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Furniture Industry News: The Barometer tracks residential renovation market expectations, project backlogs and recent activity among businesses in the construction sector and the architectural and design services sector in the United States.
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While backlog is down from second quarter of 2022, it remains higher than at any point from March 2021 to March 2022.
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Associated Builders and Contractors reported today that its Construction Backlog Indicator fell 0.2 months in July and stands at 8.7 months, according to an ABC member survey conducted July 20 to Aug. 3.