Chamber construction survey finds favorable commercial market prospects

Source: U.S. Chamber of Commerce, Washington, D.C. Data from the first quarter U.S. Chamber of Commerce Commercial Construction Index reveals contractors are growing more optimistic, mostly driven by a rise in revenue expectations. They also have better outlooks on hiring and equipment spending plans as business concerns related to the coronavirus pandemic lessen.

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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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AGENCY RULES TAX STATE COFFERS, UNDERMINE FUNDAMENTAL RELATIONSHIPS

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