ABC Reports that Construction Backlog Slips to Lowest Level Since Aug. 2022

Associated Builders and Contractors reported this week that its Construction Backlog Indicator declined to 8.7 months in March, according to an ABC member survey conducted March 20 to April 3. That reading is 0.4 months higher than in March 2022. Backlog slipped in March and is now at its lowest level since Aug. 2022. Backlog is down on a monthly basis in every region except for the South, which continues to be associated with elevated levels of current and future construction activity.