flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

The average U.S. contractor has 9.2 months worth of construction work in the pipeline, as of August 2023

Contractors

The average U.S. contractor has 9.2 months worth of construction work in the pipeline, as of August 2023

Contractor backlogs dropped slightly in August, to 9.2 months, according to Associated Builders and Contractors.


By Associated Builders and Contractors | September 12, 2023
Image by Jason Goh from Pixabay
Image by Jason Goh from Pixabay

Associated Builders and Contractors' Construction Backlog Indicator declined to 9.2 months in August, down 0.1 month, according to an ABC member survey conducted from Aug. 21 to Sept. 6. The reading is 0.5 months above the August 2022 level.

Backlog decreased on a monthly basis for all categories of company size except for those with more than $100 million in annual revenues, while only the smallest two revenue categories have higher backlog than in August 2022.

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

“There’s no sign of a construction recession in the near term,” said ABC Chief Economist Anirban Basu. “If anything, contractors are more upbeat, as policy and technology shifts along with economic transformation, are creating substantial demand for improvements and growth in America’s built environment.

“While a plurality of contractors expects only small improvements in sales, profit margins and staffing over the next six months, even incremental improvement is remarkable in the context of tightening credit, higher project financing costs and lingering fears of recession,” said Basu. “Backlog continues to be at the upper end of historic levels, with the infrastructure category registering substantial gains in backlog in August. That suggests that a growing number of public works projects is poised to break ground.”

Construction Backlog Indicator declined to 9.2 months in August 2023

Construction Backlog Indicator declined to 9.2 months in August 2023

Related Stories

| Apr 13, 2012

Best Commercial Modular Buildings Recognized

Judges scored building entries on a number of criteria including architectural excellence, technical innovation, cost effectiveness, energy efficiency, and calendar days to complete, while marketing pieces were judged on strategy, implementation, and quantifiable results. Read More

| Apr 12, 2012

Solar PV carport, electrical charging stations unveiled in California

Project contractor Oltman Construction noted that the carport provides shaded area for 940 car stalls and generates 2 MW DC of electric power.

| Apr 11, 2012

Shawmut appoints Tripp as business development director

Tripp joined Shawmut in 1998 and previously held the positions of assistant superintendent, superintendent, and national construction manager.

| Apr 11, 2012

Corgan & SOM awarded contract to design SSA National Support Center

The new SSA campus is expected to meet all Federal energy and water conservation goals while achieving LEED Gold Certification from the United States Green Building Council.

| Apr 11, 2012

C.W. Driver completes Rec Center on CSUN campus

The state-of-the-art fitness center supports university’s goal to encourage student recruitment and retention.

| Apr 10, 2012

JE Dunn completes two medical office buildings at St. Anthony’s Lakewood, Colo. campus

Designed by Davis Partnership Architects, P.C., Medical Plaza 1 and 2 are four-story structures totaling 96,804-sf and 101,581-sf respectively.

| Apr 10, 2012

THINK [about architecture] Scholarship enters 15th year

Students are invited to submit two-minute creative videos that illustrate how they interact with their school's design and what the space makes possible.

| Apr 10, 2012

Structured Development & Bucksbaum close on new retail site in Chicago

The site is the location of New City, a mixed-use development that will feature 370,000-sf of retail space and 280 residential rental units.

| Apr 10, 2012

Moriarty & Associates selected as GC for Miami’s BrickellHouse Condo

Construction of the 46-story development is schedule to get underway this summer and be completed in 2014.

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