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Tag: Anirban Basu

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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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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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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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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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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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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Recession on the horizon?

August 31, 2022By and

Anirban Basu, chief economist for the Associated Builders & Contractors, says the U.S. is not currently in a recession but believes it will happen at some point.

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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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