Dec. 10, 2007 ― 2008 Forecast: No Downturn In Nonresidential Construction
FMI announced in its “Construction
Outlook: Fourth Quarter 2007” that nonresidential and nonbuilding
will remain strong in 2008.
The report predicts
that nonresidential construction will increase again in 2008, although at a
slower rate ― expanding at a 5 percent rate in 2008 and a 4 percent rate in
2009 ― as the declines in residential begin to lower demand for certain
nonresidential segments.