High materials prices and skilled worker shortages are key factors coloring contractors’ expectations for the future, says the Associated Builders and Contractors in its latest confidence index.
Based on surveys of nonresidential contractors and calibrated on a 0-100 scale, the group’s June index shows declining confidence related to sales and staffing compared to both month earlier and one year earlier, although contractors overall still expect both to increase over the next six months, according to ABC.
