Nonresidential construction rose 1.7 index points in the second quarter, reaching it highest confidence rating since 2007, reports FMI, a Raleigh, N.C.-based industry consultancy firm. Although backlogs remain about the same at a median of eight months, all markets, with the exception of education construction, are expected to improve slightly over the next quarter. Productivity has also shown improvement, though labor and material costs have also increased. For the full report, CLICK HERE.Construction Confidence Reaches Record High
Nonresidential construction rose 1.7 index points in the second quarter, reaching it highest confidence rating since 2007, reports FMI, a Raleigh, N.C.-based industry consultancy firm. Although backlogs remain about the same at a median of eight months, all markets, with the exception of education construction, are expected to improve slightly over the next quarter. Productivity has also shown improvement, though labor and material costs have also increased. For the full report, CLICK HERE.
