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
| Jun 1, 2012
Gilbane Building's Sue Klawans promoted
Industry veteran tasked with boosting project efficiency and driving customer satisfaction, to direct operational excellence efforts.
| Jun 1, 2012
Ground broken for Children’s Hospital Colorado South Campus
Children’s Hospital Colorado expects to host nearly 80,000 patient visits at the South Campus during its first year.
| Jun 1, 2012
K-State Olathe Innovation Campus receives LEED Silver
Aspects of the design included a curtain wall and punched openings allowing natural light deep into the building, regional materials were used, which minimized the need for heavy hauling, and much of the final material included pre and post-consumer recycled content.
| Jun 1, 2012
New York City Department of Buildings approves 3D BIM site safety plans
3D BIM site safety plans enable building inspectors to take virtual tours of construction projects and review them in real-time on site.
| May 31, 2012
Product Solutions June 2012
Curing agents; commercial faucets; wall-cladding systems.
| May 31, 2012
8 steps to a successful BIM marketing program
It's not enough to have BIM capability--you have to know how to sell your BIM expertise to clients and prospects.
| May 31, 2012
3 Metal Roofing Case Studies Illustrate Benefits
Metal roofing systems offer values such as longevity, favorable life cycle costs, and heightened aesthetic appeal.
| May 31, 2012
AIA Course: High-Efficiency Plumbing Systems for Commercial and Institutional Buildings
Earn 1.0 AIA/CES learning units by studying this article and successfully completing the online exam.
| May 31, 2012
2011 Reconstruction Award Profile: Seegers Student Union at Muhlenberg College
Seegers Student Union at Muhlenberg College has been reconstructed to serve as the core of social life on campus.
| May 31, 2012
2011 Reconstruction Awards Profile: Ka Makani Community Center
An abandoned historic structure gains a new life as the focal point of a legendary military district in Hawaii.
