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Tag: Anirban Basu

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ABC: Nonresidential spending up in November

January 3, 2023By

Spending was up on a monthly basis in nine of the 16 nonresidential subcategories according to the Associated Builders & Contractors (ABC).

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Companies can prepare for a tougher economic environment in 2023 by tracking cash flow closely, investing selectively and hiring prudently. Photo: AUDINDesign/iStock / Getty Images Plus/Getty Images

Clouds gathering, turbulence growing for 2023

December 2, 2022By

Less robust activity in housing, retail and manufacturing will put downward pressure on growth and contribute to a deceleration in profits.

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ABC: Construction job openings down in October

November 30, 2022By

The Associated Builders & Contractors (ABC) says construction job openings dropped by 52,000 positions in October and 21,000 positions from a year ago.

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ABC: Construction employment up in October

November 7, 2022By

The construction industry added 1,000 jobs in October, according to the Associated Builders & Contractors (ABC).

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ABC: Construction employment up in September

October 10, 2022By

The Associated Builders & Contractors (ABC) says the construction industry gained 19,000 jobs in September, with nonresidential construction adding 13,100.

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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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Photo: P&Q Staff

Inflation’s impact on construction sectors

September 21, 2022By and

Nonresidential, residential and nonbuilding construction are all seeing different responses to stubborn inflation and rising interest rates.

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Photo: P&Q Staff

Skills shortages hindering construction workforce

September 14, 2022By and

While workforces in industries like hotels and restaurants are facing worker shortages as a whole, the construction industry’s workforce is lacking skilled labor specifically, according to Anirban Basu.

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