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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.


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