Construction Backlog Indicator 7% Higher than One Year Ago Despite Recent Declines

Associated Builders and Contractors Inc.

The Construction Backlog Indicator declined 1.1% during the first quarter of 2013 and now stands at 7.9 months. Despite the quarterly decline, the indicator is still 7% higher compared to one year...
The Construction Backlog Indicator declined 1.1% during the first quarter of 2013 and now stands at 7.9 months. Despite the quarterly decline, the indicator is still 7% higher compared to one year ago.
Associated Builders and Contractors

The Northeast region experienced the most significant increase in construction backlog during the first quarter of 2013, rising to 8.9 months.
The Northeast region experienced the most significant increase in construction backlog during the first quarter of 2013, rising to 8.9 months.

Associated Builders and Contractors (ABC) today reports that its Construction Backlog Indicator (CBI) declined 1.1 percent during the first quarter of 2013 and now stands at 7.9 months. Despite the quarterly decline, CBI is still 7 percent higher compared to one year ago. CBI is measured in months and reflects the amount of commercial and industrial construction work under contract, but not yet completed. “As with the broader economic recovery, the rebound of the nation’s nonresidential...
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Construction Backlog Indicator 7% Higher than One Year Ago Despite Recent Declines

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