FMI’s Construction Outlook

Report highlights include:

  • Commercial construction relies heavily on consumer spending and new housing construction. Consumer spending will not return to high levels until the employment situation improves. Commercial construction is not expected to pick up until 2012.
  • Health care construction will likely see a small increase in 2010 and 2011, remaining at a historically high level.
  • Power construction has seen four years of phenomenal growth and is expected to remain positive for the next five years.
  • Conservation and development construction is one of the few surprise winners from the stimulus bill.
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