The MAPI Foundation's latest quarterly analysis expects a stronger housing market and healthy non-residential construction to spur growth in related industrial sectors, including furniture, appliances and non-metallic minerals - a category that comprises glass, drywall, cement and other construction materials.

"You'll see some of the fastest growth in some of these industries," MAPI Foundation chief economist Daniel Meckstroth said.

Construction in the manufacturing sector, in particular, is "booming" at the moment after rising 56 percent in the first half of 2015, he said.

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