Construction Expected to Grow at Modest Rate across Key Sectors, Says FMI
The outlook still reports the highest total for construction put in place since 2008
NEW YORK — Construction activities are expected to grow at 5 percent in 2015, levelling off from the previous forecast of 8 percent in Q1 2015, according to the Q2 Construction Outlook released by FMI Corp.
Although the prediction is significantly lower than last quarter, the outlook reports the highest total for construction put in place since 2008. “Construction spending continues to build on the rapid growth experienced in the industry last year,” said Chris Daum, senior managing director and president of investment banking at FMI.