Construction industry executives report little change in sentiment between Q2 and Q3. ENR’s Confidence Index rose one point to a still slightly pessimistic 48 rating this quarter.
As uncertainty continues to plague the economy as a whole, industry experts note the effects on construction trends as materials prices, labor woes and other concerns cause turmoil.
Contractors report a shift in market momentum, with survey data showing signs of pressure in some sectors even as confidence holds above growth thresholds.
A seemingly ever-changing landscape of potentially higher tariffs, labor shortages, increased material costs and elevated interest rates are among the factors that may have contributed to the decreased revenue that firms in the 2025 ENR Midwest Top Specialty Contractors ranking reported for 2024.
Increase in job openings can be attributed immigration policy changes, while economic uncertainty may have brought the number of workers quitting jobs to a longtime low.