January 30th, 2017
RALEIGH, N.C. FMI Corporation, the leading provider of management consulting and investment banking services to engineering and construction, infrastructure and the built environment, is pleased to announce the release of its “2017 U.S. Markets Construction Overview.” The publication offers comprehensive construction forecasts for a broad range of market segments and geographies and provides valuable insights from FMI executives on how to navigate the next 12 months.
Key highlights of the report include:
- The outlook for construction growth in 2017 continues to be positive for all market sectors.
- FMI expects a 1% increase in construction-put-in-place growth throughout the year (compared to the 5% increase in 2016)
- The total NRCI Index Score fell from 57.3 (third quarter 2016) to 56.9 in the fourth quarter of 2016. While the trend indicates a slower outlook for nonresidential construction, the Index is still solidly in positive territory, as it has been since the first quarter of 2012.
- FMI’s key advice for 2017 is: “Plan for contingencies; execute based on the facts.”
Chris Daum, FMI’s CEO, states, “Looking ahead in 2017, there is cause for continued optimism for the North American E&C industry. However, beyond a sound economy and other traditional demand drivers, there is growing hype for a boom market in infrastructure spending, which to date is nothing more than speculation based on the new presidential administration. Our caution to clients is similar to the old Wall Street bromide, “buy the rumor and sell the news.” Only in this case, we should all prepare for the possibility, but invest behind the facts.”
For over 60 years, FMI has been the leading management consulting and investment banking firm dedicated exclusively to engineering and construction, infrastructure and the built environment.
FMI serves all sectors of the industry as a trusted advisor. More than six decades of industry context, connections and insights lead to in transformational outcomes for our clients and the industry.
FMI helps you build your foundation for tomorrow and optimize your business for today. Industry Focus. Powerful Results.
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