FMI forecasts $826.3 billion in total construction in 2012, a 5% increase over last year. The last time construction put in place was at this level was 2000-2001. Despite slow growth projections and rising gasoline prices, the GDP is still growing and consumers are still spending. Projections indicate a 4% increase in nonresidential buildings for 2012, topping $341 billion, with slightly higher growth in 2013 to $361 billion. But competition is fierce, with low price still the name of the game. For the full report, CLICK HERE.
