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FMI releases Construction Outlook for second quarter

June 29, 2009


FMI, management consultants and investment bankers for the construction industry, has released its Construction Outlook: Second Quarter 2009 Report. FMI forecasts total construction in 2009 and 2010 will be down 13 percent and 7 percent, respectively. According to the report, residential construction will decline 19 percent in 2009 and 1 percent in 2010; nonresidential construction will turn negative this year and decline 14 percent, with even further declines of 17 percent in 2010; nonbuilding construction will continue to be the only bright spot, increasing 4 percent per year in 2009 and 2010.p>

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