General contractors and remodelers posted high scores. General contractors and remodelers posted a reading of 71, and design-build firms 67, in the third quarter of this year. Both scores dipped a bit from the second quarter, but again, that is to be expected with the shift in seasons.
The scores for general contractors and remodelers and design-build firms are pretty close to those of a year ago, indicating fairly stable demand on a year-over-year basis.
On a year-over-year basis, the score for the number of design-build firms’ new projects or orders dropped by three points. Despite that dip, scores for both design-build firms and general contractors and remodelers remain strong, in the mid- to high 60s and low 70s for both groups across all three components of the barometer.
See the complete report here.