Associated Builders and Contractors’ Construction Backlog Indicator increased to nine months in May from 8.8 months in April. The reading is up one month from May 2021.
Backlog in the infrastructure segment jumped from 8.7 months in April to 9.3 months in May, and the Northeast and South regions continue to outperform the Middle States and the West. Contractors with more than $100 million in annual revenues enjoyed the highest backlog, at 13.2 months.