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Construction + Economy

FMI: 2014 Construction Put In Place to End Strong

Craig DiLouie January 8, 2015

Total construction put in place (CPIP) for 2014 will be $62 billion greater than last year—a 7% increase, according to the latest report from FMI. CPIP should finish this year around $972 billion and is expected to top $1.04 trillion in 2015.

Commercial and manufacturing construction are two of the largest growth sectors, accounting for more than $111 billion in new construction.

Lodging has experienced the largest percentage increase for CPIP in 2014. It is expected to finish the year 24% up from 2013, building on last year’s 25% increase. This sector now accounts for nearly $17 billion in CPIP.

Click here to download a copy of the current Construction Outlook.

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Craig DiLouie
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Launched in 2001, LightNOW covers the rapidly changing lighting world for lighting people. Check-in daily to see new posts by Editor David Shiller, Craig DiLouie, and other experts in the lighting field including consultants and lighting designers. Posts include news items to keep you up to date, short opinion pieces to invite you to consider another point of view, new products every Monday, and links to new research and tools to help you design with light. Also be sure to subscribe to the LightNOW newsletter (free), which is published every two weeks as a digest of articles on the site. We always welcome your feedback, so feel free to comment on any of the stories that appear here at LightNOW. If you are a manufacturer, LightNOW offers a low-cost ad vehicle to reach thousands of specifiers, contractors, reps, distributors, consultants, owners, and other stakeholders in the sales channel. For advertising inquiries, contact Suelynn Shiller. Thank you for visiting, and we hope you find LightNOW useful for your career in lighting

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