Outlook on Commercial Construction Lifts on Rising Revenue Expectations

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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. In the first quarter of this year, 36% of contractors expect their revenue to increase over the next year, a jump of 11 percentage points from 25% in Q4 2020. Eighty-seven percent expect their revenue to either stay the same or increase, up from 86% last quarter. Most (86%) contractors also report a moderate … Read more

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NCCER Releases New Construction Superintendent Certification Program

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NCCER has released a new superintendent assessment and is partnering with FMI to offer a joint certification to qualified professionals in the superintendent field. The assessment was developed in conjunction with subject matter experts for professionals whose primary role is to oversee the operations of a construction site from planning to completion. This joint certification encompasses both the NCCER assessment, which recognizes the knowledge of these professionals, and the FMI Field Leadership Institute that provides hands-on interactive education and experiences. While the skilled worker shortage has gained much attention over the last few years, it is vitally important the industry … Read more

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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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