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Construction backlog shows positive growth in 4Q 2010
CONSTRUCTION BACKLOG
Anirban Basu
Published: February 21, 2011
Associated Builders and Contractors has reported that its Construction Backlog Indicator for the fourth quarter of 2010 averaged 7.1 months, up from seven months in the third quarter of last year — an improvement of 1.4 percent. In addition, CBI is up 21.3 percent from a low of 5.8 months in the fourth quarter of 2009. CBI is a forward-looking indicator that measures the amount of construction work under contract to be completed in the future.

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