RALEIGH, N.C. — FMI announces the release of its 2015 U.S. Markets Construction Overview. FMI researchers 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 $1.04 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:
- 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.
For information on how the forecast and predictions are developed, visit fminet.com/research/research-solutions/forecasting.
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