The results of this quarter’s Construction Industry Confidence Index survey show a dip in confidence among construction industry executives.

While some worry about clouds on the horizon, it’s not evident in the heavy equipment market.

Executive compensation has been rising steadily since the pandemic, reaching a high-water mark in 2023. However, a cooldown in several market sectors could result in comp increases receding in the coming years.

For the first time since Q1 of 2022, construction industry executives report a stable and slightly growing market on ENR’s Construction Industry Confidence Index (CICI) survey.

The construction industry has seen some modest growth in the first quarter of 2024, but issues from the past several years are slow to recede.

Associated General Contractors latest outlook is more positive for this year across most building segments.

As the world continues its widespread vaccination effort, COVID-19 restrictions ease somewhat and the $1-trillion U.S. infrastructure spending package moves forward, forecasters express cautious optimism about the year to come. 

Report finds that construction would account for 48% of bill's new jobs from highway and transit increases.

Job losses in nonresidential segments outpaced gains in residential sector.

All construction sectors gain, but economists see material price spikes and other risk factors ahead.