Construction Leadership Insights

Q1 2018 Healthy Construction Market Data

Healthy Construction Market Data
I recently read the Commercial Construction Index published by USC Corporation and the U.S. Chamber of commerce. Construction continues to trend positively.

Q1 2018 Backlog, New Business, Revenue/Profit Highlights:

  • 80% of contractors report steady or increasing backlogs
  • Average reported backlog: 8.9 months (Ideal backlog is 12.2 months)
  • 58% of contractors want to hire
  • 90% of contractors are at least moderately concerned about skill levels of the workforce
  • 62% of contractors report a high level of confidence that the market will provide sufficient business opportunities.
  • 54% of contractors expect to see their revenues increase
  • 39% expect an increase in profit margins

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