Survey Shows Uptick in Outlook and Optimism Among Construction Leaders

More than half of respondents to the Marcum National Construction Survey expect increased opportunities in their regions in the next three years. A recently released study shows a marked uptick in construction leaders’ optimism and outlook compared to the same study conducted the previous year during the heart of the coronavirus crisis. The second annual Marcum National Construction Survey, conducted in Spring 2021, saw growing optimism among respondents as the economic outlook continued to improve and prospects for long-term growth increased. The second annual survey, conducted by Marcum LLP, covers a range of topics, from top priorities to problems, strategies, possible solutions and the effects of the pandemic. Results showed a marked increase in confidence among industry leaders as the impacts of the pandemic in the U.S. showed signs of receding. While construction executives responding to the survey stated backlogs remained below pre-pandemic levels, 29% said they were higher at the start of 2021 than in the same period in 2020. In addition, nearly a third (32%) noted the average size job they bid on in the prior 12 months had increased. Optimism for future construction activity was also relatively strong, with more than half (54%) of respondents expecting increased opportunities in their regions in the next three years and 43% foreseeing more opportunities outside their regions. READ FULL ARTICLE>>