Your source for construction industry news in the Carolinas
WASHINGTON, June 9—Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to 7.9 months in May, an increase of less than 0.1 months from April’s reading. Furthermore, based on an ABC member survey conducted May 20-June 3, results indicate that confidence among U.S. construction industry leaders continued to rebound from the historically low…
WASHINGTON, March 17, 2020 — Associated Builders and Contractors reported today that its Construction Backlog rose to 8.9 months in January 2020, a 5.9% increase from December’s reading. Backlog for firms with less than $30 million in revenues expanded by nearly 20% after declining sharply in December. “This represents yet another reminder that nonresidential construction and…
WASHINGTON, Feb. 18, 2020 — Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.4 months in December 2019, a 4.2% decline from November’s reading. This appeared to be due primarily to seasonal factors. “December’s nonresidential construction backlog fell to the reading’s lowest level since January 2019,” said ABC Chief Economist Anirban Basu. “This…
Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.9 months in September 2019, down 0.1 months or 0.8% from August 2019 when CBI stood at nine months. “Today’s backlog reading indicates that pre-existing trends will remain in place,” said ABC Chief Economist Anirban Basu. “In recent months, public construction spending has fueled…
Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.8 months in June 2019, down 0.1 months or 1.3% from May 2019, when CBI stood at 8.9 months. “Though still elevated by historical standards, nonresidential construction backlog has generally been trending lower in recent months,” said ABC Chief Economist Anirban Basu….
Associated Builders and Contractors reported today that its Construction Backlog Indicator expanded to 8.8 months in February 2019, up 0.7 months (8.2%) from January 2019, when the backlog dipped to 8.1 months. “As predicted, the decreased backlog in the first month of the year reversed in February,” said Anirban Basu, ABC’s chief economist. “Low January…
Associated Builders and Contractors (ABC) today reported that its Construction Backlog Indicator (CBI) expanded to 9.67 months during the fourth quarter of 2017 — its highest level ever and a 2.25 percent increase from the prior quarter. Backlog records were broken in the Northeast region, the commercial/industrial segment and among firms with $30 to $50…
Construction backlog fell by 4 percent during the last quarter of 2016, according to the latest Construction Backlog Indicator (CBI) released today by Associated Builders and Contractors (ABC). Contractors in each segment surveyed—commercial/institutional, infrastructure and heavy industrial—all saw lower backlog during the fourth quarter, with firms in the heavy industrial segment experiencing the largest drop,…
