Your source for construction industry news in the Carolinas
The Q2 2020 USG Corporation + U.S. Chamber of CommerceCommercial Construction Index (Index) released today plunged from 74 in Q1 to 56 in Q2. Two of the index’s three main indicators—confidence in new business and revenue expectations—both fell 26 points, to 50 and 44, respectively, revealing the severe impact of the coronavirus pandemic on the…
The Marcum Commercial Construction Index for the first quarter of 2020 reports an industry suffering the adverse effects of COVID-19. Construction employment fell by nearly one million jobs from March to April 2020, a decrease of 12.8 percent. The industry’s unemployment rate increased from 6.9 percent in March to 16.6 percent in April, the highest level since…
The USG + U.S. Chamber of Commerce Commercial Construction Index (CCI) is a quarterly economic index designed to gauge the outlook for, and resulting confidence in, the commercial construction industry. Results from the Q2 2019 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index(Index) indicate that more than half of contractors are highly confident that…
The Q3 2018 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index (Index) released recently indicates skilled labor shortages will have the greatest impact on commercial construction businesses over the next three years. The report revealed 88 percent of contractors expect to feel at least a moderate impact from the workforce shortages in the…
