While this might represent a lull, spending should continue to
expand over the near term as multifamily starts have exceeded 200,000 units in 8 of the last 9 months and permits for 5 + units surged to a four - year high in September.
Engineering construction has risen by 50 per cent
over the past year, to reach very high levels, and is set to
expand further in the
near term, driven by a considerable stock of resource and infrastructure work in the pipeline.