FMI forecasts modest growth in 2014 for residential, commercial construction
Health-care, educational and manufacturing construction to also post modest growth.
Construction management consulting firm FMI (www.fminet.com) released its Q3-2013 Construction Outlook Sept. 16. The markets continue to shift, reducing annual Construction-Put-In-Place predictions to $909.6 billion, down nearly $4 billion from previous predictions. Early forecasts for 2014 show annual CPIP continues moderate growth of 7%, rising to $977 billion.