Recent construction surveys have expressed a cautiously optimistic look at the industry’s prospects for the next year or so, but there appears to be a growing consensus that the seemingly unfettered growth that the industry has enjoyed during the last several years will soon slow.
For example, Engineering News-Record’s second-quarter “Construction Industry Confidence Survey” showed that, construction executives, while upbeat about the industry in the short-term despite challenging labor conditions and rising material prices, are guarded when making enthusiastic projections about the long-term.