U.S. Chamber of Commerce Commercial Construction Index Points Upward for Q2 2021

    The Commercial Construction Index (CCI) is a quarterly economic indicator designed to gauge what drives the commercial construction industry and its leaders, based on research conducted with contractors. Topics covered include the three factors from which the Index is derived—backlog levels, new business opportunities and revenue forecasts—as well as additional market drivers such as workforce, financing, and materials and equipment trends. The Index also features a quarterly spotlight on revolving construction industry topics. Highlights from Q2 2021 include the following:

    • The Index number is 65, up 3 from Q1 2021, but it remains below pre-pandemic levels.
    • Concern about steel and aluminum tariffs jumped 10 points from the previous quarter, and product shortages continue to plague the industry.
    • 72% of contractors continue to experience project delays from COVID 19, but within three months, they only expect it to impact 11% of their projects.