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Last updated on Sunday, February 19, 2012, 12:26 pmSouth Still Leading Nation in Commercial Projects Backlog
The Association of Builders and Contractors reports that the Southern region, which includes Arkansas, had a construction backlog of 8.92 months in the fourth quarter, the nation’s highest and up 14.7 percent from a year earlier. The ABC’s Construction Backlog Indicator, released Feb. 14, showed a nationwide backlog of 7.8 months, down 3.2 percent from the third quarter but still up 10.9 percent from the fourth quarter of 2010. The indicator measures the amount of construction work under contract to be completed in the future. A backlog of less than eight months is statistically associated with construction spending declines, while a backlog of more than eight months indicates future spending increases. “The latest CBI numbers indicate a degree of stalling in the recovery... [ MORE ]-
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