The Associated Builders and Contractors Construction Backlog Indicator dropped to 7.6 in September, the group said, based on a member survey that shows a decline of 0.1 month from August’s backlog figure, but an equivalent gain compared to September 2020.
“A growing number of contractors are indicating shortages of materials such as copper and PVC pipe,” Anirban Basu, said ABC chief economist. “Rising shipping and trucking costs are further exacerbating the situation by placing additional upward pressure on input prices.”