2021 2Q Cost Report: Industry Execs Believe Recovery Is in Full Swing

Red arrow surging upward

Labor and materials challenges remain, but optimism is high.

August 4, 2021
Jonathan Keller - Engineering News-Record

The first six months of 2021 have seen big materials cost hikes, increasing labor shortages and uncertainty over federal action on a major infrastructure package. Despite the headwinds, ENR’s Construction Industry Confidence Index has surged up 17 points to a rating of 68—the highest single jump between quarters since the index was started in 2009. The previous record was 16 points between Q4 of 2011 and Q1 of 2012.

Reprinted courtesy of Jonathan Keller, Engineering News-Record

Mr. Keller may be contacted at kellerj@enr.com

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