FMI, a leading provider of management consulting and investment banking to the engineering and construction industry, announces the release of the 2014 Fourth Quarter Nonresidential Construction Index report.
The NRCI shows a slight increase from 62.5 in the third quarter to 62.8 in the fourth quarter of 2014. This is nearly 5.5 points ahead of fourth quarter 2013. An NRCI greater than 50 indicates improvement or expansion.
There are many good reasons for optimism by NRCI survey respondents this quarter. The top-three are: businesses are starting to build again, backlogs are expanding, and future business looks good with low inflation. A close fourth is a sense of financial security with improved balance sheets.
However, the costs of labor and materials are still on the rise, thus holding down the overall NRCI score. In addition, nearly one-fourth of the panelists expressed concern about the availability of skilled labor.
To download a copy of the full report, click here.
About FMI
FMI is a leading provider of management consulting, investment banking* and research to the engineering and construction industry. FMI services all segments of the industry providing clients with value-added business solutions.
Related Stories
Architects | Feb 3, 2015
Frank Lloyd Wright’s work nominated for UNESCO World Heritage Status
If selected, Wright’s work will be the first examples of U.S. modern architecture on the list.
Contractors | Feb 3, 2015
Nonresidential construction spending expands in December 2014
Seven of 16 nonresidential construction subsectors posted increases in spending in December on a monthly basis.
Office Buildings | Feb 3, 2015
Bjarke Ingels' BIG proposes canopied, vertical village for Middle East media company
The tensile canopy shades a relaxation plaza from the desert sun.
Fire-Rated Products | Feb 3, 2015
AIA course: Fire and life safety in large buildings
Earn 1.0 AIA/CES learning units by studying this article and successfully completing the online exam.
Multifamily Housing | Feb 2, 2015
D.C. developer sees apartment project as catalyst for modeling neighborhood after N.Y.'s popular High Line district
It’s no accident that the word “Highline” is in this project’s name. The goal is for the building to be a kind of gateway into the larger redevelopment of the surrounding neighborhood to resemble New York’s City’s trendy downtown Meatpacking District, through which runs a portion the High Line elevated park.
Healthcare Facilities | Feb 1, 2015
7 new factors shaping hospital emergency departments
A new generation of highly efficient emergency care facilities is upping the ante on patient care and convenience while helping to reposition hospital systems within their local markets.
Multifamily Housing | Jan 31, 2015
5 intriguing trends to track in the multifamily housing game
Demand for rental apartments and condos hasn’t been this strong in years, and our experts think the multifamily sector still has legs. But you have to know what developers, tenants, and buyers are looking for to have any hope of succeeding in this fast-changing market sector.
Multifamily Housing | Jan 31, 2015
20% down?!! Survey exposes how thin renters’ wallets are
A survey of more than 25,000 adults found the renters to be more burdened by debt than homeowners and severely short of emergency savings.
Multifamily Housing | Jan 31, 2015
Production builders are still shying away from rental housing
Toll Brothers, Lennar, and Trumark are among a small group of production builders to engage in construction for rental customers.
Architects | Jan 30, 2015
Exhibit captures 60 of Bjarke Ingels' projects — from hottest to coldest places on Earth
The Hot to Cold exhibit encompasses 60 of BIG’s recent projects captured by Iwan Baan´s masterful photography.
