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Nonresidential construction spending ticks up slightly following February decline

An analysis of U.S. Census Bureau data from the Associated Builders and Contractors (ABC) has shown nonresidential construction spending to have increased moderately by 0.2% in March. It follows Februarys decline of 1.0%. On a seasonally adjusted annualized basis, nonresidential spending now...
Anirban Basu Us Census Bureau Associated Builders Economist Anirban Basu Backlog Indicator

The average U.S. contractor has 8.4 months worth of construction work in the pipeline, as of January 2024

Associated Builders and Contractors reported today that its Construction Backlog Indicator declined to 8.4 months in January, according to an ABC member survey conducted from Jan. 22 to Feb. 4. The reading is down 0.6 months from January 2023.
Anirban Basu Associated Builders Construction Backlog Indicator Confidence Index Economist Anirban Backlog Indicator

The average U.S. contractor has 8.5 months worth of construction work in the pipeline, as of November 2023

Associated Builders and Contractors reported today that its Construction Backlog Indicator inched up to 8.5 months in November from 8.4 months in October, according to an ABC member survey conducted Nov. 20 to Dec. 4. The reading is down 0.7 months from November 2022.
Anirban Basu Federal Reserve Associated Builders Construction Backlog Indicator Backlog Indicator Construction Confidence Index

The average U.S. contractor has 8.4 months worth of construction work in the pipeline, as of September 2023

Associated Builders and Contractors reported that its Construction Backlog Indicator declined to 8.4 months in October from 9.0 months in September, according to an ABC member survey conducted from Oct. 19 to Nov. 2. The reading is down 0.4 months from October 2022. Backlog now stands at its lowest level since the first quarter of 2022.
Anirban Basu Associated Builders Construction Backlog Indicator Confidence Index Economist Anirban Backlog Indicator

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The average U.S. contractor has 9.2 months worth of construction work in the pipeline, as of August 2023

Associated Builders and Contractors' Construction Backlog Indicator declined to 9.2 months in August, down 0.1 month, according to an ABC member survey conducted from Aug. 21 to Sept. 6. The reading is 0.5 months above the August 2022 level.
United States Anirban Basu Associated Builders Contractor Construction Backlog Indicator Confidence Index Economist Anirban

The average U.S. contractor has 8.9 months worth of construction work in the pipeline, as of June 2023

Associated Builders and Contractors reported that its Construction Backlog Indicator remained unchanged at 8.9 months in June 2023, according to an ABC member survey conducted June 20 to July 5. The reading is unchanged from June 2022.
Anirban Basu Federal Reserve Associated Builders Construction Backlog Indicator Economist Anirban Construction Confidence Index

The average U.S. contractor has 8.7 months worth of construction work in the pipeline, as of March 2023

Associated Builders and Contractors reported that its Construction Backlog Indicator declined to 8.7 months in March, according to an ABC member survey conducted March 20 to April 3. The reading is 0.4 months higher than in March 2022.
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