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
| May 23, 2014
Big design, small package: AIA Chicago names 2014 Small Project Awards winners
Winning projects include an events center for Mies van der Rohe's landmark Farnsworth House and a new boathouse along the Chicago river.
| May 23, 2014
Top interior design trends: Gensler, HOK, FXFOWLE, Mancini Duffy weigh in
Tech-friendly furniture, “live walls,” sit-stand desks, and circadian lighting are among the emerging trends identified by leading interior designers.
| May 22, 2014
How to measure what matters
Measuring what matters is essential for professional services firms, says author and consultant Tim Williams, particularly as firms continue to experiment with the concept of outcome-based compensation agreements.
| May 22, 2014
BIM-driven prototype turns data centers into a kit of parts
Data center design specialist SPARCH creates a modular scheme for solutions provider Digital Realty.
| May 22, 2014
7 ways it pays to use BIM for data centers
Here’s where AEC firms and owners are getting the most bang for the buck when using BIM/VDC to coordinate data center projects.
| May 22, 2014
No time for a trip to Dubai? Team BlackSheep's drone flyover gives a bird's eye view [video]
Team BlackSheep—devotees of filmmaking with drones—has posted a fun video that takes viewers high over the city for spectacular vistas of a modern architectural showcase.
| May 22, 2014
NYC's High Line connects string of high-profile condo projects
The High Line, New York City's elevated park created from a conversion of rail lines, is the organizing principle for a series of luxury condo buildings designed by big names in architecture.
| May 22, 2014
Just two years after opening, $60 million high school stadium will close for repairs
The 18,000-seat Eagle Stadium in Allen, Texas, opened in 2012 to much fanfare. But cracks recently began to appear throughout the structure, causing to the school district to close the facility.
| May 22, 2014
Senate kills bipartisan energy efficiency bill over Keystone pipeline amendment
The legislation focused on energy efficiency standards such as water heaters with smart meters and cheaper heating and cooling systems for office buildings.
| May 22, 2014
IKEA to convert original store into company museum
Due to open next year, the museum is expected to attract 200,000 people annually to rural Älmhult, Sweden, home of the first ever IKEA store.
