HAMILTON, N.J. (June 20, 2023) — Total construction starts rose 8% in May to a seasonally adjusted annual rate of $1.11 trillion, according to Dodge Construction Network. Nonresidential starts rebounded following the decline in April, improving 8% thanks to a sizable gain in manufacturing starts. During the month, nonbuilding starts improved by 24%, while residential lost 4%.

WASHINGTON (June 13, 2023) — Associated Builders and Contractors (ABC) reported that its Construction Backlog Indicator remained unchanged at 8.9 months in May, according to an ABC member survey conducted May 20 to June 7. The reading is 0.1 months lower than in May 2022.

 

View the historic Construction Backlog Indicator and Construction Confidence Index data series.