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

| Oct 11, 2011

AIA introduces five new documents for use on sustainable projects

These new documents will be available in the first quarter of 2012 as part of the new AIA Contract Documents service and AIA Documents on Demand.

| Oct 7, 2011

GREENBUILD 2011: Schools program receives grant to track student conservation results

To track results, schools will use the newly developed Sustainability Dashboard, a unique web-based service that makes tracking sustainability initiatives affordable and easy.

| Oct 6, 2011

GREENBUILD 2011: NEXT Living EcoSuite showcased

  Tridel teams up with Cisco and Control4 to unveil the future of green condo living in Canada.

| Oct 4, 2011

GREENBUILD 2011

Click here for the latest news and products from Greenbuild 2011, Oct. 4-7, in Toronto.

| Oct 4, 2011

GREENBUILD 2011: Methods, impacts, and opportunities in the concrete building life cycle

Researchers at the Massachusetts Institute of Technology’s (MIT) Concrete Sustainability Hub conducted a life-cycle assessment (LCA) study to evaluate and improve the environmental impact and study how the “dual use” aspect of concrete.

| Sep 28, 2011

Look who's coming to BD+C's Under-40 Leadership Summit

AEC industry "under-40 superstars" from top design and construction firms have signed up for BD+C's "Under-40 Leadership Summit."

| Sep 28, 2011

Bradley sponsors design studio on intelligent buildings for UWM SARUP

 The studio is taught by Gregory D. Thomson, assistant professor and co-director of the Institute for Ecological Design at UWM.

| Sep 23, 2011

ABI turns positive after four monthly declines

On the heels of a period of weakness in design activity, the Architecture Billings Index (ABI) took a sudden upturn in August.

| Sep 19, 2011

Portland team hired as LEED and commissioning consultants for $5.5B downtown sustainable project in Qatar

The $5.5 billion sustainable downtown regeneration project underway by Msheireb Properties will transform a 76 acres site at the centre of Doha, Qatar’s capital city, recreating a way of living that is rooted in Qatari culture, attracting residents back to the city center and reversing the trend for decentralization.

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