Associated Builders and Contractors reported today that the Construction Backlog Indicator reached an all-time high in the second quarter of 2014.
According to ABC’s website, the CBI is a national economic indicator that reflects the amount of work that will be performed by commercial and industrial contractors in the months ahead. CBI improved 5.4 percent following a 2.8 percent decline in the first quarter and stands at 8.5 – up 3.6 percent on a year-over-year basis.
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As we know, this proves fruitful for the Greater Lehigh Valley as construction continues through various parts of the region, with no signs of stopping.
We’ve got work going on in the West Hills Business Center, a group of five light industrial buildings in western Lehigh County near the Berks border; multiple warehouses and a massive retail shopping center coming to Lower Macungie Township, plus the continuing growth of office and retail in Downtown Allentown, not to mention the residential units moving ahead in Downtown Easton and Bethlehem Township, the FedEx distribution hub in Allen Township and the yet-to-come tech, residential, office, manufacturing and retail projects on the way as a result of the Bethlehem City Revitalization and Improvement Zone.
It’s looking like strong growth in construction projects this year, and the years ahead.