Dive Brief:
- Construction put in place in 2014 is likely to grow a bit faster than the nation's gross domestic product does, according to FMI.
- The consulting and banking firm also says it expects this year to wind up with $909.6 billion in construction.
- Within the forecast, manufacturing construction is expected to get 4% larger from 2013, which will finish the year 2% lower than it was in 2012.
Dive Insight:
Residential is going to continue growing, FMI estimates. The firm's forecast puts it at 379.6 billion in 2014, which is 12.2% higher than where this year likely will wind up. Transportation is expected to finish this year with 8% growth, but 2014 is predicted to bring 7%.