Associated Builders and Contractors’ Construction Backlog Indicator increased to 8.7 months in June, up 0.3 months since June 2024.
Contractors with annual revenues over $100 million have a nearly two months longer backlog than they did one year ago, while contractors who make under $30 million have 0.3 months of backlog.
ABC’s Construction Confidence Index readings for sales, profit margins and staffing levels increased in June. The readings for all three were above the threshold of 50, indicating expectations for growth over the next six months.
“Despite a wide array of headwinds and disappointing construction spending data in recent months, backlog rebounded to 8.7 months in June, the same level as in April,” ABC Chief Economist Anirban Basu said in a statement. “The durability of contractor backlog is partially due to the ongoing boom in data center construction; 1 in 7 ABC members is currently under contract to perform work on a data center.”
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