![Combo Graph Jun 21](https://img.forconstructionpros.com/files/base/acbm/fcp/image/2021/07/Combo_graph_Jun_21.60eda1734b03a.png?auto=format%2Ccompress&fit=crop&h=288&q=70&rect=0%2C6%2C600%2C337&w=512)
Associated Builders and Contractors reports that its Construction Backlog Indicator rose to 8.5 months in June, according to an ABC member survey conducted June 20-July 6. This is 0.5 months higher than in May 2021 and 0.4 months higher compared to June 2020.
“Rapidly rising materials prices was one of the leading threats to a vigorous nonresidential construction recovery; however, that factor has become a bit less concerning in recent weeks,” said Basu. “Still, materials prices are likely to remain meaningfully above pre-pandemic levels. Moreover, the shortage of skilled workers continues to worsen, driving up wages and project bids in the process. Demand for construction services is expected to be strong enough during the months ahead to allow contractors to pass many of these higher costs onto the purchasers of construction services, preserving margins in the process.”
Click here for historical CCI and CBI data and here for methodology. Visit abc.org/economics for the CBI and CCI reports, plus analysis of spending, employment, GDP and the Producer Price Index.