Associated Builders and Contractors’ Construction Backlog Indicator increased to 8.4 months in January—the same rate as January 2024.
ABC’s Construction Confidence Index readings for sales, profit margins and staffing levels increased in January. The readings for all three were above the threshold of 50, indicating expectations for growth over the next six months.
“While backlog has remained within a narrow range over the past year, contractors broadly expect construction activity to pick up over the next six months," ABC Chief Economist Anirban Basu said in a statement. “Contractor confidence regarding sales has improved significantly over the past year, with much of that improvement occurring since November’s election.”
Read the full report here.
