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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. ....

Anirban Basu , Silicon Valley Bank , Signature Bank , Associated Builders , Construction Backlog Indicator , Backlog Indicator , Construction Confidence Index , Confidence Index , Economist Anirban ,

Nonresidential construction spending up 0.4% in February 2023

National nonresidential construction spending increased 0.4% in February, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $982.2 billion for the month, up 16.8% from the previous year. ....

Anirban Basu , Us Census Bureau , Associated Builders , Economist Anirban , Backlog Indicator ,

Cost of construction materials remains 37% higher than pre-pandemic according to latest ABC analysis

The price of construction materials rose 1.3% in January 2023 alone, according to new data by Associated Builders and Contractors. In addition to being 1.3% higher than December 2022 figures, the prices are also 4.9% higher than this time last year, the smallest annual increase since January. ....

Pexels Sevenstorm , Anirban Basu , Us Bureau Of Labor Statistics , Associated Builders , Labor Statistics , Dodge Momentum Index , Economist Anirban Basu , Backlog Indicator ,

Strong backlog report includes warning of tighter financing

Construction industry news, trends and jobs for building professionals who want mobile-friendly content. ....

Anirban Basu , Dive Brief , Associated Builders , Backlog Indicator , Commercial Building ,

Owners and Contractors Beware – Vendor Risks Can Hurt Your Projects | StoneTurn

Vendor risk has the power to impact an organization’s reputation, ESG (environmental, social, governance) initiatives, and information security. Similarly, vendors can affect a. ....

United States , Anirban Basu , Building Congress Exchange , Heat Map Depicting Vendor , Building Congress , General Contractors , Associated Builders , Chief Economist Anirban Basu , Backlog Indicator , Facility Equipment Cost Index , Quarter Update , Most Contractors Struggle , Fill Open Positions , Backlog Inches Lower , Contractor Confidence Falters ,