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Construction + Economy

FMI: Construction Spending to Reach $1.09 Billion in 2016

Craig DiLouie October 15, 2015

FMIConstruction growth is not only predicted to rise this year to 6%, but is also expected to climb to 7% in 2016, reaching $1.09 billion, the highest total since 2008, unadjusted for inflation, according to the Q315 FMI Construction Outlook.

The Q3 FMI Construction Outlook forecasts growth for 17 sectors, across residential, non-residential and non-building groups. Manufacturing continues to be the fastest-growing construction sector this year at 18%, but other strong markets for 2015 include lodging, office, and amusement and recreation, all experiencing double-digit growth.

Click here to read the report.

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Craig DiLouie
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