nonresidential construction
Firm: Political infighting, uncertainty slowing nonresidential construction
FMI, a management consulting and investment-banking firm with an index that measures nonresidential construction growth, released its latest report that shows a 2.9-percent fourth-quarter drop for the category. FMI gave the fourth quarter a score of 57.4 on its Nonresidential… Keep Reading
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
August construction rises 2 percent
New construction starts in August advanced 2 percent compared with July, according to McGraw-Hill Construction. According to the firm, nonbuilding construction rebounded after momentum was lost in July. At the same time, McGraw-Hill Construction says nonresidential building retreated from an… Keep Reading
Report: Asphalt demand to rise each year through 2017
Demand for asphalt in the United States is forecasted to increase 3.7 percent annually to 27.9 million tons in 2017, according to a Freedonia Group Inc. report. Demand is expected to advance from its low 2012 base, spurred by growth… 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
July construction recedes
New construction starts in July decreased 2 percent to a seasonally adjusted annual rate of $479.1 billion, according to McGraw-Hill Construction. July statistics lowered the Dodge Index to 101, down from a revised 103 for June. The nonbuilding construction sector,… 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
Economist expects recovery to continue into 2013
In a 2013 construction forecast released Dec. 4, ABC Chief Economist Anirban Basu predicted nonresidential construction spending to expand 5.2 percent next year, with much of the expansion coming from privately financed projects. “With the elections now behind us, the… Keep Reading
Institutional building increase boosts Dodge Momentum Index
The Dodge Momentum Index, the monthly measure of the first report for nonresidential building projects in planning, held steady in November, according to McGraw-Hill Construction. The index registered a 92.5 in November – an increase relative to October's revised 92.0.… Keep Reading
