homepage home
subscribe to Midwest Construction magazine subscribe
newsletters free e-newsletter
advertise
industry jobs industry jobs
Mcgraw Hill Construction
Midwest Construction Logo
Order Your RISK FREE Subscription
comment

Construction Backlogs Stagnant in Fourth Quarter

Text size: A A

After gaining ground earlier in the year, average construction backlogs remained stagnant in the final quarter of 2012, according to quarter-to-quarter data compiled by the Washington, D.C.-based Associated Builders and Contractors (ABC). Nevertheless, backlogs are up 2.4% as compared to the same period last year.

----- Advertising -----

Fourth-quarter averages reflected a variety of conditions, including “fiscal cliff fears, highly constrained public capital budgets and lackluster macroeconomic growth,” says ABC Chief Economist Anirban Basu. “However, backlogs did not decline, suggesting that nonresidential construction spending is likely to remain flat during the initial months of 2013 and then possibly trend higher during the latter part of the year.”

While backlogs rose in the fourth quarter in the Northeast and South, they slipped in the West and Midwest, to 7.83 months and 6.61 months, respectively.

By comparison, backlogs averaged  8.21 months in the Northeast and 8.91 months in the South.

Declines in the Midwest “may be attributed to a loss of momentum in industrial production during the latter part of 2012,” says Basu. “However, given America’s growing appetite to produce, the Middle States appear positioned for continued gradual recovery during the next year.”

Year-over-year comparisons show growth in all regions except the South, where backlogs declined by a modest .01 months. Additionally, all three industry segments logged increases in backlogs compared to the same period a year ago, with the largest increase in the infrastructure segment, which gained 0.63 months.

“The year-over-year expansion in infrastructure is reflective of growing construction spending in categories such as power, utilities and transportation,” says Basu

Keywords:

----- Advertising -----
Blog: ENR Midwest Musings
ENR Midwest Musings delivers the latest news, insights and opinions about construction & design in Illinois, Indiana, Wisconsin and Missouri, as well as Iowa, Ohio, Michigan and Minnesota.
Reader Photos
Photos from ENR Photo Showcase
Dodge Lead Center
Search for local construction projects OR CALL 877-234-4246 and get a FREE Lead Now!
Search by Project Type & State





----- Advertising -----
 Reader Comments:

Sign in to Comment

To write a comment about this story, please sign in. If this is your first time commenting on this site, you will be required to fill out a brief registration form. Your public username will be the beginning of the email address that you enter into the form (everything before the @ symbol). Other than that, none of the information that you enter will be publically displayed.

We welcome comments from all points of view. Off-topic or abusive comments, however, will be removed at the editors’ discretion.