The seeming boundless optimism of the construction industry has been sorely tested over the past two and a half years. The market recession that hit nearly every market in every region of the U.S. has cast a pall over the industry, which has seen projects and opportunities dry up, firms large and small fall by the wayside and unemployment rates in the trades of over 20%. The mantra for recovery has been "Wait till next year."rnBut amid this gloom, a new sense of hope is beginning to appear in the industry, according to the most recent ENR Construction Industry Confidence Index survey.
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