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Tag: ABC

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ABC: Nonresidential construction spending dips in August

October 3, 2022By

The Associated Builders & Contractors (ABC) says nonresidential construction spending totaled $859.3 billion for the month.

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While rising interest rates are driving single-family construction into a recession, multifamily is thriving due to houses becoming more expensive. Photo: william87/iStock / Getty Images Plus /Getty Images

Basu: Economic uncertainty to continue into 2023

September 28, 2022By

While Anirban Basu does not believe the U.S. is in a recession, the Associated Builders & Contractors’ chief economist says one is coming in 2023.

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ABC: Construction backlog steady, confidence up in August

September 14, 2022By

The Associated Builders & Contractors’ (ABC) Construction Backlog Indicator saw no change in August, while the Construction Confidence Index grew.

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Photo: P&Q Staff

Economic risks potentially present in 2023

September 7, 2022By and

After a year of growth in 2022, Anirban Basu with the Associated Builders & Contractors says 2023 poses a number of threats to that growth.

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Photo: P&Q Staff

Inflation’s peak still poses problems

September 6, 2022By and

While there is a chance the U.S. has reached peak inflation, Anirban Basu, chief economist for the Associated Builders & Contractors, is unsure when prices will start to come down.

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Emphasizing suicide prevention among construction workers

September 1, 2022By

With September being Suicide Prevention Month, the Associated Builders & Contractors is promoting mental health among construction workers.

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Photo: P&Q Staff

Forecasting future construction challenges

August 24, 2022By

As the U.S. enters a technical recession, the nation’s long-term construction outlook is positive yet entails a number of headwinds. Anirban Basu of the Associated Builders & Contractors explains.

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ABC: Construction input prices down in July, up from 2021

August 11, 2022By

Associated Builders & Contractors (ABC) says construction input prices are down 1.8 percent from June to July, but are up 17.4 compared to July 2021.

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The combination of long hours and shift work can result in a tired or fatigued workforce. Photo: Nalinee Supapornpasupad/IStock / Getty Images Plus/Getty Images

ABC: Construction job openings, unemployment down in June

August 3, 2022By

Construction job openings decreased by 71,000 jobs from May to June, while industry unemployment dropped 3.8 percent from June 2021.

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