FMI Sees 6% Construction Growth in 2017

FMI Sees 6% Construction Growth in 2017

FMI, a management consulting and investment banking firm focused on engineering and construction, infrastructure and the built environment. has come out with its forecast for non-residential construction for 2017 and it dovetails with other forecasts at about 6% growth overall.

ConstructionPros.com has a summary:

Highway and Street – Highway and street construction increased just 1% in 2016 to $91.0 billion. FMI forecasts 3% growth for 2017 and another 4% in 2018. The Fixing America’s Surface Transportation (FAST) Act for highway and transportation funding removed some uncertainty for highway funding; however, we do not expect a significant jump in spending over current levels. Although much political discussion is being generated around infrastructure with highways, streets and bridges being high on the list, no real plans are in place at the federal budget level.

The full report is here in PDF format: Outlook_2017Q1_FINAL_DIGITAL.