FMI’s 2011 U.S. Markets Construction Overview
Senior managements need to be looking beyond the current turmoil and toward what their companies will look like coming out of the down cycle.
FMI, a provider of management consulting and investment banking to the engineering and construction industry, announces the release of its 2011 U.S. Markets Construction Overview, offering insight into some of the engineering and construction industry’s most complex business challenges.
This year’s Overview consists of three major pieces: a compilation of trends in the current environment, important issues facing nine client groups served by FMI and the fourth quarter 2010 economic forecast.
A few highlights include:
- Nonresidential building construction has experienced a steep decline, which will extend well into 2011.
- Many trade contractors will shift to new market sectors to bolster weak backlogs.
- Lodging, office and commercial are overbuilt.
- Population growth is driving demand for healthcare, education and public safety sectors.
- More competition for fewer private jobs is increasing bidders on public projects.
- Sustainable or green construction will drive demand for LEED-certified buildings.
- Labor-intensive contractors hired heavily during the boom are now experiencing painful downsizing.
- Innovation is driving efficiencies in prefabrication, standardization and supplier integration.
- As the baby boomers age out, many firms will face succession and transition challenges.
- Industry consolidation will create attractive acquisition opportunities.
FMI publishes the U.S. Markets Construction Overview annually. The Overview includes a comprehensive report on vital construction trends and forecasts the growth or decline in each market segment, noting both short-term and long-term considerations.
- Edited by Gust Gianos, CFE Media, Consulting-Specifying Engineer, www.csemag.com
- Related News:
FMI's third quarter construction report - 06.10.2011 09:38- Nonresidential construction drops in Q3 - 19.08.2011 14:10
- More M&A activity for energy and carbon management companies - 30.03.2011 14:40
- U.S. construction spending falls on slump in commercial projects - 04.03.2011 11:09
- Construction Index trending up for First Quarter of 2011 - 03.03.2011 12:28
- 12 New Year’s resolutions for engineers - 01.12.2010 12:00
- MEP Giants 2010 - 18.10.2010 17:02
- Slow recovery slated - 17.10.2010 16:05
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