Construction + Economy

FMI: Nonresidential Construction to Decline in 2010

In FMI’s Construction Outlook: First Quarter 2010 Report, the outlook for put-in-place construction for 2010 remains bleak. Total construction in 2010 will be down after declining in 2009, according to FMI construction economist Heather Jones. Residential construction is expected to begin recovering in 2010, while nonresidential construction will continue to decline in 2010. Nonbuilding construction will continue to be a positive contributor, increasing another 4% in 2010.

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Craig DiLouie

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