Related Links: See who else is moving up, or moving on, in the AEC sector Link to FMI First Quarter 2014 Construction Outlook FMI First Quarter Outlook Sees Signs of New LifeIn its first quarter 2014 outlook, industry consultant FMI predicts commercial construction will rise 7% to $52.6 billion—its highest mark since 2008—buoyed by rising consumer spending and non-store sales. But FMI cautions that "contractor pricing will continue to be a challenge." The office building market is "finally getting some traction," says FMI, with "fundamentals slowly improving." It sees 6% annual growth by 2017. Residential work will grow but at
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.