Wednesday, May 18, 2011
Construction News Headlines for May 18, 2011
ABC Construction Backlog Grows Out of ‘Crisis’ Mode
Associated Builders and Contractors (ABC) reports that its Construction Backlog Indicator (CBI) for the first quarter of 2011 averaged 7.3 months, a 4 percent increase from 7.1 months during the fourth quarter of 2010, and up from 6.1 months, or an increase of 21 percent, from one year ago. CBI is a forward-looking indicator that measures the amount of construction work under contract to be completed in the future. (More at
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