Posted on Monday, February 23, 2015 3:33 PM By Jeff Leieritz
According to Associated Builders and Contractors (ABC), the Construction Backlog Indicator (CBI) for the fourth quarter of 2014 declined 0.1 months, or 1 percent. Despite the quarter-over-quarter decline, backlog ended the year at 8.7 months, which is still 4.4 percent higher than one year ago.
Posted on Monday, November 17, 2014 11:49 AM By Jeff Leieritz
Associated Builders and Contractors (ABC) Construction Backlog Indicator (CBI) reached a new all-time high during the third quarter of 2014 at 8.8 months, eclipsing the previous all-time high of 8.5 months in the second quarter of 2014. The 2014 third quarter backlog is 6.9 percent higher than the third quarter of 2013 and the continued growth of backlog during the last six months likely indicates that 2015 will be a strong year of recovery for the nation’s nonresidential construction industry.