Tag: Anirban Basu
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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The Associated Builders & Contractors’ (ABC) Construction Backlog Indicator saw no change in August, while the Construction Confidence Index grew.
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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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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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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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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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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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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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The U.S. economy contracted last quarter, and nonresidential spending is down in 10 of the last 11 quarters.
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