Construction Backlog Indicator Reaches All-Time High in Second Quarter
2014-08-23
The Associated Builders and Contractors (ABC) announced that its Construction Backlog Indicator (CBI) reached an all-time high in the second quarter of 2014. The CBI improved 5.4 percent following a 2.8 percent decline in the first quarter. It currently stands at 8.5, up 3.6 percent on a year-over-year basis.
