{"id":39093,"date":"2017-07-11T10:07:57","date_gmt":"2017-07-11T14:07:57","guid":{"rendered":"https:\/\/www.constructionspecifier.com\/?p=39093"},"modified":"2017-07-17T10:21:33","modified_gmt":"2017-07-17T14:21:33","slug":"new-commercial-construction-index-reports-strong-growth","status":"publish","type":"post","link":"https:\/\/www.constructionspecifier.com\/new-commercial-construction-index-reports-strong-growth\/","title":{"rendered":"New commercial construction index reports strong growth"},"content":{"rendered":"
\"\"<\/a>
USG Corporation, the U.S. Chamber of Commerce, and Dodge Data & Analytics\u2019 new indicator, the Commercial Construction Index, reveals generally positive results throughout the industry.<\/span>
Photo \u00a9 BigStockPhoto<\/em><\/figcaption><\/figure>\n

Last month, the inaugural findings of a new Commercial Construction Index were reported, revealing the industry\u2019s generally optimistic outlook. Developed by the U.S. Chamber of Commerce<\/a>, USG Corporation<\/a>, and Dodge Data & Analytics<\/a>, the index uses the combined survey results of 2700 commercial contractors discussing backlog levels, new business opportunities, and revenue forecasts to generate a composite score ranging from 0 to 100.<\/p>\n

As this is the Index\u2019s very first quarter, data on previous quarters\u2014included in the report to offer context\u2014is extrapolated from research done during those quarters.<\/p>\n

The resource will serve to identify the industry\u2019s areas of strength and pinpoint areas of improvement. Some of these areas include the problem of construction employment\u2014although 66 percent of contractors surveyed said they expect to employ more workers in the next six months, 61 percent reported they were having trouble finding such skilled workers, with particular problems arising in the concrete, interior finishes\/millwork, masonry, electrical, and plumbing industries.<\/p>\n

Despite this, however, many of the Index\u2019s results were optimistic, with 96 percent of contractors stating they expect revenue growth or stability in the coming year. Another 40 percent reported an expected increase, with only three percent expressing concern about a decrease.<\/p>\n

\u201cThe commercial construction industry is a vital engine for the American economy,\u201d said Tom Donohue, president\/CEO of the U.S. Chamber of Commerce. \u201cThe projected growth uncovered in this research is good news for employers and workers, but there is reason for concern in the lack of qualified talent available in vital specialties. To get our economy growing to its full potential, we must ensure that we have a workforce that is ready to fill the available jobs. Each quarter, this first-of-its-kind research will make us smarter about future challenges and inform solutions for our country\u2019s leaders.\u201d<\/p>\n

Overall, the quarter\u2019s score on the index was 76 out of a possible 100\u2014a two-point increase from the first quarter of the year. Similarly, backlog levels increased by four points to 81 (at an average of 9.9 months of backlog, compared to the ideal 12 months), while new business and revenue both increased by two, scoring 77 and 71, respectively.<\/p>\n

The Index\u2019s full methodology can be viewed here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Last month, the inaugural findings of a new Commercial Construction Index were reported, revealing the industry\u2019s generally optimistic outlook.<\/p>\n","protected":false},"author":1836,"featured_media":39095,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1029],"tags":[1687,1337,3286,1478],"class_list":["post-39093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-commercial","tag-construction","tag-national","tag-survey","entry"],"acf":[],"yoast_head":"\nNew commercial construction index reports strong growth - The Construction Specifier<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.constructionspecifier.com\/new-commercial-construction-index-reports-strong-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New commercial construction index reports strong growth - The Construction Specifier\" \/>\n<meta property=\"og:description\" content=\"Last month, the inaugural findings of a new Commercial Construction Index were reported, revealing the industry\u2019s generally optimistic outlook.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.constructionspecifier.com\/new-commercial-construction-index-reports-strong-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"The Construction Specifier\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-11T14:07:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-07-17T14:21:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2017\/07\/2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"485\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Carly Midgley\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Carly Midgley\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/new-commercial-construction-index-reports-strong-growth\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/new-commercial-construction-index-reports-strong-growth\\\/\"},\"author\":{\"name\":\"Carly Midgley\",\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/#\\\/schema\\\/person\\\/b70033b703868965f86aed130f7abb00\"},\"headline\":\"New commercial construction index reports strong growth\",\"datePublished\":\"2017-07-11T14:07:57+00:00\",\"dateModified\":\"2017-07-17T14:21:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/new-commercial-construction-index-reports-strong-growth\\\/\"},\"wordCount\":405,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/new-commercial-construction-index-reports-strong-growth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.constructionspecifier.com\\\/wp-content\\\/uploads\\\/2017\\\/07\\\/2.jpg\",\"keywords\":[\"Commercial\",\"Construction\",\"national\",\"Survey\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.constructionspecifier.com\\\/new-commercial-construction-index-reports-strong-growth\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/new-commercial-construction-index-reports-strong-growth\\\/\",\"url\":\"https:\\\/\\\/www.constructionspecifier.com\\\/new-commercial-construction-index-reports-strong-growth\\\/\",\"name\":\"New commercial construction index reports strong growth - The Construction Specifier\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/new-commercial-construction-index-reports-strong-growth\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/new-commercial-construction-index-reports-strong-growth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.constructionspecifier.com\\\/wp-content\\\/uploads\\\/2017\\\/07\\\/2.jpg\",\"datePublished\":\"2017-07-11T14:07:57+00:00\",\"dateModified\":\"2017-07-17T14:21:33+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/new-commercial-construction-index-reports-strong-growth\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.constructionspecifier.com\\\/new-commercial-construction-index-reports-strong-growth\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/new-commercial-construction-index-reports-strong-growth\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.constructionspecifier.com\\\/wp-content\\\/uploads\\\/2017\\\/07\\\/2.jpg\",\"contentUrl\":\"https:\\\/\\\/www.constructionspecifier.com\\\/wp-content\\\/uploads\\\/2017\\\/07\\\/2.jpg\",\"width\":485,\"height\":300},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/new-commercial-construction-index-reports-strong-growth\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.constructionspecifier.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New commercial construction index reports strong growth\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/#website\",\"url\":\"https:\\\/\\\/www.constructionspecifier.com\\\/\",\"name\":\"The Construction Specifier\",\"description\":\"Solutions for the Construction Industry\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.constructionspecifier.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/#organization\",\"name\":\"The Construction Specifier\",\"url\":\"https:\\\/\\\/www.constructionspecifier.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.constructionspecifier.com\\\/wp-content\\\/uploads\\\/2017\\\/09\\\/CS_Logo_BW_LR.jpg\",\"contentUrl\":\"https:\\\/\\\/www.constructionspecifier.com\\\/wp-content\\\/uploads\\\/2017\\\/09\\\/CS_Logo_BW_LR.jpg\",\"width\":288,\"height\":70,\"caption\":\"The Construction Specifier\"},\"image\":{\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/#\\\/schema\\\/person\\\/b70033b703868965f86aed130f7abb00\",\"name\":\"Carly Midgley\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/caeacaadbc68534b642cae2b16df4c17877b086817be90e56a0bef7d0c37de94?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/caeacaadbc68534b642cae2b16df4c17877b086817be90e56a0bef7d0c37de94?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/caeacaadbc68534b642cae2b16df4c17877b086817be90e56a0bef7d0c37de94?s=96&d=mm&r=g\",\"caption\":\"Carly Midgley\"},\"url\":\"https:\\\/\\\/www.constructionspecifier.com\\\/author\\\/carly_midgley\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"New commercial construction index reports strong growth - The Construction Specifier","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.constructionspecifier.com\/new-commercial-construction-index-reports-strong-growth\/","og_locale":"en_US","og_type":"article","og_title":"New commercial construction index reports strong growth - The Construction Specifier","og_description":"Last month, the inaugural findings of a new Commercial Construction Index were reported, revealing the industry\u2019s generally optimistic outlook.","og_url":"https:\/\/www.constructionspecifier.com\/new-commercial-construction-index-reports-strong-growth\/","og_site_name":"The Construction Specifier","article_published_time":"2017-07-11T14:07:57+00:00","article_modified_time":"2017-07-17T14:21:33+00:00","og_image":[{"width":485,"height":300,"url":"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2017\/07\/2.jpg","type":"image\/jpeg"}],"author":"Carly Midgley","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Carly Midgley","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.constructionspecifier.com\/new-commercial-construction-index-reports-strong-growth\/#article","isPartOf":{"@id":"https:\/\/www.constructionspecifier.com\/new-commercial-construction-index-reports-strong-growth\/"},"author":{"name":"Carly Midgley","@id":"https:\/\/www.constructionspecifier.com\/#\/schema\/person\/b70033b703868965f86aed130f7abb00"},"headline":"New commercial construction index reports strong growth","datePublished":"2017-07-11T14:07:57+00:00","dateModified":"2017-07-17T14:21:33+00:00","mainEntityOfPage":{"@id":"https:\/\/www.constructionspecifier.com\/new-commercial-construction-index-reports-strong-growth\/"},"wordCount":405,"commentCount":0,"publisher":{"@id":"https:\/\/www.constructionspecifier.com\/#organization"},"image":{"@id":"https:\/\/www.constructionspecifier.com\/new-commercial-construction-index-reports-strong-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2017\/07\/2.jpg","keywords":["Commercial","Construction","national","Survey"],"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.constructionspecifier.com\/new-commercial-construction-index-reports-strong-growth\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.constructionspecifier.com\/new-commercial-construction-index-reports-strong-growth\/","url":"https:\/\/www.constructionspecifier.com\/new-commercial-construction-index-reports-strong-growth\/","name":"New commercial construction index reports strong growth - The Construction Specifier","isPartOf":{"@id":"https:\/\/www.constructionspecifier.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.constructionspecifier.com\/new-commercial-construction-index-reports-strong-growth\/#primaryimage"},"image":{"@id":"https:\/\/www.constructionspecifier.com\/new-commercial-construction-index-reports-strong-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2017\/07\/2.jpg","datePublished":"2017-07-11T14:07:57+00:00","dateModified":"2017-07-17T14:21:33+00:00","breadcrumb":{"@id":"https:\/\/www.constructionspecifier.com\/new-commercial-construction-index-reports-strong-growth\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.constructionspecifier.com\/new-commercial-construction-index-reports-strong-growth\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.constructionspecifier.com\/new-commercial-construction-index-reports-strong-growth\/#primaryimage","url":"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2017\/07\/2.jpg","contentUrl":"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2017\/07\/2.jpg","width":485,"height":300},{"@type":"BreadcrumbList","@id":"https:\/\/www.constructionspecifier.com\/new-commercial-construction-index-reports-strong-growth\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.constructionspecifier.com\/"},{"@type":"ListItem","position":2,"name":"New commercial construction index reports strong growth"}]},{"@type":"WebSite","@id":"https:\/\/www.constructionspecifier.com\/#website","url":"https:\/\/www.constructionspecifier.com\/","name":"The Construction Specifier","description":"Solutions for the Construction Industry","publisher":{"@id":"https:\/\/www.constructionspecifier.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.constructionspecifier.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.constructionspecifier.com\/#organization","name":"The Construction Specifier","url":"https:\/\/www.constructionspecifier.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.constructionspecifier.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2017\/09\/CS_Logo_BW_LR.jpg","contentUrl":"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2017\/09\/CS_Logo_BW_LR.jpg","width":288,"height":70,"caption":"The Construction Specifier"},"image":{"@id":"https:\/\/www.constructionspecifier.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.constructionspecifier.com\/#\/schema\/person\/b70033b703868965f86aed130f7abb00","name":"Carly Midgley","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/caeacaadbc68534b642cae2b16df4c17877b086817be90e56a0bef7d0c37de94?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/caeacaadbc68534b642cae2b16df4c17877b086817be90e56a0bef7d0c37de94?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/caeacaadbc68534b642cae2b16df4c17877b086817be90e56a0bef7d0c37de94?s=96&d=mm&r=g","caption":"Carly Midgley"},"url":"https:\/\/www.constructionspecifier.com\/author\/carly_midgley\/"}]}},"views":5460,"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.constructionspecifier.com\/wp-json-v2\/wp\/v2\/posts\/39093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.constructionspecifier.com\/wp-json-v2\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.constructionspecifier.com\/wp-json-v2\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.constructionspecifier.com\/wp-json-v2\/wp\/v2\/users\/1836"}],"replies":[{"embeddable":true,"href":"https:\/\/www.constructionspecifier.com\/wp-json-v2\/wp\/v2\/comments?post=39093"}],"version-history":[{"count":2,"href":"https:\/\/www.constructionspecifier.com\/wp-json-v2\/wp\/v2\/posts\/39093\/revisions"}],"predecessor-version":[{"id":39097,"href":"https:\/\/www.constructionspecifier.com\/wp-json-v2\/wp\/v2\/posts\/39093\/revisions\/39097"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.constructionspecifier.com\/wp-json-v2\/wp\/v2\/media\/39095"}],"wp:attachment":[{"href":"https:\/\/www.constructionspecifier.com\/wp-json-v2\/wp\/v2\/media?parent=39093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.constructionspecifier.com\/wp-json-v2\/wp\/v2\/categories?post=39093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.constructionspecifier.com\/wp-json-v2\/wp\/v2\/tags?post=39093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}