Higher materials prices and labor costs have put more projects on hold and, I many cases, rendered projects infeasible, ABC Chief Economist Anirban Basu said.

Total nonresidential construction spending is down 4.2% from July 2020. 

All three indices (sales, profit margins, staffing levels) remain above the threshold of 50, indicating expectations of growth over the next six months.

Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 7.8 months in March, according to an ABC member survey conducted from March 22 to April 5, a decrease of 0.4 months from both the February 2021 and March 2020 readings.

WASHINGTON, Jan.12—Associated Builders and Contractors reported today that its Construction Backlog Indicator rebounded modestly to 7.3 months in December, an increase of 0.1 months from November’s reading, according to an ABC member survey conducted from Dec. 18 to Jan. 5. Backlog is 1.5 months lower than in December 2019.

Associated Builders and Contractors reported today that its Construction Backlog Indicator declined to 7.2 months in November, a decrease of 0.5 months from October’s reading, according to an ABC member survey conducted from Nov. 20 to Dec. 2. Backlog is 1.7 months lower than in November 2019.

My hat is off to the brave men and women on front lines battling the dreaded coronavirus during this global crisis.

Change and evolution rarely come easily or naturally for an entire company. As the founder and CEO of Next Gear Solutions, I have spent years helping thousands of restoration contractors do one primary thing: drive major change in their business.