flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

ABC’s Construction Backlog Indicator Jumps in September; Contractor Confidence Remains Steady

Market Data

ABC’s Construction Backlog Indicator Jumps in September; Contractor Confidence Remains Steady

Associated Builders and Contractors reports today that its Construction Backlog Indicator increased to 9.0 months in September, according to an ABC member survey conducted Sept. 20 to Oct. 5.


By ABC | October 14, 2022
Construction Backlog September
Courtesy Pexels.

Associated Builders and Contractors reports today that its Construction Backlog Indicator increased to 9.0 months in September, according to an ABC member survey conducted Sept. 20 to Oct. 5. The reading is 1.4 months higher than in September 2021.

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

Backlog reached its highest level since May 2022 and is once again above the level observed at the start of the pandemic (8.9 months in February 2020). Backlog in heavy industrial increased sizably in September, spurred by a 21.5% year-over-year increase in manufacturing-related construction spending.

ABC’s Construction Confidence Index readings for profit margins and staffing levels increased in September, while the reading for sales moved slightly lower. All three readings remain above the threshold of 50, indicating expectations of growth over the next six months.

“The construction confidence and backlog metrics appear strong despite the U.S. economy facing headwinds like inflation, financial market volatility and rapidly rising borrowing costs,” said ABC Chief Economist Anirban Basu. “Contractors remain decidedly upbeat, with backlog expanding and expectations for rising sales, employment and profit margins over the next six months.

“One would think the recent surge in interest rates would be enough to dampen contractor confidence,” said Basu. “Instead, project owners continue to move forward with a significant number of projects. Faced with high demand for their services, contractors continue to show pricing power, helping to offset rising compensation and other construction delivery costs.”

Construction Backlog Indicator September
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

Resiliency | Sep 3, 2024

Phius introduces retrofit standard for more resilient buildings

Phius recently released, REVIVE 2024, a retrofit standard for more resilient buildings. The standard focuses on resilience against grid outages by ensuring structures remain habitable for at least a week during extreme weather events.

Contractors | Aug 21, 2024

The average U.S. contractor has 8.4 months worth of construction work in the pipeline, as of July 2024

Associated Builders and Contractors reported today that its Construction Backlog Indicator held steady at 8.4 months in July, according to an ABC member survey conducted July 22 to Aug. 6. The reading is down 0.9 months from July 2023.

Building Team | Aug 13, 2024

Don't miss out! 2024 Women in Residential+Commercial Construction Conference, September 18-20, Phoenix

This annual conference gathers 300+ women in construction for three transformative and education-rich days packed with industry speakers, AIA-accredited sessions, breakout education tracks, roundtable discussions, panels, and networking events.

Building Team | Jul 3, 2024

So you want to get published: What’s next?

In the AEC industry, securing media attention is no longer a niche endeavor but an essential component of a holistic marketing strategy.

Building Team | Apr 30, 2024

Building Design+Construction wins a 2024 Jesse H. Neal Award for editorial excellence

The editors of Building Design+Construction and Multifamily Pro+ were honored last week with a 2024 Jesse H. Neal Award for editorial excellence for their work on the “2023 Multifamily Annual Report.” The 76-page special report, published last October, won the Neal Award for Best Subject-Related Package. 

Engineers | Sep 8, 2023

Secrets of a structural engineer

Walter P Moore's Scott Martin, PE, LEED AP, DBIA, offers tips and takeaways for young—and veteran—structural engineers in the AEC industry. 

Giants 400 | Aug 30, 2023

Top 75 Engineering Firms for 2023

Kimley-Horn, WSP, Tetra Tech, Langan, and IMEG head the rankings of the nation's largest engineering firms for nonresidential buildings and multifamily buildings work, as reported in Building Design+Construction's 2023 Giants 400 Report.

Building Team | Aug 28, 2023

Navigating challenges in construction administration

Vessel Architecture's Rebekah Schranck, AIA, shares how the demanding task of construction administration can be challenging, but crucial.

Giants 400 | Aug 22, 2023

2023 Giants 400 Report: Ranking the nation's largest architecture, engineering, and construction firms

A record 552 AEC firms submitted data for BD+C's 2023 Giants 400 Report. The final report includes 137 rankings across 25 building sectors and specialty categories.

Senior Living Design | Aug 7, 2023

Putting 9 senior living market trends into perspective

Brad Perkins, FAIA, a veteran of more than four decades in the planning and design of senior living communities, looks at where the market is heading in the immediate future. 

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