Labor productivity is the central economic engine that drives profitability for labor-intensive, self-performing contractors. FMI’s 2023 Labor Productivity Study found that contractors experienced approximately $30 billion to $40 billion in lost profits due to labor inefficiencies in 2022.

Women make up 11 percent of the construction workforce, meaning there is much to be done to bring more females into the industry and support their careers. Together, we can build a stronger workforce by making sure women in the industry feel connected, valued and empowered.

Being resilient means various things to different people, but at its core, it’s about being able to withstand or recover from adversity. And one thing is certain; the built environment experienced its share of challenging conditions in the past three years, making resiliency more important than ever.

Future Market Insights has released its market report for the Exterior Insulation and Finish Systems industry, according to Nikhil Kaitwade of Market Research Blog. The report includes predictions, trends and information about the EIFS market through 2033.

FMI Corp. released its quarterly construction services outlook, titled “2023 M&A Outlook for Construction Services.” The outlook includes the company’s research on current trends that could affect how 2023 will look for construction services.

The global home decor market is expected to increase at a strong CAGR throughout the evaluation period and reach a value of roughly U.S. $855,680 million in 2022. The home décor industry is expanding internationally as more people, particularly in poorer nations, own houses.

FMI Corp. released a new white paper, titled “The New Economy Versus the Old Economy: Winners and Losers in Tomorrow’s Built Environment.” The white paper includes the company’s research on how current industry and economic trends are expected to shape the broader built environment in the coming months and years.

Engineering and construction organizations that invest in developing future leaders and building their businesses with multiple paths to owner liquidity are positioning themselves for long-term success.