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United Rentals downgraded to Neutral at UBS on slower construction outlook (NYSE:URI)

United Rentals downgraded to Neutral at UBS on slower construction outlook (NYSE:URI)
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Steven Fisher , Architectural Billing Index , Associated Builders , Contractor Construction Backlog Indicator ,

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 , Backlog Indicator ,

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

Associated Builders and Contractors' Construction Backlog Indicator increased to 8.9 months in April from 8.7 in March, according to an ABC member survey conducted April 20 to May 3. The reading is 0.1 months higher than in April 2022. After declining to a seven-month low in March, backlog rebounded in April due to strength in the infrastructure category. ....

Anirban Basu , Associated Builders , Contractor Construction Backlog Indicator , Confidence Index , Economist Anirban ,

Backlog Indicator Up in May: ABC

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. ....

United States , Anirban Basu , Associated Builders , Contractor Construction Backlog Indicator , Middle States , Confidence Index ,

ABC: Construction Backlog Indicator dips in January

The Associated Builders and Contractors’ Construction Backlog Indicator declined to 8.0 months in January, according to a newly released survey of ABC member firms conducted from Jan. 20 to Feb. 4. ....

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