Procore Construction Health Indicator: Construction Trends Remain Favorable

Construction industry trends remained upbeat in April as many construction companies reported near-record backlogs. However, expanding profitability may be more challenging going forward with nonresidential construction spending remaining flat, the labor shortage and rising construction materials prices.

However, a positive U.S. economic outlook paired with backlog increases implies many construction contractors will remain busy through 2017 and hopefully beyond.

The Procore National Construction Industry Health Indicator currently stands just over 80 on a scale from 60 to 100.

(more on the recap of April's construction industry health indicator...)