FMI Forecast: Market Growth Pace Slows; Non-Residential Structures to Outperform

Industry News / Market Forecast

April 10, 2019

FMI Forecast: Market Growth Pace Slows; Non-Residential Structures to Outperform

Total U.S. engineering and construction spending is forecast to rise 3 percent in 2019, down from a 4 percent increase in 2018, according to the latest FMI U.S. Construction Outlook.

Spending growth in 2019 will be led by public investment across both the non-residential buildings and non-residential structures.

Top performing segments in 2019 are forecast to be Transportation (+9 percent), Public Safety (+6 percent), Educational (+5 percent), and Manufacturing (+5 percent). Segments forecasted to perform poorly include Religious (-5 percent), Multifamily (-5 percent), and Lodging (-2 percent).

Looking longer term (through 2023), FMI forecasts continued strong performance in non-residential structures, with Power, Highway and Street, Sewage and Water Disposal, Water Supply, and Conservation and Development enjoying stable growth. In the non-residential buildings sector, Health Care, Education, Public Safety, Transportation, and Communication are expected to do well.

To view the report, click here.

All comments to blog posts will be moderated by ACEC staff.