Construction industry consultant firm FMI stated in its “2015 U.S. Markets Construction Overview” that 2014 will end with an estimated 7% growth in construction put in place. FMI researchers predict that this rate of growth will continue with a total CPIP of $1.04 trillion in 2015.
Highlights of the report include:
• The North American oil and gas industry 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.
To purchase a copy of the report, visit http://www.fminet.com/resources.