RALEIGH, N.C. – FMI Corporation, the leading provider of consulting and investment banking services to the Built Environment, is pleased to announce the release of its 2020 FMI Overview. The publication offers a commentary by FMI’s CEO, Chris Daum, on what key trends are expected to shape the Built Environment in the coming year and beyond. In addition, it provides comprehensive construction forecasts for a broad range of segments in the U.S. and Canada, as well as information on key drivers and geographic performance.
Key highlights of the report include:
- Total engineering and construction spending for the U.S. is forecast to end 2019 flat with 0% growth compared to 2018.
- Looking ahead to 2020, FMI forecasts a 1% increase in engineering and construction spending levels over 2019.
- Primary target growth segments in 2019 are expected to include a majority of the public infrastructure segments, including power, highway and street, sewage and waste disposal, water supply and conservation and development―all with growth rates of 5% or higher.
- Most other nonresidential building segments (health care, education, amusement and recreation, communication and manufacturing) are expected to end the year with growth roughly in line with rate of inflation, and therefore be considered stable.
- All residential segments (single-family, multifamily and improvements), along with commercial and religious, are expected to end 2019 in decline. Multifamily residential, residential improvements, commercial, religious, amusement and recreation, and manufacturing are anticipated to experience declines in 2020.
- Total engineering and construction spending in Canada is anticipated to be just shy of $295 billion for 2019. This comes to a modest 2% increase over 2018 or about $6 billion in additional investment. Looking ahead to 2020, FMI forecasts total spending to increase 5% to top $307 billion.
To access the 2020 FMI Overview, please click here.
FMI is the leading provider of consulting and investment banking to the Built Environment. We provide services in the areas of strategy, leadership and organizational development, performance, technology and innovation, mergers and acquisitions, financial advisory and private equity financing.
For more information, please visit www.fminet.com.
Lee Eiler, FMI