Commercial Construction Contractors Upbeat on Outlook Despite Worsening Material Shortages, Worker Shortages

Contractors continue to face a shortage of building materials like lumber and steel, while cost fluctuations for the building products are having increasing impact on business, according to second quarter data from the U.S. Chamber of Commerce Commercial Construction (Index). This quarter, 84% of contractors are facing at least one material shortage. Almost half (46%) of contractors say less availability of building products has been a top concern lately, up from 33% who said the same last quarter. Despite the materials challenges, the overall Index score rose three points to 65 (its highest reading since a score of 74 in … Read more

Filed under: Economic NewsTagged with: , ,