Optimism in the U.S. construction industry has reached a record high, with builders forced to push off work because finding help is difficult due to the historic unemployment low.
The new Commercial Construction Index, compiled by the U.S. Chamber of Commerce and USG Corp., climbed to a record high in the third quarter, with 77% of commercial contractors optimistic about their future.
The index, provided to Secrets in advance of its release, also found that “half of all contractors” expect higher revenue and the expectations for bigger profits next year also surged.
“Contractors are thinking about the future and are optimistic about what’s ahead,” said Christopher Griffin, CEO of USG Corporation. “Continued levels of confidence around backlog and profit suggest nonresidential construction will continue to play an important role in overall sector growth,” he added.
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Low interest money (loans) is driving the economy.
ReplyDeleteThe Fed Bankers are truly the Masters of the Universe.
They have demonstrated the ability to maintain a bull market in terrible economic environment.
Truly unbelievable feats of financial creativity.
The future is bright because Trump was elected President and people's confidence is high. This phenomenon would certainly not be happening if hillary was our president. Four to eight more years of destructive ideals would have surely done this country in
ReplyDeleteJust give it to him. 2020.
ReplyDelete