FMI issues Q1 Construction Outlook
Group forecasts a 7 percent increase in engineering and construction spending in 2018.
FMI’s forecast, the FMI Construction Outlook, forecasts an increase of total engineering and construction spending for the U.S. of 7 percent in 2018, compared to 4 percent in 2017.
Spending growth in 2018 is forecast to be led by residential and select nonresidential segments. Current top-three-performing segments forecast in 2018 include:
- Residential improvements (+12 percent)
- Single-family residential (+7 percent)
- Office (+9 percent)
The bottom-three-performing segments include:
- Religious (-4 percent)
- Sewage and waste disposal (-1 percent)
- Water supply (-3 percent)
Growth in several segments appears to be flattening out or stabilizing in 2018, including two prior high-growth segments from 2017, multifamily residential and lodging. Other stabilizing segments include manufacturing, power and highway and street, all three of which were down through 2017.
Click here to download the entire report.
CONTRACTOR SUPPLY MAGAZINE
The October/November 2024 of Contractor Supply magazine is here!
Our cover story, A Rewarding Passion - Dale Hahs II, third-generation of Denver's AIS Industrial & Construction Supply, is STAFDA's incoming 2025 president.
A Special STAFDA section featuring a welcome address, an agenda, session previewss by presenters and much more. Also in this issue are our Industry Updates on: Lifting, Moving and Material Handling; Lasers, Levels and Measurement; Hand Tools; Cordless Power Tools; Drill Bits and Cutting Tools; and Toolboxes, Bags and Belts.
This digital edition, sponsored by BECK AMERICA Inc., is fully searchable and contains live links to every advertiser and new product listing. Click away!
| Read the Articles Read the Digital Edition |
