The recession that everyone hoped would end quickly has now lasted for two years, transforming the initial fear and concern in the construction industry to grit and determination to hold on until better times. While no one sees the current market as ready to take off, major firms are beginning to think that the market may soon hit bottom and begin slowly to pull itself back from the brink in 2011.
The ENR Construction Industry Confidence Index (CICI) for the second quarter of 2010 shows that 555 executives from major construction and design firms believe that, while the market continues to flounder, next year it will be on the rise.