Growth signals and construction industry trends to watch in 2024

While the backlog of construction projects has begun to ease, builders and contractors continue to expect the industry to grow over the next six months.
Associated Builders and Contractors surveyed its members in late February/early March and reported a Construction Backlog Indicator of 8.1 months in February, a decrease of 1.1 months from February 2023. Meanwhile, its Construction Confidence Index began to dip, but still showed expectations for growth in sales, profit margins and staffing level