2013 Construction Forecast Up 8 Percent, FMI Reports
April 9, 2013
The 2013 forecast for construction-put-in-place is up 8 percent―$918 million―over 2012, according to consulting and investment firm, FMI. Even with the strong improvement, however, FMI does not expect annual construction to go above the trillion-dollar mark until 2015.
Residential buildings have shown the most improvement. While single-family construction was up 23 percent, multifamily construction improved 47 percent in 2012, and FMI expects it to increase another 31 percent in 2013.