strong outlook seen in previous quarters.
The availability, skill level and cost of skilled workers continue to be the most important concerns among respondents. However, most contractors expect to employ more workers in the next 6 months, and believe they will see revenue and profit margins increase or hold steady over the next year. A strong outlook for new business, coupled with an expected increase in spending on tools and equipment, is another sign of optimism.
In general, construction industry firms are well-placed to continue to benefit from the positive growth in the industry, particularly in the single-family housing sector and likely in public works, as well, depending on the final shape of the anticipated federal infrastructure package.