The Nonresidential Construction Index from FMI rose two points in Q1. This normally is a positive economic sign. However, construction companies are facing the challenge of having enough people to keep up with increasing backlogs, warns Phil Warner, researcher for FMI.
The engineering and construction executives that comprise the NRCI panel are strongly optimistic about both the economy and their businesses. The diffusion indexes for the overall economy and the geographic economies where individual panelists do business rose more than six points, reaching 78.
The report discusses owners’ views on expectations for 2015 construction put in place, top business challenges for 2015, and employment trends. Lack of a skilled workforce was among the top concerns. Other comments express some political angst.
One panelist expressed, “Need a federal highway bill!” While another panelist said, “Another challenge is the increasing regulatory burdens placed on our clients and in turn our business. Some projects are taking almost two years to clear local planning hurdles. By the time the project is approved, budgets are obsolete, and the project may not be feasible.”
Related Stories
| Jun 15, 2012
Beck Group/Atlanta wins AGC Build Georgia Award
Site-specific safety plan, BIM analysis and third-party structural review contributed to successful implementation.
| Jun 15, 2012
Baldwin joins Charlotte office of Perkins Eastman as principal
Experience in healthcare planning and design to expand national healthcare practice in South and Mid-Atlantic.
| Jun 15, 2012
InPro’s bio-content becomes Cradle-to-Cradle CertifiedCM Silver
Two main components of G2 Blend formula now C2C Certified Silver.
| Jun 14, 2012
A. Eugene Kohn Watercolor Exhibition a showcase of KPF artwork in NYC
Kohn's watercolors have previously been displayed at the Guggenheim Museum in a show for the works of well-known architects.
| Jun 14, 2012
Gilbane names two new executive vice presidents
Dennis Cornick and Thomas Laird join Gilbane's executive team, expanding the company's leadership to drive business goals.
| Jun 14, 2012
Viscardi joins LEO A DALY as VP, corporate director of aviation programs
Viscardi will be responsible for providing the vision and strategy for growing the firm’s aviation practice, identifying and establishing new clients, as well as maintaining existing client relationships.
| Jun 14, 2012
Sustainability consultant’s keynote highlights the evolution of LEED green building in Spain
Sustainability planning, green building and water efficiency consultant, Jerry Yudelson keynoted the celebration of Spain’s first LEED Platinum Municipal Green Building.
| Jun 13, 2012
Thornton Tomasetti founding principals receive CTBUH Fazlur R. Khan Lifetime Achievement Medal
This is the first time the CTBUH Board of Trustees has awarded the prize to two individuals jointly.
| Jun 13, 2012
Free webinar on Designing and Building Green Schools scheduled for June 20
USGBC Center for Green Schools and other experts to present practical tips.
