The second quarter 2022 Construction Industry Round Table (CIRT) Sentiment and Design Index scores fell for the third consecutive period from highs set in the third quarter of 2021. Discover insights on current topics, such as backlogs, capacity, hiring goals, safety and other topics in our second quarter 2022 CIRT Sentiment Index.
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As inflation continues to rise, pushing the price of doing business up for everyone, understanding the economic environment is critical. Get insights from our market research team in this paper.
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First quarter 2022 CIRT index scores came in slightly lower than the fourth quarter of 2021. Discover insights on current topics, such as backlogs, capacity, hiring goals, impact of the infrastructure package on business planning, and the top risks or concerns for 2022 in our first quarter 2022 CIRT Sentiment Index.
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The first quarter 2022 Heavy Civil Construction Index showed increased optimism, climbing to 55.4 from 51.7 in the fourth quarter of 2021. This marks a full year of expansionary reporting and is a sign of strength after last quarter’s moderate decline. Every component of the index showed improvement except cost of labor, which, alongside cost of materials, continues to weigh heavily on the index.
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Learn what top executives see as the biggest risks for 2022 in the latest FMI/AGC risk survey.
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Demand for construction materials is set to soar with federal infrastructure funding passing last year. We are expecting strong, sustained demand for CM as projects to repair, maintain and modernize infrastructure kick off in 2022 and continue beyond 2026, addressing a massive backlog of repair needs.
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The Heavy Civil Construction Index (HCCI) ended its yearlong streak of upward movement going into the fourth quarter of 2021, retreating from 58.2 to 51.7.
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Though scores remain near historical highs, fourth quarter CIRT results indicate the first signs of softness in sentiment in more than a year. The Sentiment Index fell slightly to 74.9 from a high of 79.7 last quarter. The Design Index followed trend, declining to 83.4 from its prior high of 86.8.
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DBIA partnered with FMI to conduct an update of the 2018 Design-Build Utilization Study. The research provided in this report aims to provide updated information related to Design-Build Market Sizing and Growth and Design-Build Trends and Drivers.
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The U.S. is now at or above the 25-year average for growth in construction, following a 76% increase in construction spending from 2010 to 2020. Shortages in construction materials and labor combined with continued supply chain fragility have constrained growth for some parts of the engineering and construction industry. Download FMI's latest paper to better understand how to ready your business […]
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