The construction market has been growing steadily for the past few years. Many industry executives are predicting a slowdown in this growth, however. Some execs see this potential slowdown as a natural part of the construction cycle. But for many, there is a wait-and-see attitude pending the results of November’s presidential election.
The ENR Construction Industry Confidence Index for the third quarter shows that, of the 245 executives of large construction and design firms responding to the survey, most believe market growth will begin to level off in 2017. The CICI index was 58 on a scale of 100, down four points from the second quarter.