Construction Contractor Optimism Hits All-Time High
The Wells Fargo Construction Industry Forecast’s “Optimism Quotient” is at 130, the highest it’s ever been. A score of 100 is considered generally good, and anything below that figure raises concerns in the industry. The last time the Optimism Quotient was at this level was in 2005, when it reached 109.The Wells Fargo report also indicates that 60 percent of the contractors polled believe the greatest opportunity for growth comes from the improving national economy. Consumer confidence also played a part in the positive sentiments.
