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FMI’s 2019 North American Construction Outlook Second Quarter Report Released

Economic

From FMI

Total engineering and construction spending for the U.S. is forecast to end up 1 percent in 2019, compared to up 4 percent in 2018.

Spending growth in 2019 is expected to be led by public investment across both nonresidential buildings and nonresidential structures.

Current top-performing segments forecast in 2019 include:

Conservation and Development (+9 percent)
Transportation (+8 percent)
Water Supply (+8 percent)
Public Safety (+7 percent)
Office (+6 percent)
Highway and Street (+6 percent)
Forecast bottom-performing segments in 2019 include:

Religious (-6 percent)
Single-Family Residential (-5 percent)
Residential Improvements (-4 percent)
Only one segment was upgraded into our growth category through the second half of 2019, sewage and waste disposal. Conversely, educational and manufacturing have both been downgraded from growth to stable. Last, both single family residential and residential improvements have now been downgraded from stable to down. All three residential segments are now expected to end this year lower than 2018 spending levels.

To read more, click here.

 

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