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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The 2021 Heavy Civil Construction Index: Third Quarter Report continues its upward trend for the fourth consecutive quarter, improving from 55.8 in the second quarter to 58.2. The index again features a score greater than 50, which suggests forthcoming industry expansion.
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The third quarter 2021 CIRT Sentiment Index rose to 79.7 from 79.1 last quarter and the Design Index climbed to 86.8 from 83.9. In our third quarter report we also delve into what executives are thinking about project disruptions, pricing, cybersecurity and other issues.
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In mid-2020, FMI partnered with the Construction Financial Management Association (CFMA) to survey construction executives on their ownership transfer and management succession (OTMS) plans. The results presented are based on almost 250 responses.
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Heavy civil contractors are feeling optimistic for the first time in a year, according to FMI’s second quarter 2021 Heavy Civil Construction Index (HCCI). Download your copy of the index and learn more about how heavy civil contractors feel about the state of the industry.
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Is now the right time to sell? As the nation moves beyond the distress of 2020, the economy and government have turned their attention back towards growth and development. FMI’s latest research report analyzes the key economic factors that affected the construction materials market. Download the Construction Materials Market Outlook Spring 2021.
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