The Commercial Construction Index (CCI) is a quarterly economic indicator designed to gauge what drives the commercial construction industry and its leaders, based on research conducted with contractors. Topics covered include the three factors from which the Index is derived—backlog levels, new business opportunities and revenue forecasts—and additional market drivers such as workforce, financing, and materials and equipment trends. The Index also features a quarterly spotlight on revolving construction industry topics.
- The Q1 CCI is 74, an increase of 3 points from the previous quarter.
- After the decline of all of the key drivers of confidence in Q4 2019, the latest quarter suggests a more stable market. Backlog remains consistent with the previous quarter, while confidence and revenue both increase four points.
- This Q1 report features one spotlight topic on the potential for prefabrication and modular construction to disrupt the construction industry.