Q3 2018 USG + U.S. Chamber of Commerce Commercial Construction Index
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 Q3 CCI is 75, suggesting an ongoing, strong commercial construction market.
This quarter’s findings reinforce growing contractor concerns about construction material price fluctuations, especially for steel, that emerged in Q2.
This quarter’s spotlight is on jobsite safety. Topics examined include the impact of workforce shortages on safety and strategies to address that issue; contractors’ concerns and strategies for handling substance use issues for workers onsite; and the competitive advantage gained from investing in safety programs.