As management consultants to the construction industry, FMI annually provides a detailed look at the health of the industry. This year’s U.S. Markets Construction Overview also provides sector-by-sector analysis.
For the residential sector, after five years of rapid growth, says FMI, the residential markets are poised to level off. Total housing starts in 1999 reached 1.66 million units, representing a gain of 22.8% since 95. For 2000, it estimates that starts will decline to 1.57 million units and will be at 1.47 million units for 2001.