Total construction spending put in place for the U.S. is forecast to end up 4% in 2017 compared to 2016.
Looking ahead to 2018, FMI continues to forecast a 5% increase in total construction spending over 2017.
The primary growth segments in 2018 are expected to include residential, commercial, lodging, office and manufacturing—all with forecast growth of 5% or more. Most other segments are likely to grow roughly with the rate of inflation and may therefore be considered stable. Sewage and waste and water supply are the only segments expected to decline in 2018.