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News/December 2, 2014

FMI Predicts U.S. Construction Put in Place Will Reach $1,040 Billion in 2015

Firm Releases Annual U.S. Markets Construction Overview

RALEIGH, N.C. (December 3, 2014) — 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.

FMI publishes the U.S. Markets Construction Overview annually. To purchase a copy, click here. For more information about FMI’s Overview, please contact Sarah Avallone at 919.785.9221 or via email at savallone@fminet.com.

In addition, each quarter FMI produces its Construction Outlook that supplements the Overview. If you would like to receive an electronic copy of the quarterly Construction Outlook, please email outlook@fminet.com.


*Investment banking services provided by FMI Capital Advisors, Inc., a registered broker-dealer and wholly owned subsidiary of FMI.

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