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Construction spending is set to reach $1.35 trillion in 2019 and increase to $1.46 trillion by 2022, according to FMI. While a downward trend is expected for multifamily construction this year and next, areas such as public safety, education, lodging and office will grow during the period, FMI says. Read the Building Design + Construction story here
Stone Martin Commercial, a division of Stone Martin Builders, a leading homebuilder in Alabama, completed construction on its first ground up build project, the Wyndham Industrial Warehouse in Opelika, Alabama. This achievement signifies Stone Martin Commercial’s successful expansion into the commercial construction sector.
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