The nonresidential construction sector continues at a steady pace, a slight decline notwithstanding, according to the FMI Nonresidential Construction Index Report (NRCI) for Q3 2015. The Index reflects the observations and sentiments of a sampling of construction industry executives nationwide.
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Nonresidential Construction Continues on Growth Path
The nonresidential construction sector continues to grow at a solid pace, reflecting 18 months of improving activity despite rising costs of construction materials and labor and a slight decline in regional economies where most construction activity is taking place, according to the FMI Nonresidential Construction Index Report (NRCI) for Q2 2015. The Index reflects the observations and sentiments of a…
Read MoreFMI Nonresidential Construction Index Rises
Nov. 21, 2014 – FMI’s Nonresidential Construction Index (NRCI) shows a slight increase from 62.5 in the third quarter to 62.8 in the fourth quarter of 2014. This is nearly 5.5 points ahead of fourth quarter 2013. An NRCI greater than 50 indicates improvement or expansion. There are many good reasons for optimism by NRCI survey respondents this quarter. The top-three are:…
Read MoreNonresidential Construction Index Sets Record High
According to FMI, the NRCI has once again inched higher into positive territory with a score of 65.8, a gain of just 0.9 points over last quarter’s results. That’s another record for the NRCI, but that gain might have been higher if the change in material and labor costs was not included as part of the Index score calculations.
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