FMI predicts U.S. construction put in place will reach $1,040 billion in 2015
Firm releases annual U.S. Markets Construction Overview
FMI, the leading provider of management consulting, investment banking* and people development services to the engineering and construction industry, announces the release of its 2015 U.S. Markets Construction Overview. Researchers at FMI predict 2014 will end with approximately 7 percent growth in construction put in place. This rate of growth is expected to continue with a total CPIP of $1,040 billion in 2015.
The overview consists of three major sections: a synopsis of the key trends in the energy market and their widespread impact on the construction industry, important issues facing industry sectors and a highly detailed economic forecast by industry sector.
A few highlights include:
- The booming oil and gas industry in North America is driving growth in the industrial market, but could be draining talent and resources from other sectors.
- Finding and retaining effective leaders, executives, craftsmen and workers remains a primary challenge as the marketplace seeks solutions through increased productivity, improved business practices and aggressive recruiting.
- The need for succession planning and a pipeline of future leaders is becoming ever more vital as baby boomers retire in large numbers.
- Funding for needed heavy civil projects will continue to be challenging, especially for many state and local governments.
- Capital expenditures are rising in some regions while lagging in others, but measurable movement is happening.
About the Author
Sarah Avallone is a Marketing Associate at FMI. Contact Sarah at 919-785-9221 or savallone@fminet.com.
* Investment banking services provided by FMI Capital Advisors, Inc., a registered broker-dealer and wholly owned subsidiary of FMI.
