Construction value expected to reach $919 billion in 2013

| April 9, 2013

FMI logoFMI’s first-quarter 2013 Construction Outlook shows that the value of annual construction is expected to increase to 8 percent over 2012 levels, our sister site, Equipment World, reports.

FMI forecasts the U.S. value of construction-put-in-place to rise to $919 billion this year. Though the report refers to the figure as a “solid improvement,” it says annual construction isn’t expected to return to a value of $1 trillion before 2015.

Highlights for 2013 from the forecast include a 23-percent rise in the construction of single-family homes to a value of $161 billion; a 47-percent improvement in multifamily housing; 10-percent growth in lodging; 5-percent growth in office construction; 7-percent growth in commercial construction to a value of $50.3 billion; 8-percent growth in health care construction to $44.2 billion; a 6-percent increase in manufacturing; and 8- to 9-percent growth in power-related construction.

FMI is a management consulting and investment banking provider for the engineering and construction industry.

Visit EquipmentWorld.com for the full report.

advertisement
comments powered by Disqus
advertisement

MORE STORIES

advertisement

New Road Products

advertisement
advertisement