Tags: ABC Chief Economist Anirban Basu
Economist: U.S. economy and nonresidential construction sector in a ‘holding pattern’
Despite a 0.9-percent drop in construction spending in July — including both residential and non-residential building — spending is up 9.3 percent year-over-year, according to the Associated Builders and Contractors (ABC) report, citing the U.S. Census Bureau’s Sept. 4 numbers.
Non-residential construction spending ... Read More...
Construction backlogs decline in Q1
Associated Builders and Contractors (ABC) in mid-May released its Construction Backlog Indicator (CBI) for the first quarter of 2012.
According to the report, “CBI declined 5.4 percent from the previous quarter, dipping from 7.8 months to 7.4 months, but is slightly ... Read More...
Construction unemployment up 16 percent
Construction unemployment jumped 16 percent in December, according to a Jan. 6 report from the Associated Builders and Contractors (ABC).
However, ABC Chief Economist Anirban Basu says this rise in unemployment shouldn’t cause too much alarm.
"The increase in construction ... Read More...
Construction materials prices: Down 0.2% for quarter, 8.1% higher year ago
The Associated Builders and Contractors (ABC) reports that while the nation’s wholesale prices increased for the first time in five months, construction materials prices were unchanged in September, according to the Oct. 18 Producer Price Index (PPI) report by the ... Read More...
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