FMI's construction outlook for Q3 2017
Despite the many political and economic uncertainties, the total construction spend for the U.S. is forecast to end up 4% higher in 2017 compared to last year. Although this is a drop from the pace of growth from 2013 through 2016, it seems to indicate that the recovery bounce is over and more normal, albeit slower growth is expected for the next few years. The Index score for the third quarter NRCI slipped 2.0 points to 58.8 but maintains a level of optimism for construction moving forward.
View FMI's latest forecast and Non-Residential Construction Index (NRCI).