According to FMI’s Q4 Construction Outlook, total construction put in place (CPIP) for 2014 will be $62 billion greater than last year, which is a 7 percent increase. The outlook also reports that CPIP should finish around $972 billion this year and is expected to top $1.04 trillion in 2015.
The report states that commercial and manufacturing construction are two of the largest growth sectors, accounting for more than $111 billion in new construction. In addition, it says that lodging has experienced the largest percentage increase for CPIP in 2014, accounting for nearly $17 billion in CPIP.
