Like death and taxes, a market downturn is inevitable. And for the industry, it is just a matter of when. While the current market continues to grow, industry execs increasingly are checking for signs that the market may be slowing.
The contrast between current conditions and future market expectations can be seen in the latest results of the ENR Construction Industry Confidence Index survey. The CICI fell one point to 58 in the second quarter of 2019, from 59 in the first quarter. Of the 238 executives from large construction and design firms responding to the survey, many believe the market is beginning to soften and may begin declining next year.