Construction Put In Place to Grow 8 Percent in 2015

Words: Dan KamysTotal construction put in place for 2015 is predicted to grow 8 percent according to the latest report from FMI, an organization offering management consulting, investment banking and people development services to the engineering and construction industry. This supports earlier FMI predictions that CPIP will top $1 trillion in 2015, something the market has not seen since 2008. This indicates that the economy is on track for a resilient recovery. “The current growth cycle appears to be broad-based and sustainable,” says Randy Giggard, managing director of research services for FMI. “Most of the new construction activity is in the private sector. Projects dependent on government spending, especially those involving infrastructure, continue to be at the mercy of politics.” Geographically, larger cities are experiencing strong construction growth due in part to increases in rents and declining inventory for housing and office space. The sectors expected to experience the highest growth rate are:
  • Lodging construction – 16 percent CPIP growth
  • Commercial construction – 15 CPIP growth
  • Manufacturing construction – 11 CPIP growth
  • Office construction – 11 CPIP growth
  • Residential construction – 9 percent CPIP growth
From Day One to Long-Term Success: Onboarding Strategies for Contractors
January 2026

The construction industry is facing one of its toughest challenges in decades. Companies are struggling to find enough skilled workers while competing to keep the ones they have. At the same time, projects are becoming more complex, deadlines are tighter,

Matt Dibara
Business Management
Read More
Finding the Right PPE for Your Work
January 2026

When it comes to PPE, one thing’s for sure: safety isn’t one size fits all. The work you’re doing, where you’re doing it, and even what time of year it is, can all make a big difference in what gear actually works. Price, comfort, and job performance all

Greg Brown
Safety Library
Read More
Back Injuries: The Real Cost and How to Prevent Them
January 2026

The mention of back injuries makes mason contractors cringe, and for good reason. Masons lift heavy objects every day, all day long. When a person sustains a back injury, it is serious. It affects every part of their life, from their ability to perform wo

Zach Everett
Safety Library
Read More
Detailing for Durability: The 2026 Guide to High-Performance Stone Veneer Transitions
January 2026

Some of the most expensive failures involving manufactured stone veneer installations don’t come from the stone at all, but rather from the material transitions and flashing around it. Transitions are weak points in the overall cladding where water can fi

Jeff Tew
Technical Talks
Read More