Construction Spending is Projected to Increase by More Than 11% Through 2022
Post date
February 01, 2019
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By John Caulfield, Building Design + Construction
Spending for nonresidential buildings is expected to increase by 10% between 2018 and 2022, to $572.1 billion, or just under 40% of total construction put in place that year. Image: FMI
The office, education, amusement and recreation, manufacturing, and transportation sectors are expected to be the impetus behind a projected 3% increase in spending on engineering and construction in the United States, according to the recently released 2019 FMI Overview.