NAHB CEO Jerry Howard discusses the mass exodus from cities, creating high demand in the housing market and regulations that slow down the construction of houses.
US business leaders hope to cut fewer jobs and a growing number plan to dramatically increase employee wages in the coming months as confidence in the economic outlook increases amid the launch of the COVID-19 vaccines, a survey released on Thursday showed.
The Conference Board’s “CEO confidence measure” showed that chief executives were more confident than they had been since 2004.
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He also indicated that 36% of CEOs planned salary increases for their employees of more than 3% in the next 12 months, down from 22% in the previous survey in September. And only 12% expect to cut jobs next year, down from the previous 34%.
The survey, conducted between January 14 and 29, also found that 45% of CEOs expect to increase capital spending, up from 25% in September, and 47% plan to expand their workforce, up from 33%.
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In addition, 82% of CEOs expected economic conditions to improve in the next six months, down from 63% in the previous survey. Those who expected conditions to worsen cut from 15% to 7%.