Workforce Challenges Continue to Impact Construction Industry as 9 of 10 U.S. Contractors Report Skilled Labor Shortage

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Findings from the recently released Q2 2018 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index show four straight quarters with more than 90 percent of contractors concerned over labor shortages. Concerns increased quarter-over-quarter, with 47 percent of respondents expecting problems finding skilled workers to worsen in the next six months. “Contractors’ pipelines for new business are consistently healthy, however, that optimism is challenged by a growing shortage of workers – a trend that’s persisted for more than a year,” said Jennifer Scanlon, president and CEO of USG Corporation. “In order to sustain the strong pipeline of work, it’s important … Read more

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U.S. Commercial Construction Index Finds High Optimism

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WASHINGTON, D.C. – Commercial construction is in high demand across the country 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 (‘Index’), released recently. 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, nearly the same percentage as in the Q2 2017 survey. Most contractors (93 percent) also expect to see profit margins stay the same or increase in the next 12 months, reflecting healthy … Read more

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