The study is devoted to the analysis of the innovative potential of enterprises in the construction industry. The creation of an effective cluster increases the country’s innovative potential, as well as the economic indicators of production activity of the construction industry enterprises. The investment and construction cluster will help to create the competitive advantages that the construction industry enterprises involved into it have. The study considers stages and principles of the investment and construction cluster formation. We propose an algorithm for assessing the innovative potential of the investment and construction cluster based on the results of a SWOT analysis. The study assesses the innovative potential of the investment and construction cluster. Based on multiple correlation and regression analysis, we developed an equation for the dependence of the gross regional product on the system of indicators characterizing the innovation activity of the investment and construction cluster.

The aim of the study is the modeling of innovation in the investment-construction industry in the context of a change in technological paradigms. Here are the suggested models of innovative development of groups of countries, which are classified by indicators of innovation progress: innovation leaders, innovative followers, moderate innovators and catching up countries. The studies have been carried out using the least squares method. The paper provides a quantitative as-sessment of the level of meaningful economic development of the investment-construction complex. Only by identifying the relationship between the volume of commissioning and the used production inputs one can identify the nature of eco-nomic development. Models of innovative development of construction produc-tion based on increasing the level of total resource productivity have been devel-oped. A model for investment demand prognosis has been developed and tested. The model allows to determine the need for investments in the framework of me-dium-term and long-term prognosis. Measures have been developed to increase the level of innovative activity of en-terprises in the investment-construction complex.

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The study is devoted to scientific provisions and principles of economic development of construction organizations in modern conditions. Based on the study of the theory of economic development, a retrospective analysis of the cyclical nature of construction production, the main factors and directions of their interaction are systematized. Economic and mathematical modeling of the real economic development of construction production was carried out. New approaches to assessing and ensuring the effective functioning of construction organizations are proposed, including substantiation of the target setting of the organization's activities, classification of factor space multidimensional statistical analysis, determination of the optimal ratios of the main technical and economic indicators that ensure the financial and economic stability of construction organizations. The developed models of innovative development of a construction organization are based on increasing the level of total resource productivity. It has been proven that there is a close relationship between the level of economic development and the financial sustainability of a construction organization. An increase in the level of innovative activity in construction production leads to an increase in the financial strength of the organization. The revealed relationship gave the basis to form an algorithm for managing the innovative development of a construction organization on the basis of structure regulation of production costs. The forms and methods of stimulating the economic growth of construction organizations have been substantiated, which consist in improving the system of relations between the participants in the investment process being a significant reserve for economic growth.

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