Related Links: Romney Tops Obama In ENR Survey of Construction Executives ENR's 3rd Quarterly Cost Report, 2012 (subscription required) With the American presidential election less than two months away, the construction industry has taken a wait-and-see attitude about the markets. Many top construction executives believe the market will stay in a holding pattern until the election results come in and the new administration's spending and regulatory priorities and the direction of the economy become clear.The most recent ENR Construction Industry Confidence Index survey shows the industry's uncertainty. The second-quarter 2012 CICI fell six points from the first quarter to 50
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.