Related Links: ENR 2013 2Q Cost Report (full report, subscription-only) Engineering News-Record's Quarterly Cost Reports Construction Financial Management Association It has not been an easy five years for the construction industry. The recession of 2008 hit nearly every market sector and region in the country. Recovery has been slow. For years, forecasters have searched in vain for signs that the worst of the recession is in the rearview mirror.The most recent ENR Construction Industry Confidence Index survey may be that sign. It shows the industry believes the market has turned a corner and is beginning, in fits and starts, to
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.