RALEIGH, N.C. – March 27, 2018. FMI Corporation, the leading provider of management consulting and investment banking services to engineering and construction, infrastructure and the built environment, is pleased to announce the release of its 2018 first quarter construction outlook. The publication offers comprehensive construction forecasts for a broad range of market segments and geographies across North America, as well as information on key market drivers.
Key highlights of the report include:
- Total engineering and construction spending for the U.S. is forecast to end up 7% in 2018, compared to up 4% in 2017.
- Spending growth in 2018 is forecast to be led by residential and select nonresidential segments. Current top-three-performing segments forecast in 2018 include residential improvements (+12%), single-family residential (+7%) and office (+9%).
- The bottom-three-performing segments include religious (-4%), sewage and waste disposal (-1%) and water supply (-3%).
- Growth in several segments appears to be flattening out or stabilizing in 2018, including two prior high-growth segments from 2017, multifamily residential and lodging. Other stabilizing segments include manufacturing, power and highway, and street, all three of which were down through 2017.
To access the “FMI Construction Outlook 2018, First Quarter Report,” please click here: https://www.fminet.com/construction-outlook/
For 65 years, FMI has been the leading management consulting and investment banking firm dedicated exclusively to engineering and construction, infrastructure and the built environment.
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Rebecca Esler, FMI