Potential Changes in the Demand and Supply Sides in the Construction Industry

Abstract

Sustainability of the economy depends on the reduction of the environmental footprint of the supply and demand as economy relies on the production enabled by natural resources. The construction industry is one of the major industries influencing sustainable and social development. The construction industry and the built environment, however, have important environmental footprints. Therefore, the demand and supply sides in the construction industry must be transformed into more sustainable ones. Furthermore, the principles and emerging concepts of sustainable and innovative economy need to be adopted by the construction industry. Based on an in-depth literature review, this chapter focuses on the integration and impacts of the emerging concepts for the sustainable and innovative economy in the construction industry. This chapter is expected to be useful for academics, graduate and undergraduate students, researchers, policymakers, and construction industry professionals.