ABC: Construction Backlog Expands to 9.5 Months

"The U.S. economy has been humming and contruction backlong is correspondingly elevated," said ABC Chief Economist Anirban Basu. "While there was a period of weakness in backlong in January, those dynamics, whihc may very well be seasonal, are no longer affecting the market. The U.S. economy's strong first quarter appears to have been green-lifhted more construction projects, translating into ongoing and meaningful increases in construction backlong. Read more here.

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