Associated Builders and Contractors reported that its Construction Backlog Indicator declined to nine months in September, according to an ABC member survey conducted Sept. 20 to Oct. 4. The reading is equivalent to one year ago.
View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for September. View the full Construction Backlog Indicator and Construction Confidence Index data series.
Though it declined last month, the South continues to have the lengthiest backlog, which has been the case since October 2021. Over the past year, only the West has experienced increasing backlog.
ABC’s Construction Confidence Index reading for sales and staffing levels edged higher in September. The profit margins reading fell slightly. All three readings remain above the threshold of 50, indicating expectations for growth over the next six months.
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