flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

The average U.S. contractor has 8.9 months worth of construction work in the pipeline, as of May 2023

Contractors

The average U.S. contractor has 8.9 months worth of construction work in the pipeline, as of May 2023

Contractor backlogs remained unchanged in May, at 8.9 months, according to Associated Builders and Contractors.


By Associated Builders and Contractors | June 13, 2023
The average U.S. contractor has 8.9 months worth of construction work in the pipeline, as of May 2023  Image by Denis Doukhan from Pixabay
Image by Denis Doukhan from Pixabay

Associated Builders and Contractors reported that its Construction Backlog Indicator remained unchanged at 8.9 months in May, according to an ABC member survey conducted May 20 to June 7. The reading is 0.1 months lower than in May 2022.

Backlog in the infrastructure category ticked up again and has now returned to May 2022 levels. On a regional basis, backlog increased in every region but the Northeast.

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

“During a period of ongoing tumult associated with major bank failures, a near-miss debt ceiling crisis and shifting monetary policy, nonresidential construction backlog has remained remarkably stable,” said ABC Chief Economist Anirban Basu. “At nearly nine months, backlog is essentially unchanged from a year ago and the previous month.

“Moreover, contractor confidence remains elevated despite massive increases in cost of capital and growing concerns over the nation’s commercial real estate segment, with firms indicating sufficient demand and associated pricing power that will keep profit margins steady or better,” said Basu. “Contractors also expect to bring on additional talent over the next six months, an indication of ongoing industry expansion."

ABC Construction Backlog May 2023.jpeg

ABC Construction Confidence Index

ABC Construction Backlog May 2023

 

Related Stories

| Dec 14, 2011

Tyler Junior College and Sika Sarnafil team up to save energy

Tyler Junior College wanted a roofing system that wouldn’t need any attention for a long time.

| Dec 13, 2011

Lutron’s Commercial Experience Center awarded LEED Gold

LEED certification of the Lutron facility was based on a number of green design and construction features that positively impact the project itself and the broader community. These features include: optimization of energy performance through the use of lighting power, lighting controls and HVAC, plus the use of daylight.

| Dec 12, 2011

AIA Chicago announces Skidmore, Owings & Merrill as 2011 Firm of the Year

SOM has been a leader in the research and development of specialized technologies, new processes and innovative ideas, many of which have had a palpable and lasting impact on the design profession and the physical environment. 

| Dec 12, 2011

Skanska to expand and renovate hospital in Georgia for $103 Million

The expansion includes a four-story, 17,500 square meters clinical services building and a five-story, 15,700 square meters, medical office building. Skanska will also renovate the main hospital.

| Dec 12, 2011

CRSI design awards deadline extended to December 31

The final deadline is extended until December 31st, with judging shortly thereafter at the World of Concrete.

| Dec 12, 2011

Mojo Stumer takes top honors at AIA Long Island Design Awards

Firm's TriBeCa Loft wins "Archi" for interior design.

| Dec 10, 2011

10 Great Solutions

The editors of Building Design+Construction present 10 “Great Solutions” that highlight innovative technology and products that can be used to address some of the many problems Building Teams face in their day-to-day work. Readers are encouraged to submit entries for Great Solutions; if we use yours, you’ll receive a $25 gift certificate. Look for more Great Solutions in 2012 at: www.bdcnetwork.com/greatsolutions/2012.

| Dec 10, 2011

Energy performance starts at the building envelope

Rainscreen system installed at the west building expansion of the University of Arizona’s Meinel Optical Sciences Center in Tucson, with its folded glass wall and copper-paneled, breathable cladding over precast concrete.

boombox1
boombox2
native1

More In Category



Curtain Wall

7 steps to investigating curtain wall leaks

It is common for significant curtain wall leakage to involve multiple variables. Therefore, a comprehensive multi-faceted investigation is required to determine the origin of leakage, according to building enclosure consultants Richard Aeck and John A. Rudisill with Rimkus. 


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