Infrastructure Spending Drives Strong Q4
Source: Marcum LLP The Marcum Commercial Construction Index for the fourth quarter of 2019 reports healthy levels of construction spending, in large part due to the ongoing strength in infrastructure-related categories. Nonresidential construction spending stood at an annualized rate of $779.6B in December 2019, down 1.2 percent from the previous month but up 4.4 percent year-over-year. The […]
ABC’s Construction Backlog Indicator Slips in Sept.
Source: Associated Builders and Contractors Associated Builders and Contractors reported that its Construction Backlog Indicator fell to 8.9 months in September 2019, down 0.1 months or 0.8 percent from August 2019, when CBI stood at nine months. “Today’s backlog reading indicates that pre-existing trends will remain in place,” said ABC Chief Economist Anirban Basu. “In […]