ABC's 'Construction Backlog Indicator' Hits Record High The Associated Builders and Contractors measure of its members' backlogs for new work reached a record high during the second quarter of this year, when its Construction Backlog Indicator (CBI) hit 8.5. That was up 5.6% from the previous quarter and 3.6% above a year ago. "The long-awaited, brisk non-residential building recovery may be upon us," says Anirban Basu, ABC chief economist. "Backlog gains were nearly ubiquitous during the second quarter, with gains registered in every industry segment in nearly all geographies and for firms of virtually all sizes," he says. Further increases
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.