RALEIGH, NC — According to FMI’s Construction Outlook, Second Quarter 2002 Report, “Improving economic conditions, unseasonably warm weather this winter, and increased government spending have helped bolster the construction industry during the past six months. But these results may not represent changes in the underlying factors that determine the direction of the construction market.” The underlying factors point to construction expansion later, in 2003.
Timothy D. Aylor, FMI construction economist, noted, “The U.S. economy appears to be recovering from the second-mildest recession on record.