Single Family Residential Construction Outlook Improving

Will the outlook for commercial construction follow suit? According to FMI, single family residential has a very positive outlook.   As stated by Craig Webb, ProSales Online:

Expenditures for residential building construction and improvements nationwide will rise between 6% and 16% per year through 2014, climbing in constant dollar value from $274.57 billion this year to $416.01 billion in 2014, the management consultant and investment banker FMI Corp.predicted today.

Spending on single-family residential building will go up 10% to 24% per year, rising from $123.61 billion in 2010 to $232.67 billion in 2014, the Raleigh, N.C.-based group said. In contrast, it predicted spending on multifamily buildings would drop 12% this year and 8% in 2011 before turning around in 2012 and rising 28% that year, 8% in 2013 and 9% in 2014. In constant dollar terms, the annual expenditures would go from $31.34 billion in 2010 to $43.31 billion in 2014.  Read more...

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