Backlog inches lower as material, labor worries weigh on contractors

Dive Short:

  • The amount of foreseeable future do the job in the pipeline for U.S. professional contractors fell a little bit final thirty day period, even as proposals for new tasks remained strong. 
  • Connected Builders and Contractors’ Development Backlog Indicator declined to 7.6 months in September. Even though it reduced .1 months from August, it was up .1 months from September 2020. 
  • In addition, ABC’s Development Self-assurance Index readings for sales, gain margins and staffing degrees also declined in September, but remain above fifty, indicating expansion expectations over the next 6 months.

Dive Insight:

The falloff in ABC’s recent Development Backlog Indicator stands in distinction to the optimism expressed earlier this 12 months as the pandemic was showing indications of receding. Irrespective of the issues, in The Marcum Nationwide Development Survey, launched final 7 days, design executives generally expressed optimism for the foreseeable future.

Fifty-4 % of respondents said

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