FMI
Firm anticipates 7 percent increase in construction next year
Researchers at FMI, a management consulting and investment banking firm to the construction industry, are predicting construction-put-in-place (CPIP) growth rates to be slightly ahead of the gross domestic product in 2014. FMI is specifically predicting construction put in place to… Keep Reading
FMI still sees 2014 construction growth, yet its forecast is tapered
FMI forecasted growth in both residential and commercial construction for 2014 upon releasing its third-quarter construction outlook, but the management consulting and investment banking organization reined in its expectations based on recent market developments. As part of its Q3-2013 Construction… Keep Reading
Nonresidential construction given a slight boost
FMI released its third-quarter Nonresidential Construction Index (NRCI) report, as panelists gave nonresidential construction a 0.2-point improvement over the second quarter for a score of 60.3. The score is the NRCI index's highest since the first quarter of 2009. According… Keep Reading
Nonresidential Construction Index hits record high
FMI released its second-quarter Nonresidential Construction Index (NRCI) report, giving nonresidential construction its highest score in more than four years after receiving feedback from its panelists. The NRCI score of 60.1 is a two-point improvement over the first quarter of… Keep Reading
Construction put-in-place exceeding 2012 levels
The forecast for total construction-put-in-place for 2013 continues to show an increase of 8 percent over 2012 levels with an expected expenditure topping $900 billion, according to FMI's first quarter construction outlook. Residential building is showing the most promise, with… Keep Reading
FMI’s latest index another good sign for nonresidential construction
FMI's nonresidential construction index climbed 2.6 points in the first quarter this year to reach the 58.1 mark. The 4.5 percent increase is the result of bright spots in the economy, including a positive outlook on hiring. According to FMI,… Keep Reading
Construction project delays not uncommon
Eighty-three percent of construction owners are reporting project delays and 41 percent are reporting project cancellations, according to FMI's Construction Users Roundtable (CURT). Also, 93 percent of owners report having to self-fund projects. The roundtable is made up of U.S.… Keep Reading
Nonresidential construction index rises slightly
FMI's Nonresidential Construction Index (NRCI) is up less than one point from last quarter to 55.5. FMI panelists attribute the uptick in nonresidential construction to optimism over the national and local economies. Still, FMI's panelists are hesitant about the economic… Keep Reading
Near double-digit growth in works for construction put in place
FMI is forecasting an 8 percent increase in total construction put in place for 2013, attributing the forecast to more robust growth in residential construction and a few strong markets in nonresidential and non-building construction. According to FMI, private markets… Keep Reading
