Tag: Anirban Basu

Both crushed stone and sand and gravel production were up in the second quarter of 2021, the U.S. Geological Survey reports. Photo: Portable Plants Staff

ABC: Manufacturing activity continues to drive nonresidential growth

December 4, 2023By Marie Emerick

While manufacturing construction provided a boost in October, Anirban Basu, chief economist with the Associated Builders & Contractors (ABC) says commercial construction dipped sharply in the month. Read more»

Moody’s Analytics believes the Fed will start to lower interest rates around June 2024, and it will continue to until the Federal Funds Rate reaches 2.75 percent by the fourth quarter of 2026 and 2.5 percent in 2027. Photo: Darren415/iStock / Getty Images Plus/Getty Images

Navigating tricky economic terrain

December 1, 2023By Phillip M. Perry

High interest rates and slower economic growth will put increasing pressure on construction and manufacturing in 2024. Read more»

The latest on nonresidential spending, construction job openings

November 2, 2023By Jack Kopanski

The Associated Builders & Contractors reports that nonresidential construction spending was up 0.3 percent and job openings were up by 56,000 in September. Read more»

Construction employment up in September; industry headwinds remain

October 10, 2023By Jack Kopanski

The Associated Builders & Contractors report that construction employment in September was up by 217,000 jobs year over year and up 11,000 jobs from a month earlier. Read more»

Quarry Management coveted a pit portable spread for the first phase of operation as it opens up a quarry footprint. Photo by Kevin Yanik

Nonresidential spending up, construction job openings down in August

October 3, 2023By Jack Kopanski

The Associated Builders & Contractors report that nonresidential construction spending was up 0.4 percent in August, while industry job openings were down by 3,000 in the month. Read more»

Nonresidential construction spending sees minimal growth in July

September 5, 2023By Jack Kopanski

Private nonresidential spending increased 0.5 percent, while public nonresidential construction spending was down 0.4 percent in July, a net 0.1 percent gain for total nonresidential construction Read more»

Construction employment gains driven by nonresidential growth

September 1, 2023By Jack Kopanski

The Associated Builders & Contractors report that the construction industry gained 22,000 jobs in August, with nonresidential construction accounting for 21,000. Read more»

Construction job openings down, labor scarcity remains

August 29, 2023By Jack Kopanski

Anirban Basu, chief economist at the Associated Builders & Contractors, anticipates labor scarcity to a headwind in 2023, despite job openings going down. Read more»

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Tag: Anirban Basu