FMI Publishes Construction Outlook Second Quarter 2012 Report

From FMI:

“Economic forecasting is a tricky business even in normal times, and the current national and global economy is anything but normal. Nonetheless, FMI’s forecast calls for more slow growth for the construction industry. Despite the constant confusion of news from Europe and uncertainty and inaction in the U.S. Congress, there are some positive signs in the economy. Our forecast calls for 3% growth by the end of 2012 and another 7% in 2013 to $882.4 billion. That’s $92.6 billion more than the lows of 2011.

“As one might expect, improving housing construction is helping to lead the way, especially multi-family housing, but power construction is another strong point, and even commercial construction will show signs of rising from its slumber. Nonetheless, slow growth may be even more challenging than either large market drops or boom times, requiring improved management, precision market research and creative business development.

“We think our forecast is good with some cautious optimism, but this is a political year, and that should be caveat enough to say anything can happen, or, with our current Congress, maybe nothing can happen. Half-full or half-empty, both pessimists and optimist can find something in this quarter’s report.”

Check it out here.

Craig DiLouie

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