Increased growth is expected in healthcare construction with 3.9 percent growth in 2014 and 8.4 percent and 9.1 percent growth in 2016 and 2017, according to an article on the Triangle Business Journal website.
An average five-year growth rate of 6.7 percent through 2017 is predicted in a new report out by FMI Capital Advisors.
The weak markets in the construction industry are still those that depend mostly on government spending, such as streets and highways, water and wastewater, and conservation and development. Each one of those sectors is forecast to grow less than 3 percent on average each year over the next five years, the article said.
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