“The slowdown in investment in structures is associated with the soft patch of economic growth that characterized much of last year.” —ABC Chief Economist Anirban Basu.
Nonresidential fixed investment increased 1.7 percent in the fourth quarter of 2011 following a revised […]
Tag: nonresidential construction
Nonresidential Construction Spending Increases 0.9 Percent in November
“November’s nonresidential construction performance was solid and the increase in spending encompassed both private and public construction.” —ABC Chief Economist Anirban Basu.
Total nonresidential construction spending increased 0.9 percent in November to a seasonally adjusted annual rate of $555.7 billion, according […]
ABC Reports: Construction Industry Loses 12,000 Jobs in November
“Because construction is a lagging indicator, construction activity needs to increase before we see the industry’s unemployment rate begin to decrease.” —ABC Chief Economist Anirban Basu.
The nation’s construction industry lost jobs for a second straight month, shedding 12,000 jobs in […]
ABC Reports: Nonresidential Construction Spending Slips 0.2 Percent in October
“Construction volume may slip for several months before stabilizing and beginning a sustained recovery in earnest.” —ABC Chief Economist Anirban Basu.
Despite a slight increase in total construction spending, nonresidential construction spending fell 0.2 percent in October to a seasonally adjusted […]
ABC Predicts 2012 Will Be A Slow Year for Construction
Associated Builders and Contractors (ABC) today released its 2012 economic forecast for the U.S. commercial and industrial construction industry. “ABC’s analysis of construction trends indicates 2012 will be a year of gradual progress as advances in private construction are partially […]