Sign in
Stories
Construction Backlog Drops to Lowest Level Since Q1 2022
Share
Construction Backlog Reaches Lowest Leve...
Economic Indicators Shift: Rates, Gas, C...
Mixed Economic Indicators Impact Markets
Construction Spending Surges Amid Recess...
Crane Rail Market Set to Soar with Impre...
Irish Construction Sector's Gradual Impr...
Overview
API
Backlog in the construction industry has decreased to the lowest level since Q1 2022, reaching 8.4 months in October. The decline is attributed to tightening credit, high financing costs, and weaker economic fundamentals. Smaller contractors have experienced a more significant drop in backlog, while larger contractors continue to add work. The Middle States region was the only one to see gains in backlog.
Ask a question
How are tightening credit and high financing costs affecting the construction industry?
How might the decline in backlog impact the overall economic recovery?
What are the implications of smaller contractors experiencing a drop in backlog?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Aug 2023
Sep 2023
Oct 2023
Coverage