Construction + Economy

FMI: Construction Outlook Remains Bleak for 2010

Craig DiLouie July 21, 2010

FMI’s Construction Outlook: Second Quarter 2010 Report indicates that while there has been some encouraging signs in the general economy, the outlook for put-in-place construction 2010 remains bleak.

According to Heather Jones, Construction Economist for FMI Corporation, “Total construction in 2010 will be down 5% after declining in 2009. Residential construction is expected to begin recovering in 2010. Nonresidential construction will decline 16% in 2010. Nonbuilding construction will continue to be a positive contributor thanks to the support of power and conservation and development construction.”

Click here to download FMI’s Construction Outlook: Second Quarter 2010 Report (PDF).

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