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 derivedâ€”backlog levels, new business opportunities and revenue forecastsâ€”and additional market drivers such as workforce, financing, and materials and equipment trends. The Index also features a quarterly spotlight on revolving construction industry topics
- The Index number is 66, up 1 from Q2 2021
- Almost all (93%) of contractors ae experiencing shortages of at least one product, with steel shortages most widely reported.
- The lack of availability of building products/materials is also now the top impact of the pandemic on commercial contractors, far more frequently selected than its impact on growing worker shortages.