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FMI U.S. Construction Outlook Third Quarter 2018 Report

September 15, 2018

Spending growth in 2018 is forecast to be led by select nonresidential and residential segments. Current top-three-performing segments forecast through year-end 2018 include transportation (+13 percent), public safety (+10 percent) and conservation and development (+10 percent). The bottomthree-performing segments include religious (-4 percent), power (+2 percent) and manufacturing (+2 percent). Several segments appear to be strengthening into the third quarter of 2018. These include lodging and water supply, both of which have outperformed expectations and are now considered growth segments through 2018. Additionally, power spending has increased in recent months, and the segment has been promoted from a down segment into our stable territory at 2 percent growth through 2018.

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Randy Denney founded Denney Excavating Inc. in 1990. He began removing underground storage tanks and contaminated soil for gas stations which progressed to the demolition of gas stations and other structures. Capitalizing on his years of experience in the industry, and starting with a dedicated crew of skilled operators, he grew the company into one of the largest demolition contractors in Indiana.

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FMI U.S. Construction Outlook Third Quarter 2018 Report