About Amerisurv| Contact    
Magazine | Newsletter    
Flickr Photos | Advertise    
HomeNewsNewsletterAmerisurv DirectoryJobsStoreAuthorsHistoryArchivesBlogVideosEvents
Register to receive the Amerisurv Newsletter | Also See Our LiDAR News Newsletter | RSS Feed  
advertisement


Subscriptions
Sponsored By

Software Reviews
Continuing Series
     RTN
An RTN expert provides everything you need to know about network-corrected real-time GNSS observations.
Click Here to begin the series,
or view the Article PDF's Here
76-PageFlip Compilation
of the entire series
Test Yourself

Got Answers?
Test your knowledge with NCEES-level questions.
  Start HERE
Meet the Authors
Check out our fine lineup of writers. Each an expert in his or her field.
Wow Factor
Sponsored By


Product Reviews
Partner Sites

machinecontrolonline 


lbszone.com

GISuser.com

GeoJobs.biz

GeoLearn

 

Spatial Media LLC properties

Associates

ASPRS

newsnow 

  The American Surveyor     

Contractor Confidence Dips in First Half of 2016 Print E-mail
Written by Associated Builders and Contractors   
Thursday, 13 October 2016

Washington, D.C., Oct. 13–The average contractor is less confident regarding business prospects for the next six months, but the nonresidential construction recovery is anticipated to remain in place, according to the Associated Builders and Contractors (ABC) Construction Confidence Index (CCI) released today. The diffusion index measures forward-looking construction industry expectations in sales, profit margins and staffing levels, with readings above 50 indicating growth.

According to the most recent survey, during the first half of 2016:
• Sales expectations fell from 67.0 to 64.1;
• Profit margin expectations fell from 62.8 to 61.1; and
• Staffing level intentions rose from 63.9 to 64.9.

Although two indices fell, all three indices remain well above the threshold for growth. This is of particular importance since construction is one of the few significant drivers of economic growth aside from ongoing increases in consumer outlays.

“The nation continues to add jobs at satisfactory levels, private capital remains abundant, average hourly earnings growth is accelerating, consumer spending is expanding and a federal highway bill was passed late last year. All of these factors suggest that the nonresidential construction spending recovery is poised to continue,” stated ABC Chief Economist Anirban Basu. “Still, there is a growing list of worries with which construction executives must contend, and undoubtedly, this has served to diminish confidence across several dimensions.

“There remains of course a near-constant worry about skilled labor shortages, which have predictably worsened as the duration of the recovery has lengthened,” said Basu. “The multifamily residential building boom has also rendered it more challenging for nonresidential contractors to secure available workers and subcontractors, leading to rising construction costs. In many instances, purchasers of construction services continue to behave as if the buyers’ market for construction services remains in place. This has helped to produce flatter margins, with construction firm revenues unable to keep up with rising compensation costs. After two years of decline, materials prices also represent a growing inflationary risk to construction firms.

“Undoubtedly, some observers will suggest that the 2016 election cycle has also served to suppress confidence among construction executives,” said Basu. “While some executives may be leery of the election cycle’s impact, construction firm operators are concerned about other geopolitical issues, including record levels of indebtedness worldwide and negative interest rates in much of the advanced world. Despite these myriad risks to the longer term nonresidential construction outlook, the near-term outlook remains benign.”

About ABC
Associated Builders and Contractors (ABC) is a national construction industry trade association established in 1950 that represents nearly 21,000 members. Founded on the merit shop philosophy, ABC and its 70 chapters help members develop people, win work and deliver that work safely, ethically and profitably for the betterment of the communities in which ABC and its members work. Visit us at abc.org.

 
< Prev   Next >

deliciousrssnewsletterlinkedinfacebooktwitter

Amerisurv Exclusive Online-only Article ticker
Featured Amerisurv Events
List Your Event Here
please
contact Amerisurv


Google
 
AMERISURV TOP NEWS

Trimble Intros
TSC7 Controller

GOT NEWS? Send To
press [at] amerisurv.com
Online Internet Content

Sponsor


News Feeds

 
Subscribe to Amerisurv news & updates via RSS or get our Feedburn
xml feed

Need Help? See this RSS Tutorial

Historic Maps
Careers

post a job
Reach our audience of Professional land surveyors and Geo-Technology professionals with your GeoJobs career ad. Feel free to contact us if you need additional information.

 

Social Bookmarks

Amerisurv on Facebook 

Amerisurv LinkedIn Group 

Amerisurv Flickr Photos 

Amerisurv videos on YouTube 

twitter

 




The American Surveyor © All rights reserved / Privacy Statement
Spatial Media LLC
7820B Wormans Mill Road, #236
Frederick MD 21701
301-620-0784
301-695-1538 - fax