Tag: ABC
Private nonresidential spending increased 0.5 percent, while public nonresidential construction spending was down 0.4 percent in July, a net 0.1 percent gain for total nonresidential construction
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The Associated Builders & Contractors report that the construction industry gained 22,000 jobs in August, with nonresidential construction accounting for 21,000.
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Anirban Basu, chief economist at the Associated Builders & Contractors, anticipates labor scarcity to a headwind in 2023, despite job openings going down.
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The Associated Builders & Contractors’ Anirban Basu says construction materials prices should be reasonably stable in the coming months, but construction equipment prices might be an exception.
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The Associated Builders & Contractors (ABC) looks at June’s construction unemployment data and July’s construction employment numbers.
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Spending on nonresidential construction was up in June, while job openings were down according to Associated Builders & Contractors (ABC).
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The construction industry added 23,000 jobs in June, according to the Associated Builders & Contractors (ABC). ABC also notes that nonresidential construction spending was down 0.2 percent in May.
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Although labor shortages and rising interest rates still pose challenges, economists from several agencies explain that in most areas the industry continues to thrive.
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While the construction industry added jobs in April, the Associated Builders & Contractors’ (ABC) Anirban Basu says signs of a weakening economy are surfacing.
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