Tag: backlog
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Backlog hits nearly 2-year high despite tariff worries
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Despite the threat of tariffs, construction backlog rose to its highest level since September 2023 and contractors’ confidence in their future profit margins grew, according to an Associated Builders and Contractors survey April 22 to…
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Tutor Perini turns a profit on growing backlog
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. Tutor Perini, the Los Angeles-based heavy civil construction company, is finally making money doing construction again. After several quarters of disappointing results plagued by payouts for legal disputes on legacy projects, the company reported it is collecting…
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Tariff Pressures Mount as Construction Backlog Hits 8.5 Months
The latest data from Associated Builders and Contractors (ABC) shows a slight uptick in construction backlog across nonresidential sectors, but growing concerns over newly announced tariffs are beginning to influence contractor confidence. According to ABC’s Construction Backlog Indicator, the average backlog among surveyed contractors increased to 8.5 months in March, up 0.3 months from the…
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Construction backlog posts gains to kick off the year
Dive Brief: Construction backlog increased to 8.4 months in January, reversing December’s slight decline, according to an Associated Builders and Contractors survey conducted from Jan. 21 to Feb. 3. The metric tracks the volume of work in builders’ pipelines. The Western region posted the largest backlog growth, both on a monthly and year-over-year basis, while…
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Total commercial backlog at nearly 2-year low
Dive Brief: Construction backlog edged down to 8.3 months in December, a slight decrease from November, according to an Associated Builders and Contractors survey conducted from Dec. 20 to Jan. 6. Commercial and institutional backlog declined nearly a full month over the past year, reaching its lowest level since February 2023. These categories, which include…