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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.
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.
According to a recent analysis of U.S. Census Bureau data by the Associated Builders and Contractors (ABC), national nonresidential construction spending rose 0.9% in November. On a seasonally adjusted annualized basis, spending in this sector totaled $930.1 billion for the month. Across the...
The Associated Builders and Contractors (ABC) has reported that its Construction Backlog Indicator (CBI) has increased to 9.2 months in November, the highest level since the second quarter of 2019. This reading is 0.4 months up from October and a 0.8-month increase from November...
While backlog is down from second quarter of 2022, it remains higher than at any point from March 2021 to March 2022.