New Findings from FMI Forecast $1T in CPIP by 2014

North Carolina-based ""FMI"":http://www.fminet.com/ has released the results of its 2013 U.S. Markets Construction Overview, and the company is heralding more than $1 trillion in construction-put-in-place (CPIP) by 2014.

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Noting near-term projections, FMI stated that CPIP is anticipated to hit $826 to $884 billion to end 2012, with the

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growth rate remaining ""slightly ahead"" of gross domestic product (GDP) growth rates in 2013.

Other significant findings from FMI's report included predicted improvement in residential CPIP that will push growth back into the double digits in 2013, as well as a $100 billion-plus forecast for power CPIP during the year. However, FMI went on to add that in 2013, ""commercial buildings, offices, manufacturing facilities, communications systems and lodging CPIP are expected to continue to underperform at an average of 60 percent of 2008 levels ... By 2016 these sectors are predicted to only reach 70 percent of 2008 CPIP.""

Additionally, FMI stated that ""excitement over the double-digit growth in residential construction is also balanced with the disappointment that by 2016 residential CPIP will still only be at 65 percent the record high in 2006.""

Concluding its report, FMI commented on activity among private equity investors, calling for ""increased attraction to smaller deals."" FMI's findings indicate that around 50 percent of deals in 2012 are valued under $50 million.