by Brianna Crandall — December 8, 2014—FMI, a nationwide provider of management consulting, investment banking and people development services to the engineering and construction industry, has just announced the release of its 2015 U.S. Markets Construction Overview. FMI researchers predict 2014 will end with approximately seven percent growth in construction put in place (CPIP). This rate of growth is expected to continue, with a total CPIP of $1.04 trillion in 2015.
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 of the report:
- 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; it is available for purchase from the FMI Web site. In addition, each quarter FMI produces its Construction Outlook that supplements the Overview. The organization explains how the forecast and predictions are developed on its Web site.
Founded by Dr. Emol A. Fails in 1953, FMI provides management consulting, investment banking and people development services to the engineering and construction industry, with offices across the United States. FMI services all segments of the industry, providing clients with value-added business solutions.
