Construction execs positive on short-term growth despite rising material prices, labor shortage

Engineering News-Record’s second-quarter Construction Industry Confidence survey has revealed that construction executives are positive about the industry’s short-term prospects despite the persistent labor shortage and increasing material prices but are more cautious when it comes to the long-term. The index’s second-quarter reading fell three points to 70, but a mark of 50 or higher still indicates market growth. Of the 301 construction and design executives who participated in the survey, the majority responded that the industry will continue its growth pattern into 2019.

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Source: Construction Dive