy for these types of services. Everyone uses computers and businesses rely heavily on technology now, so in my mind, it's a no-brainer that these types of services are growing fairly quickly." 

According to a report from the U.S. Department of Labor’s Bureau of Labor Statistics, a 15% rise in employment in this field is expected through the year 2022. Looks like that's on track, with 18% growth last year.

2. Services to Buildings and Dwellings

This industry consists of all the establishments that provide services necessary for the maintenance of a property—cleaning (inside and out), extermination and pest control, as well as landscaping and outdoor construction, like decks, stone retaining walls, and fences. These services saw a 14% sales increase from January to December of last year.

3. Building Finishing Contractors 

The industry's name is rather self-explanatory, these contractors do the work required to finish a building, whether that's additions, alterations, maintenance, or repairs. This industry, too, saw a 14% increase last year.

4. Residential Building Construction 

This includes construction, remodeling, and renovation to both single-family and multifamily residential buildings, representing 14% growth last year. 

All of the next five industry categories saw a 13% growth last year.

5. Foundation, Structure, and Building Exterior Contractors

The contractors who install the wood products above among other duties made up the fifth-fastest growing industry in 2018. This category consists of the specialty trades working on the foundation, frame, and shell of buildings.

6. Other Professional, Scientific, and Technical Services 

These are jobs that require a high level of education, training, and expertise. The services provided come in the form of legal advice, technological expertise, accounting, research, consulting, advertising, photography, translation, and interpretation, as well as a number of others.

Since computer systems design and related services are listed further up, we would have to imagine this category does not include growth in that particular technical service. 

7. Building Equipment Contractors 

With all of this construction, these buildings need to have internal work done, as well. This includes electricians, wiring installation contractors, plumbers, and heating and air-conditioning contractors. 

8. Other Specialty Trade Contractors

Specialty trade contractors consist of carpenters, brick and stonemasons, tile and marble setters, roofers, drywall installers, sheet metal workers, ceiling tile installers, and many more.

9. Nonresidential Building Construction 

Buildings and developments in this category include hotels, amusement parks, stores, offices, and public safety buildings, industrial facilities, schools, healthcare facilities, and churches.

10. Other Heavy and Civil Engineering 

This industry is comprised primarily of two sectors, "establishments whose primary activity is the construction of entire engineering projects (e.g., highways and dams), and specialty trade contractors, whose primary activity is the production of a specific component for such projects," according to the Bureau of Labor Statistics.