Contractors and equipment distributors continue to show optimism about an increase in local construction activity in 2016. After reaching an all-time high in 2015, the industry Optimism Quotient this year remains very positive at 108, though lower than last year’s record result. Any result in excess of 100 is considered highly positive. When comparing to the 20-year horizon, 2016 could shape up to be a very strong year for the construction industry. Contractors and equipment distributors reported that they expect consistent construction activity in 2016 compared to 2015.
Also found in the in-depth report are insights from hundreds of construction contractors and equipment distributors about these topics and more:
- Equipment acquisition intentions (new and used) for 2016
- Equipment rental trends and expectations in the rental market
- Key opportunities and risks to the industry
- Strategies for attracting and retaining skilled workers
- Cost categories that are of greatest concern
