Michael Latas & Associates
Construction Report - April 2023

Executive Summary

• Construction backlogs decreased in this month vs. last month and last year by 5.4% and up 4.8% respectively
• Total construction backlogs increased from last year with commercial construction growing fastest
• Current backlogs are 8.7 months of work
• The United States gained 236K jobs in March from February while the construction industry lost 9K jobs vs. last month. 
  • The construction industry grew +3.0% vs. the prior year with all sectors employing more people
  • Heavy Civil contractors and grew and are employing 5.8% more people than the prior year
  • Specialty contractors grew and are employing 2.1% more people than the prior year
• All Contractors have more people employed than at this time last year and there are few people left to hire

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