Dive Brief:
- Industry consultant FMI scaled back its third-quarter prediction for UI.S. construction put in place by the end of this year to $909.6 billion for all types.
- The company cited uncertain markets for the added caution.
- The areas where FMI predicts negative growth this year are manufacturing construction and healthcare.
Dive Insight:
FMI's overall outlook for 2014 is positive, with even a 4% growth in construction for manufacturers, but residential growth should slow to a 12% pace next year and the expectation in construction for retailers is 5%. Not that any big issues could change it all, but FMI says uncertainty stems partly from what might happen with Syria, what effects Obamacare turns out to have and possible downsizing of government and small companies.