This year’s Overview forecasts a 5.8% growth of construction put in place for the coming year, although it was down 3.7% in 2007. The report estimates that in 2008, construction put in place will total $1.21 trillion, about 9% gross of domestic product.
As for green building, the Overview says that green nonnresidential construction put in place was $13.4 billion in 2006. By 2008, FMI projects $21.2 billion of all new nonresidential construction will employ the use of green-building principles-a 58% increase.