Associated Builders and Contractors reported that its Construction Backlog Indicator increased to 8.8 months in April, according to an member survey conducted from April 20 to May 4. The reading is up 0.9 months from April 2021. The index readings for sales and staffing levels declined in April, while the reading for profit margins moved higher. All three indices remain above the threshold of 50, indicating expectations of growth over the next six months.
ABC’s Construction Backlog Up in April; Contractor Confidence Down
Filed under: Economic NewsTagged with: ABC, contractors