Washington, D.C. -- The Q1 2018 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index (Index), recently revealed nearly two-thirds of contractors are highly confident that demand for commercial construction will increase over the next year. However, continued concerns around labor shortages have put even greater pressure on the industry. To increase jobsite efficiency and improve labor productivity, increasingly more builders are turning to alternative construction solutions, like prefabrication and modularization.
The Q1 Index indicates contractors turn to innovations such as prefabricated and modular building materials to create more efficient jobsites (89%), increase labor productivity (85%), drive cost savings (58%), and provide a competitive advantage in the marketplace (51%). In fact, 50% of contractors report their companies already use prefabricated and modular components and the number was even higher among general contractors (72%). Nearly two-thirds (63%) of contractors report at least moderate demand for these building materials.