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

| Mar 20, 2012

Ceco Building Systems names Romans marketing director

Romans joins Ceco Building Systems with over 15 years in marketing and customer service.

| Mar 20, 2012

UT Arlington launches David Dillon Center for Texas Architecture

Symposium about Texas architecture planned for April.

| Mar 20, 2012

Stanford’s Knight Management Center Awarded LEED Platinum

The 360,000-sf facility underscores what is taught in many of the school’s electives such as Environmental Entrepreneurship and Environmental Science for Managers and Policy Makers, as well as in core classes covering sustainability across the functions of business.

| Mar 20, 2012

New office designs at San Diego’s Sunroad Corporate Center

Traditional office space being transformed into a modern work environment, complete with private offices, high-tech conference rooms, a break room, and an art gallery, as well as standard facilities and amenities.

| Mar 19, 2012

Obama’s positioned to out-regulate Bush in second term

Proposed ozone rule would cost $19 billion to $90 billion in 2020, according to the White House.

| Mar 19, 2012

Skanska promotes Saunders to VP/GM of Bayshore Concrete Products

During his more than 13 years with Bayshore, Saunders has provided products for Victory Bridge in New Jersey, Route 52 Causeway in Ocean City, N.J., and for numerous piers at Naval Station Norfolk and the Norfolk Naval Shipyard. 

| Mar 19, 2012

Smith Carter joins forces with Genivar

Smith Carter has a workforce of some 190 employees and designs complex buildings in challenging environments.

| Mar 19, 2012

HKS Selected for Baylor Medical Center at Waxahachie

Baylor Medical Center at Waxahachiewill incorporate advanced technology including telemedicine, digital imaging, remote patient monitoring, electronic medical records and computer patient records. 

| Mar 19, 2012

Mixed-use project redefines Midtown District in Plantation, Fla.

Stiles Construction is building the residential complex, which is one of Broward County’s first multifamily rental communities designed to achieve LEED certification from the USGBC. 

boombox1
boombox2
native1

More In Category

Great Solutions

41 Great Solutions for architects, engineers, and contractors

AI ChatBots, ambient computing, floating MRIs, low-carbon cement, sunshine on demand, next-generation top-down construction. These and 35 other innovations make up our 2024 Great Solutions Report, which highlights fresh ideas and innovations from leading architecture, engineering, and construction firms.




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