Tag: construction-put-in-place

Business

Construction spending falls 0.6% in July

A decline in nonresidential brought down total U.S. construction spending in July. Total spending dipped 0.6 percent from June to $1.2 trillion but remains up 1.8 percent over the July 2016 total. Total nonresidential spending dropped 1.7 percent in July to $688 billion but is down 4.3 percent from the year-ago total. Top percentage declines […]

September 6, 2017

Business

Despite slow start to 2014 and concerns, top construction economists forecast growth in spending and jobs

The outlook from respected economists in the construction industry continues to be mixed as all the elements for growth are there but several factors could limit or hurt the industry’s ongoing recovery. Bernard Markstein, chief economist at Reed Construction Data, Kermit Baker, chief economist at the American Institute of Architects and Ken Simonson, chief economist […]

April 17, 2014

Business

Construction expected to grow 8% this year with “groundhog”-like growth from nonresidential

Construction industry consultant FMI has released what it calls a “cautiously optimistic” outlook for the industry in 2014 in its latest quarterly report. The report predicts construction put-in-place to grow 8 percent this year and for the next few years. “Just like the spring, despite all odds and nasty economic weather, the nation needs to […]

March 27, 2014

Business

Forecast for U.S. construction value at year’s end dropped due to 3 political uncertainties

Citing three different political situations it expects to cause continued shifting in construction markets, FMI has again revised downward its forecast for overall construction value. FMI, a management consulting and investment banking provider for the engineering and construction industry, dropped its forecast for the U.S. value of construction-put-in-place to end at $909 billion this year. That’s […]

September 23, 2013

Business

Forecast for 2013 construction value growth revised down due to shifting strength of individual markets

In its second quarter 2013 Construction Outlook report, FMI has revised down its forecast for overall construction value growth to 7 percent from the 8 percent growth forecasted in the first quarter. FMI, a management consulting and investment banking provider for the engineering and construction industry, dropped its forecast for the U.S. value of construction-put-in-place […]

July 10, 2013

Business

Construction fuel consumption falls 0.74% in April

The WEX Construction Fuel Consumption Index fell for the second consecutive month in April, indicating a slowing in construction activity. The construction industry’s fuel consumption fell by by 0.74 percent in April after falling an adjusted 1.2 percent in March. The original reading was a dip of 0.9 percent. Nevertheless, WEX notes that April marks […]

May 21, 2013

Roadbuilding

Construction value expected to reach $919 billion in 2013

FMI’s first-quarter 2013 Construction Outlook shows that the value of annual construction is expected to increase to 8 percent over 2012 levels, our sister site, Equipment World, reports. FMI forecasts the U.S. value of construction-put-in-place to rise to $919 billion this year. Though the report refers to the figure as a “solid improvement,” it says […]

April 9, 2013

Business

Annual U.S. construction value forecast to reach $919 billion

The value of annual construction is expected to show an increase of 8 percent over 2012 levels, according to a recent report from FMI. In its first quarter 2013 Construction Outlook, FMI, a management consulting and investment banking provider for the engineering and construction industry, forecasts the U.S. value of construction-put-in-place to rise to a […]

April 9, 2013

Business

Construction spending hits highest mark in 3 years

Construction spending increased by 9.6 percent in the year between October 2011 and October 2012, to a 37-month high of $872 million, according to seasonally-adjusted data released by the United States Census Bureau. “…Construction has finally come out of its long slump,” said Ken Simonson, chief economist for the Associated General Contractors of America, in […]

December 3, 2012

Business

FMI: Construction-put-in-place, employment on the rise

FMI has released its Third Quarter 2012 Engineering and Technical Professional Services Industry Update, anticipating construction put in place to increase between 5 percent, to $826 billion, and 7 percent, to $882.4 billion, in 2013. This growth is expected to include solid recovery in housing, strong growth in power construction and slow growth in commercial […]

November 29, 2012