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WASHINGTON—Associated Builders and Contractors reported that its Construction Backlog Indicator rose to 8.1 months in June, an increase of 0.2 months from May’s reading. CBI is down approximately 8% from its June 2019 level. Every region except the Middle States experienced an increase in backlog in June compared to May, according to an ABC member survey conducted from June 20-July 1.
NEWTON, Massachusetts–Proposal activity for architecture, engineering and construction (AEC) firms sank to its lowest quarterly level in over a decade in the second quarter of 2020, as the coronavirus-related downturn trimmed backlog and reduced revenue for firms coast to coast.
HAMILTON, N.J. (July 8, 2020)—Heavy civil construction is deemed essential to our economy and has continued in many jurisdictions throughout the economic shutdown. However, data from The Civil Quarterly (TCQ), a new publication from Dodge Data & Analytics launched, reveals contractors in this sector are facing supply chain issues and other challenges in keeping jobsites going.
WASHINGTON (July 10, 2020)—Construction input prices rose 2.2% in June, according to an Associated Builders and Contractors analysis of United States Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices rose by 2.3% for the month.
HAMILTON, NEW JERSEY (July 8, 2020)—The Dodge Momentum Index dropped 6.6% in June to 121.5 from the revised May reading of 130.1.