According to management consultant and investment banker to the engineering and construction industry FMI’s annual U.S. Markets Construction Overview, commercial-buildings, offices, manufacturing-facilities, communications-systems, and lodging construction put in place (CPIP) will perform at an average of 60 percent of 2008 levels—off by more than $115 billion—in 2013.
By 2016, the sectors are predicted to reach only 70 percent of 2008 CPIP.
On the bright side, health-care CPIP is predicted to reach record levels by 2013. Additionally, education CPIP is expected to continue to rise, achieving 2008 numbers by 2016.
The cost of the 2013 U.S. Markets Construction Overview is $135. To purchase a copy, click here.