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  • Home
  • MEMBERSHIP
    • Our Members
    • Member Benefits
    • Membership Dues
    • Apply for Membership
    • Member Spotlight Form
    • Member Directory
  • MEMBER TOOLS
    • Hiring With Career Plug
    • Job Board
    • Steel Pros Training Portal
    • Craft Training & Apprenticeship
    • Worker's Comp Insurance
  • EVENTS & AWARDS
    • Upcoming Events
    • SEAA Convention & Trade Show
    • Trade Show Exhibitor Info
    • GOLF TOURNAMENTS >
      • Dave Schulz Memorial Golf Tournament
      • George Pocock Memorial Golf Tournament
    • Career Fair
    • Meetings
    • Webinar Registration
    • Awards >
      • Project of the Year
      • Craft Training Award Submission
      • Safety Excellence Award Submission
      • William Davis Service Award
      • Person of the Year
      • Past Winners
  • NEWS
    • Industry & Safety Info
    • Publications
    • Connector Archives
    • Webinar Archives
    • Photo Gallery
    • Subscribe
  • RESOURCES
    • Safety Stand-Down
    • Steel Day
    • Hard Hat Sticker Contest
    • Downloads
    • Industry Links
    • MEMBER DIRECTORY
  • ABOUT SEAA
    • Steel Strong!
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Construction Contractor Confidence Robust to Start 2020, Says ABC

4/9/2020

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Confidence among U.S. construction industry leaders generally improved in January, consistent with the burgeoning momentum of the U.S. economy during the early weeks of 2020, according to the Associated Builders and Contractors Construction Confidence Index released last week. While the reading for sales expectations edged lower for the month, confidence pertaining to sales, profit margins and staffing levels remain well above the threshold of 50, signaling expected growth in those three metrics.
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As of January 2020, nearly 72% of contractors expected to expand their staffing levels over the next six months, while more than 68% expect their sales levels to increase. Approximately 51% expect their profit margins to increase, a reflection of skills shortages that have driven costs higher and stunted profit margin growth among many contractors. That said, fewer than 10% of contractors expected profit margin declines over the next two quarters.  Click here to read the entire article.
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Steel Erectors Association of America 
353 Jonestown Rd
Suite 207
Winston-Salem,  NC 27104
Phone: (336) 294-8880
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