Evaluate how broader economic trends, market conditions, interest rates, and the housing industry’s health affect contractors’ operations and strategic decision-making.
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Quarterly Contractor Business Sentiment Trackers
The construction industry is continually shaped by a variety of factors that influence contractors’ operations and strategic decision-making. The HIRI Quarterly Contractor Business Sentiment Tracker study seeks to evaluate the impact of broader economic trends, market conditions, interest rates, and the overall health of the housing industry on contractors’ businesses and more…
Objectives
Understand the types of projects contractors are engaged in along with the evolution of these engagements over time.
Explore labor shortages, material availability issues, and the adoption of new technologies, assessing their impact on efficiency, productivity, and project timelines.
Investigate the challenges faced during different project phases (bidding, execution, completion) and assess contractors’ satisfaction levels with key stakeholders (homeowners, manufacturers, suppliers.
Determine contractors’ current project backlog, anticipated future workload, and emerging project trends.
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