Tag: Weakens
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U.S. Construction Backlog Slips in October as Contractor Outlook Weakens
Associated Builders and Contractors reported that its Construction Backlog Indicator fell to 8.4 months in October, based on a member survey. The figure is down slightly from September and the same as that in October 2024. Backlog held steady or increased across the three major industries tracked in the survey. However, contractors that do not…