What's Hot

    383-Unit Multifamily Project Recommended by Goodyear P&Z

    August 22, 2025

    Aviation Training Center Planned for Mesa-Gateway Airport

    August 22, 2025

    Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades

    August 22, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [August 22, 2025] - 383-Unit Multifamily Project Recommended by Goodyear P&Z
    • [August 22, 2025] - Aviation Training Center Planned for Mesa-Gateway Airport
    • [August 22, 2025] - Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades
    • [August 22, 2025] - Rezoning Recommended for 236KSF Mesa Industrial Plan
    • [August 22, 2025] - Arizona Projects 08-22-25
    • [August 20, 2025] - Old Town Scottsdale to See $40M in Improvements
    • [August 19, 2025] - Ariz. Construction Lost 400 Jobs in July
    • [August 19, 2025] - Astra Construction Delayed Due to Financing
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. Planning & Development
      3. Local News
      4. Classifieds
      5. Editorial Analysis
      6. Budgets & Funding
      7. Commercial Real Estate
      8. People on the Move
      9. Arizona Projects
      10. Legislation & Regulations
      11. Trends

      383-Unit Multifamily Project Recommended by Goodyear P&Z

      August 22, 2025

      Aviation Training Center Planned for Mesa-Gateway Airport

      August 22, 2025

      Rezoning Recommended for 236KSF Mesa Industrial Plan

      August 22, 2025

      Astra Construction Delayed Due to Financing

      August 19, 2025

      Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades

      August 22, 2025

      Old Town Scottsdale to See $40M in Improvements

      August 20, 2025

      Ariz. Construction Lost 400 Jobs in July

      August 19, 2025

      Experts Share on the Latest Industrial Trends at BEX Panel

      August 15, 2025

      Scottsdale Hospitals War May Heat Up with New Banner Request

      July 29, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      RTA Funding Proposal Stirs Controversy

      August 15, 2025

      Ariz. LIHTC to Sunset Under New Budget

      July 8, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      Commercial Real Estate 08-19-25

      August 19, 2025

      Commercial Real Estate 08-12-25

      August 12, 2025

      Commercial Real Estate 08-05-25

      August 5, 2025

      Commercial Real Estate 07-29-25

      July 29, 2025

      Industry Professionals 08-19-25

      August 19, 2025

      Industry Professionals 08-12-25

      August 12, 2025

      Industry Professionals 08-05-25

      August 5, 2025

      Industry Professionals 07-29-25

      July 29, 2025

      Arizona Projects 08-22-25

      August 22, 2025

      Arizona Projects 08-15-25

      August 15, 2025

      Arizona Projects 08-08-25

      August 8, 2025

      Arizona Projects 08-01-25

      August 1, 2025

      Tucson City Council Likely to Approve Water Restriction on Large

      August 19, 2025

      Ritz-Carlton Paradise Valley Fight Could End in Foreclosure

      August 15, 2025

      Ariz. Supreme Court Upholds Citizens’ Right to Halt Local Projects

      August 8, 2025

      Proposed Legislation Aims to Increase Housing Supply

      August 5, 2025

      Ariz. Construction Lost 400 Jobs in July

      August 19, 2025

      Experts Share on the Latest Industrial Trends at BEX Panel

      August 15, 2025

      Multifamily Developer Confidence Up in Q2

      August 12, 2025

      Ariz. Construction Gained 600 Jobs in June

      July 22, 2025

      383-Unit Multifamily Project Recommended by Goodyear P&Z

      August 22, 2025

      Aviation Training Center Planned for Mesa-Gateway Airport

      August 22, 2025

      Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades

      August 22, 2025

      Rezoning Recommended for 236KSF Mesa Industrial Plan

      August 22, 2025
    • AZBEX
      • Subscribe
      • Classifieds
      • Advertising
    • DATABEX
      • DATABEX Log-In
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Hospitality LMS
      • 2025 Public Works Conference
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    • CIP Special Report
    AZBEX
    Home » Trends » Backlog Indicator Drops Again; Contractors Confidence Slips
    Trends

    Backlog Indicator Drops Again; Contractors Confidence Slips

    BEX StaffBy BEX StaffMarch 15, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Associated Builders and Contractors

    Associated Builders and Contractors reported its Construction Backlog Indicator declined to 8.1 months in February, according to an ABC member survey conducted Feb. 20 to March 5. The reading is down 1.1 months from February 2023.

    Backlog fell for every size of contractor except for those with less than $30M in annual revenues in February. Over the past year, however, the largest contractors—those with greater than $50M in revenues—have experienced the greatest decline in backlog.

    ABC’s Construction Confidence Index readings for sales, profit margins and staffing levels also decreased in February. However, all three readings remain above the threshold of 50, indicating expectations for growth over the next six months.

    “Backlog is declining and confidence began to fade modestly in February,” said ABC Chief Economist Anirban Basu. “While it is far too early to predict an industrywide downturn given that confidence readings continue to signal growth along sales, employment and profit margin dimensions, it appears that a rising tide of project cancellations and postponements has begun to make its mark.

    “With excess inflation remaining stubbornly durable, at least according to certain measures, interest rates are poised to remain higher for longer,” said Basu. “That gives higher borrowing costs more time to upset the economic momentum that has so surprised economists over the past two years and has provided support for various nonresidential construction activities. With so much federal money still entering the economy, there will continue to be support for growth in certain construction segments, including public works and manufacturing-related megaprojects, but industry weakness is more apparent in segments that rely more purely on private financing.” (Source)

    ABC Anirban Basu Associated Builders and Contractors borrowing costs CBI CCI Construction Backlog Indicator Construction Confidence Index inflation interest rates Manufacturing megaprojects nonresidential construction Public Works trends
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Old Town Scottsdale to See $40M in Improvements

    August 20, 2025

    Ariz. Construction Lost 400 Jobs in July

    August 19, 2025

    Experts Share on the Latest Industrial Trends at BEX Panel

    August 15, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    383-Unit Multifamily Project Recommended by Goodyear P&Z

    August 22, 2025

    Aviation Training Center Planned for Mesa-Gateway Airport

    August 22, 2025

    Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades

    August 22, 2025

    Rezoning Recommended for 236KSF Mesa Industrial Plan

    August 22, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Planning & Development

    383-Unit Multifamily Project Recommended by Goodyear P&Z

    August 22, 20250

    By Roland Murphy for AZBEX The Goodyear Planning and Zoning Commission voted last week to…

    Aviation Training Center Planned for Mesa-Gateway Airport

    August 22, 2025

    Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades

    August 22, 2025

    Rezoning Recommended for 236KSF Mesa Industrial Plan

    August 22, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    383-Unit Multifamily Project Recommended by Goodyear P&Z

    August 22, 2025

    Aviation Training Center Planned for Mesa-Gateway Airport

    August 22, 2025

    Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades

    August 22, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.