flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

ABC’s construction backlog inches lower in June; Contractor confidence falters

Building Team

ABC’s construction backlog inches lower in June; Contractor confidence falters

Associated Builders and Contractors reports today that its Construction Backlog Indicator fell 0.1 months in June and stands at 8.9 months, according to an ABC member survey conducted June 21 to July 5.


By ABC | July 14, 2022
Construction Industry
Courtesy Pixabay.

Associated Builders and Contractors reports today that its Construction Backlog Indicator fell 0.1 months in June and stands at 8.9 months, according to an ABC member survey conducted June 21 to July 5. The reading is up 0.4 months from June 2021.

View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for June 2022.

ABC’s Construction Confidence Index readings for sales, profit margins and staffing levels declined in June. The indices for sales and staffing remain above the threshold of 50, indicating expectations of growth over the next six months, while the reading for profit margins fell below the threshold of 50 for the first time since October 2021.

“Several months ago, there was conjecture that contractors were generally too upbeat regarding their collective future,” said ABC Chief Economist Anirban Basu. “Increasingly, the data suggest that they were. At the time, many contractors reported surging backlog and an ability to pass along hefty cost increases to project owners. For months, contractors expected sales, employment and margins to expand. The most recent ABC survey indicates that, to secure work and to induce project starts, a growing fraction of contractors is having to trim margins.

“While circumstances are hardly catastrophic, the nonresidential construction marketplace is not as strong as it was expected to be,” said Basu. “Many factors are involved, including materials prices that have remained stubbornly elevated and construction skills shortages that have refused to dissipate.

“In the context of rising fears of recession and rising borrowing costs, the stage has been set for softer nonresidential construction activity going forward," said Basu. "That said, public contractors can expect to remain busy in the context of a significant infrastructure spending package. Still, the market may not prove as robust as anticipated given delayed project start dates as public agencies determine the right moment to purchase construction services. Despite all of these considerations, contractors continue to expect industry sales and employment to expand over the next six months.”

ABC Construction Backlog Indicator & Construction Confidence
Courtesy ABC.

Note: The reference months for the Construction Backlog Indicator and Construction Confidence Index data series were revised on May 12, 2020, to better reflect the survey period. CBI quantifies the previous month’s work under contract based on the latest financials available, while CCI measures contractors’ outlook for the next six months.

Related Stories

| Aug 11, 2010

9 rooftop photovoltaic installation tips

The popularity of rooftop photovoltaic (PV) panels has exploded during the past decade as Building Teams look to maximize building energy efficiency, implement renewable energy measures, and achieve green building certification for their projects. However, installing rooftop PV systems—rack-mounted, roof-bearing, or fully integrated systems—requires careful consideration to avoid damaging the roof system.

| Aug 11, 2010

The Joule Hotel
Dallas, Texas

The Joule Hotel in Dallas, designed by local firm Coburn & Smith, was constructed in 1927 as the Dallas National Bank Building. Originally one of the finest examples of gothic revival architecture in Texas, it had had most of its gothic elements removed over the years after being converted into an office building and later abandoned. What was left had fallen into disrepair.

| Aug 11, 2010

F&S Partners merges with SmithGroup

F&S Partners, a Dallas architecture firm specializing in the design of educational, recreational, and religious projects, has merged with SmithGroup, a top 10 U.S. architecture/engineering firm. The 40-person office in Dallas will carry the name SmithGroup/F&S.

| Aug 11, 2010

Will Alsop to head up new RMJM studio

Will Alsop, the internationally acclaimed British architect and designer of the Glenwood Waterfront project on the Hudson River, is to turn his attention once again to the U.S. after announcing he is to create a studio called “Will Alsop at RMJM,” as part of the RMJM worldwide architectural firm.

| Aug 11, 2010

AECOM, WATG top BD+C's ranking of the nation's 75 largest hotel design firms

A ranking of the Top 75 Hotel Design Firms based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants

| Aug 11, 2010

YKK AP launches enerGfacade family of building envelope products

YKK AP America, the leader in manufacturing high quality architectural products, today announced enerGfacade™, its new family of energy-efficient products, as part of the YKK Group’s 50 year anniversary in the architectural products business.  The family includes several products, such as Luminance™, ThermaShadeTM and YOW350T. 

| Aug 11, 2010

Parsons Brinckerhoff, Dewberry among nation's largest multifamily design firms, according to BD+C's Giants 300 report

A ranking of the Top 75 Multifamily Design Firms based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit /giants

| Aug 11, 2010

USGBC’s Greenbuild 2009 brings global ideas to local main streets

Save the planet with indigenous knowledge. Make permanent water part of your life. Dive deep water for clues to environmental success.  Connect site selection to successful creative concepting. Explore the unknown with Discovery Channel’s best known guide. These are but a few of the big ideas participants can connect to at USGBC’s Greenbuild International Conference and Expo, taking place on November 11-13, 2009 in Phoenix, Ariz.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021