Tags » Construction Recovery
Associated Builders and Contractors (ABC) released its 2011 economic forecast for the U.S. commercial and industrial construction industry. The verdict not so good…”slow progress.”
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“The period of rapid improvement in spending levels did not begin in 2010, and will not happen in 2011,” said ABC Chief Economist Anirban Basu.
Reed Construction Data reported yesterday that building construction in California and the Northeast is up, indicating a “strong recovery” in those regions.
While Californians are surely happy to hear that news, they’ll be less thrilled to hear that the state’s leaders are considering accounting trickery to close their $19 billion budget gap. 11 more words
Is housing recovery starting to take shape? With the construction numbers showing promise in January, optimistic is the word of the day.
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Housing construction posted a better-than-expected increase in January which pushed activity to the highest level in six months.