Masons: Nonresidential Construction Index Hits Record High

Words: Dan KamysMasons: Nonresidential Construction Index Hits Record High

FMI, a  provider of management consulting and investment banking to the engineering and construction industry, announces the release of The 2013 Second Quarter Nonresidential Construction Index report. The NRCI score of 60.1 is a 2-point improvement over Q1 and the highest score for the NRCI index since its inception in Q1 2009.

This isn’t a bullish trend yet, but it demonstrates that the nonresidential construction market continues to push upward. However, the index for the overall economy rose 7.9 points and the combined index sentiment for economies where panelists are doing business rose 5.8 points.

Current issues for the Q2 NRCI include the effects of sequestration on public and private construction. The majority of the respondents expect only a 0 to 4 percent reduction in their public works projects due to sequestration.

Panelists for this quarter’s NRCI also responded to questions about potential labor shortages after losing more than 30 percent of the construction labor force during the recession. The majority of panelists reported few labor shortages at this time. Looking at a year from now, 22 percent of panelists expect severe shortages for construction laborers, as well as shortages for select tradespeole.

To download a copy of the full report, click here. For reprint permission or to schedule an interview with the author, please contact Sarah Vizard Avallone at 919.785.9221 or savallone@fminet.com.

Masonry Safety Inspections

The look of confusion and utter loss on people’s faces when I tell them that I’m a safety inspector for a masonry company is often hilarious.

About: Safety
Dave Jollay Announced as Third Inductee for MCAA 2024 Hall of Fame

Following in the footsteps of his father, O.L. Jollay, the founder of Jollay Masonry, Inc., Dave Jollay has carved out a remarkable career in the masonry industry.

What AI Can Do For the Masonry Industry

If your pension fund doesn’t hold NVIDIA stock, your fund manager has some questions to answer. This week, NVIDIA became the most valuable company in the world, with a market cap exceeding $3.4 trillion. They have been at the forefront of AI mania that ha

About: Featured
Brick: A Resilient Product That Will Make You Proud

Originating as the very dirt beneath our feet, brick has proven to be a sustainable, enduring solution that has been trusted for hundreds of years. While modern consumerism tends to focus on providing fast, cheap merchandise that is not intended to last,