ABC New Hampshire & Vermont News

Construction Backlog Remains Strong

The construction backlog in our region remains relatively strong compared to other parts of the country. In New Hampshire it is even stronger, being led by a strong demand for commercial and industrial construction. Though backlog is down, it remains higher than quarterly reports from earlier this year.

Despite the recent, albeit brief, losing streak, backlog levels remain consistent with healthy construction activity over the near-term. Contractors collectively expect rising sales to continue and are planning to add to staffing levels, though their exuberance has been somewhat tempered in recent months. If the U.S. economy continues to soften, including in the nation’s manufacturing industry, contractor confidence levels will likely continue to subside along with backlog. Yet, for now, the nation’s nonresidential construction segment remains busy.

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