FMI report predicts growth in 2008

The 2008 U.S. Construction Overview, published annually by FMI, forecasts a 5.8 percent growth in put-in-place construction for 2008, after a decline of 3.7 percent in 2007. Construction put in place in 2008 will be worth $1.21 trillion, it predicts.

The Overview offers a comprehensive report on vital construction trends. It forecasts growth or decline in each market segment and geographic region, noting both shortterm and long-term considerations. The 2008 edition also covers several standout trends in the construction industry: green building, employee ownership, productivity improvement, and the existence of a large Hispanic work force.

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