Forecaster sees modest growth rate across key construction sectors

Source: FMI Corp., Raleigh, N.C.

Construction activity in 2015 is expected to grow at 5 percent, leveling off from the previous forecast of 8 percent in the first quarter of 2015, according to the Q2 Construction Outlook from lead management consultant FMI. “Construction spending continues to build on the rapid growth experienced in the industry last year,” says Senior Managing Director and President of Investment Banking Chris Daum. Although the Q2 Outlook is lower than last quarter’s, he adds, it still finds 2015 logging the highest total for construction put in place since 2008.

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