• Nonresidential Construction Index Reaches Record High

    FMI has released the 2014 First Quarter Nonresidential Construction Index report.
    March 12, 2014

    FMI has released the 2014 First Quarter Nonresidential Construction Index report. The NRCI shows a 7.5 point increase since the 2013 fourth quarter report, as well as a 6.8 point increase from Q1 2013. This is the highest NRCI score to date.

    The increase in score comes from an optimistic view of a rising economy, as nearly half of the participants expect construction to grow up to 5% in 2014. With the increase in growth, executives are eagerly searching for talented individuals to assist and manage industry projects. Panelists with a more moderate view of the growth potential cite some additional challenges in 2014:

    1. Hiring talented people
    2. Finding profitable work
    3. Uncertainty in the direction of the government, especially regarding decisions directly affecting the economy
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