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FMI predicts U.S. construction put in place will reach $1,040 billion in 2015

Words: Sarah Al-mortajiFMI, 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.
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