Contractors’ backlog jumped in September as profit outlook fell

Construction contractors saw their project backlogs grow in September, but rising costs are squeezing profit margins and dimming sales outlooks across the industry. The combination of high material and labor expenses is forcing firms to reassess profitability on both current and future work.

High construction costs are taking a toll on sales and margin expectations, according to Associated Builders and Contractors.

This story was originally published by Construction Dive.