Construction has positive fourth-quarter growth
Associated Builders and Contractors reported today that its Construction Backlog Indicator (CBI) for the fourth quarter of 2010 averaged 7.1 months, up from seven months in the third quarter.
The CBI was up 21.3 percent from a low of 5.8 months in the fourth quarter of 2009.
The indicator measures the amount of construction work under contract to be completed in the future. Construction backlog in the middle states region has returned to levels above six months, and backlog expanded in all major regions except the West.
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