Read time: 6 minutes
Architecture and construction – like other cyclical industries – are driven by a number of economic events that operate individually or in combination. Such events include but are not limited to:
- interest and inflation rates (demand pull, cost push and wage inflation)
- consumer spending levels
- the value of the currency
- changes to populations and demographics
- unemployment levels
- access to affordable finance or the cost of borrowing
- the performance of other asset classes such as the share or equities markets.