The Commercial Construction Index (CCI) rose slightly from Q2 to Q3, with growing construction demand, and contractors expressing confidence in their ability to obtain new business and maintain improved project backlogs. Still, workforce concerns linger as industry players face increased difficulties finding skilled workers, and supply chains continue to adapt and recover from the impact of the pandemic. 93% of contractors are experiencing at least one building product or material shortage, and cost and availability of materials remains one of the biggest concerns.
During Q3, we continued to see signs of a steady recovery and positive demand trajectory. Bid activity and project releases have continued to reflect an increased demand for high-end façades and complex jumbo glass applications, and we expect this trend to continue into winter and early 2022.