Associated Builders and Contractors reports that its Construction Backlog Indicator increased to 8.2 months in March — up from 8.1 months in February but down 0.5 months from March 2023. In fact, backlog is down over the past year for every region except the Middle States, which now has the second-largest backlog of any region. The South continues to have the largest backlog, despite a large decline over the past year.
Construction Backlog Indicator Rebounds, Contractor Confidence Improves
Apr 22, 2024
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