Business Services Industry
Construction growth projected for 2008.(contractor news)
Snips, March, 2008
The construction industry should see 5.8 percent growth in the coming year, according to FMI Corp.
In 2008, completed construction will total $1.21 trillion, about 9 percent of U.S. gross domestic product.
FMI, a construction consulting company, released the figures as part of its 2008 U.S. Construction Overview publication.
The annual publication also offers reports on construction trends and forecasts the growth or decline in each market segment and geographic region.
In the area of so-called green building, nonresidential construction was worth $13.4 billion in 2006. By 2008, FMI has projected that $21.2 billion of all new nonresidential construction will employ the use of green-building principles, a 58 percent increase. FMI...
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