The Associated Builders and Contractors Construction Backlog Indicator rose to nine months in May even as contractor confidence declined, the industry group said June 14.
ABC’s backlog indicator, which is calculated using contractors’ revenues from the previous year and current backlog, was up from 8.8 months in April and from 8 months in May 2021. The greatest backlog by sector was in infrastructure, which rose to 9.3 months in May, surpassing commercial and institutional, which had the greatest backlog a month earlier. Geographically, the Northeast and South were tied for the largest backlog with 9.6 months each.