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Home » Topic » Business » Economy

New Construction Takes a Backseat to Reconstruction

by Kermit Baker | Dec 4, 2024
Business | Economy | Features | Markets

Following a gangbuster year in 2023, spending on the construction of nonresidential buildings is estimated to slow to a more modest pace of growth of just over 7% this year. Next year, gains in spending [...]

Construction Futures: November 2024 Economic Roundup

by Construction Executive | Nov 22, 2024
Business | Construction Futures | Economy

Slipping backlog, natural disasters and a new administration add up to equal uncertainty for the construction sector heading into 2025.

Energy Prices Drive Construction Materials Costs 0.3% Higher in October

by ABC | Nov 19, 2024
Business | Economy

High energy prices are driving a slight surge in construction materials prices, but overall numbers remain lower than they were this time last year.

ABC’s Construction Backlog Indicator Slips in October, Contractor Confidence Remains Elevated

by ABC | Nov 15, 2024
Business | Economy

Backlog is down in October, but don't be fooled—this dip is consistent with October 2023, and contractors remain confident.

September Construction Job Openings, Distorted by Storms, Decrease by 40,000

by ABC | Oct 31, 2024
Business | Business Risk | Economy | Risk | Risk Management | Workforce

There is more than meets the eye, especially when it comes to construction job openings for September.

Construction Futures: October 2024 Economic Roundup

by Construction Executive | Oct 25, 2024
Business | Construction Futures | Economy

Upticks abound for the construction industry in October. This month's growth in industry employment and decline in materials prices boosts backlog confidence.

Construction Input Prices Down 0.9% in September

by ABC | Oct 18, 2024
Business | Economy | Finance

Large decrease in oil prices contributes to decrease in overall input prices for September.

Basu Still Betting on Recession: CE’s 2024 Q3 Construction Economic Update and Forecast Summary

by Grace Calengor | Oct 11, 2024
Business | Economy

"I have been so surprised that the economy performed this well," ABC Chief Economist Anirban Basu admitted in the recent Q3 Construction Economic Update and Forecast webinar—but he is not a full-fledged optimist yet.
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