Construction Financial Management Association (CFMA) has posted updated construction financial indicators for activity through March 2013. CFMA tracks the big five construction indicators from sources such as McGraw Hill, FMI Management and Consulting, American Institute of Architects (AIA) and Associated Builders and Contractors (ABC). A summary of the updated industry indicators is as follows:
CFMA Confindex - Increase of 15 points to 129 - A number of macroeconomic indicators suggest that despite US Economic growth, construction growth is firming.
Architectural Billing index - Increase of 12 point to 64.8 - With increasing demand for design services the ABI continues to strengthen.
FMI Construction Outlook Report - Holding steady at 8% growth for 2013 - Although the strength of individual markets is shifting, the forecast for total construction put-in-place for 2013 continues to show an increase of 8% over 2012 levels.
McGraw-Hill Construction Industry Confidence index - 64% in Fourth Quarter of 2012 - For the first time since 2008, signs suggest the the market is gradually recovering.
ABC Backlog indicator - Increase of 3.5% since November 2012 - ABC continues to report strengthening in its backlog indicator report.