Dive summary:
- A survey of the chief financial officers of construction companies finds that their confidence in the business climate is as high as it has been in two years.
- The Construction Financial Management Association's "Confindex" for the first quarter came in at 129, and that is as high as it has been since the first quarter of 2011, with all four of its component indexes rising from the final quarter of last year.
- In fact, rather than worrying about financing, the CFOs expressed a real worry about finding enough labor to meet the demand they see coming, which seems to put them in the same position as home builders.
From the article:
The Overall Confidence Index rose 13.2% to 129, its highest level in two years (March 2011: 131) ...