Put-in-Place Construction to Reach $1.04 Trillion in 2015

Put-in-Place Construction to Reach $1.04 Trillion in 2015

FMI, an organization offering management consulting, investment banking and people development services to the engineering and construction industry, released its 2015 U.S. Markets Construction Overview. FMI researchers predict 2014 will end with about 7 percent growth in construction put in place. This rate of growth is expected to continue with a total CPIP of $1.04 trillion in 2015. This is great news for mason contractors.

The overview consists of three sections: a synopsis of the key energy market trends impacting the construction industry, industry sector challenges and a detailed economic forecast.

A few highlights:

• The 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, craftsmen and workers remains a challenge, with the marketplace seeking solutions through increased productivity, improved business practices, aggressive recruiting and succession planning.
• Funding for needed heavy civil projects will continue to be challenging.

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