Commercial Construction Index: Expectations down, backlogs steady

The Q2 2020 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index dropped to 56 from a Q1 level of 74, reflecting lower contractor confidence in three indicators—new business, revenue expectations and project backlog volume—expressed during surveys conducted at the height of shutdown restrictions. The overall Index drop stems in part from the fact that very few contractors (16 percent) express high confidence in the market’s ability to provide new business opportunities in the next 12 months (down from 54 percent in Q1), coupled with a 30 percentage point drop in those expecting revenue increases (17 percent in Q2 versus 47 percent in Q1). Meanwhile, the percentage expecting to see their revenues decrease in the next 12 months spiked from 2 percent in Q1 to 21 percent in Q2.

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Prefabricated elements top commercial contractors’ productivity catalysts

Sources: USG Corp., Chicago; U.S. Chamber of Commerce, Washington, D.C.

Ninety percent of contractors surveyed for the USG + U.S. Chamber Q4 2017 Commercial Construction Index do not consider jobsites to be very efficient. Respondents identify labor productivity as the means to achieving jobsite efficiency, a metric they acknowledge can be improved by using more prefabricated building elements.

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Commercial Construction Index reveals sustained contractor optimism

Commercial construction is in high demand across the U.S. and contractors remain optimistic about the current and forward-looking health of the sector, according to the Q3 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index. Nearly all contractors surveyed (95 percent) expect revenues to grow or remain stable over the next 12 months compared to the prior 12 months, consistent with Q2 2017 survey responses.

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Contractor optimism abounds in Commercial Construction Index

Source: U.S. Chamber of Commerce, Washington, D.C.

Commercial construction is in high demand across the U.S. and contractors remain optimistic about the current and forward-looking health of the sector, according to the Q3 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index. Nearly all contractors surveyed this summer (95 percent) expect revenues to grow or remain stable over the next 12 months compared to the prior 12 months, continuing Q2 2017 survey sentiments.

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Inaugural Commercial Construction Index highlights sector strength

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Commercial construction is in high demand across the country and contractors are confident in the industry trajectory, according to the USG + U.S. Chamber of Commerce Commercial Construction Index, which premiered last month and is based on research from Dodge Data & Analytics in New York. Nearly all contractors surveyed expect revenues from commercial and institutional work to grow or remain stable this year compared to 2016, with 40 percent expecting an increase and only 3 percent expecting a decrease in volume.

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Inaugural ‘Commercial Construction Index’ highlights healthy sector

Source: Dodge Data & Analytics, New York

Commercial construction is in high demand across the country and contractors are confident in the industry trajectory, according to the quarterly USG + U.S. Chamber of Commerce Commercial Construction Index, which premiered this week and is based on Dodge Data & Analytics research.

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