In case you missed them, here’s a quick look at some of the top stories in commercial construction from the past week.
Construction Backlog Bounces Back in Second Quarter of 2012
On August 14, Associated Builders and Contractors (ABC) reported its Construction Backlog Indicator (CBI) rose 4.3 percent in the second quarter of 2012. The latest CBI data suggests that non-residential construction spending and in the overall pace of construction activity will increase going forward.
Cost of Construction Materials Fall for Third Consecutive Month in July
According to figures released on August 14 by the Associated General Contractors of America, the cost of construction materials has declined for the third consecutive month. Construction materials prices declined 0.7 percent in July 2012 and have decreased year-over-year for the first time since 2009. non-residential construction material prices fell by 0.9 percent in July and 1.2 percent for the year.