More Articles for Associated Builders and Contractors Chief Economist Anirban Basu
Residential construction positioned for expansion, nonresidential will ‘limp along’
The Associated Builders and Contractors (ABC) reports that nonresidential construction spending fell 3.3 percent in January, with outlays decreasing to a seasonally adjusted annual rate of $572.1 billion, citing a March 1 report by the U.S. Census Bureau.
Year over year, ... Read More...
‘Unexpected good news:’ Nonresidential construction spending up 1.6 percent
An Oct. 3 report by the U.S. Census Bureau shows that nonresidential construction spending, which includes both privately and publicly financed construction, was $553.1 billion in August, up 1.6 percent for the month and 0.1 percent higher from one year ... Read More...
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