Backlog inches lower as material, labor worries weigh on contractors

Kennith Bogan

Dive Quick:

  • The quantity of potential perform in the pipeline for U.S. industrial contractors fell slightly last month, even as proposals for new assignments remained potent. 
  • Connected Builders and Contractors’ Building Backlog Indicator declined to 7.6 months in September. Although it lessened .1 months from August, it was up .1 months from September 2020. 
  • In addition, ABC’s Construction Self esteem Index readings for revenue, income margins and staffing degrees also declined in September, but continue to be previously mentioned 50, indicating growth anticipations around the next 6 months.

Dive Insight:

The falloff in ABC’s new Design Backlog Indicator stands in distinction to the optimism expressed earlier this year as the pandemic was exhibiting signals of receding. Regardless of the problems, in The Marcum National Design Study, unveiled last week, development executives generally expressed optimism for the potential.

Fifty-4 percent of respondents claimed they foresee extra prospects in their locations

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