FIND A CONTRACTOR BUYER'S GUIDE
BECOME AN INDUSTRY PARTNER
MCAA Logo
MEMBER LOGIN JOIN
NEWS
World of Concrete 2026 Registration Is Open ↗

FMI releases Q4-2013 Construction Outlook report

Words: Sarah Al-mortajiFMI, a leading provider of management consulting and investment banking* to the engineering and construction industry, releases its Q4-2013 Construction Outlook. The forecast predicts 2013 to end with 7 percent growth for the construction industry as a whole. Final statistics for construction-put-In-place will be available April 2014.

Select market predictions include:
  • Residential — Forecasts show residential construction ending 2013 with 18 percent growth. Multifamily construction has been particularly strong in the past two years with growth of 48 percent in 2012 and 38 percent in 2013. With rents still high and household formations low, multifamily construction is expected to continue growing.
  • Power — After a booming return in 2012, power construction slowed to just 2 percent growth in 2013. However, the industry is expected to grow an additional 5 percent in 2014 to reach $101.4 billion.
  • Manufacturing — Growth in manufacturing construction will end around 4 percent for 2013. This upward trend will continue, reaching 6 percent or more starting in 2015.
  • Lodging — After several years of sharp decline during the recession, lodging construction continues its solid comeback in 2013, growing 18 percent. This sector is expected to grow another 10 percent in 2014. Improvement of existing properties will continue to be a focus for the industry.
  • Amusement and Recreation — The recent announcement of a $672 million stadium for the Atlanta Braves gives amusement and recreation construction a 2014 boost. Construction put in place for 2014 should reach $15.7 billion, with additional growth through 2017.
  • Transportation — Completed construction of transportation projects in 2013 is expected to end 12 percent above 2012 levels, with additional growth of 6 percent in 2014. The airline industry is expected to play a role in this growth. Airlines are now ordering a record number of new planes over the next decade.
To login and download a copy of the full report, click here.

* Investment banking services provided by FMI Capital Advisors, Inc., a registered broker-dealer and wholly owned subsidiary of FMI.
 0
Contractor Tip of the Month - Listen Before Leading: A Hard Lesson on Change
November 2025

I pride myself on being a forward thinker. My aim is always to do what’s best for my team because I’ve learned that the strength of any company rests on the people who build it. So, when we rolled out a new and improved travel policy a few weeks ago, I as

Damian Lang
Contractor Tip of the Month
Read More
Fechino Files: Welding in the Masonry Business
November 2025

Most of the equipment used in the masonry business is strong, durable, and made of metal. Okay, yes, you can argue that many mortar boards, truck seats, and water coolers are typically not made of metal, but you get the point. One thing I learned a long t

Steven Fechino
Fechino Files
Read More
Marvelous Masonry: Potala Palace
November 2025

Perched more than 12,000 feet above sea level on Red Mountain in Lhasa, Tibet, the Potala Palace stands as one of the world’s most remarkable masonry structures. Its enduring resilience not only represents an architectural achievement but also a living ca

Cass Stern
Marvelous Masonry
Read More
Outreach Outlook: Securing the Future Through the Inspire Awards
November 2025

As we move into November, I want to take a moment to highlight one of the most significant opportunities our industry has ever faced: the Truist Foundation Inspire Awards. The Masonry Foundation has been named a finalist, and on Tuesday, November 12th, we

Robert Melgaard
Outreach Outlook
Read More