Articles Tagged with ''ABC''

Lingering issues and new cost worries pose risks.

Residential and non-residential spending both increased, but concerns regarding interest rates and tariff implications persist.

Prices are expected to rise further as tariffs go into effect.

Firms in the Northeast and South reported the strongest backlogs.

Non-residential spending rose slightly, but experts predict overall spending to continue to decline.

December 2024's number of open construction positions was down 50% from the same time in 2023.

The number of new workers needed to meet construction demand will rise even further in 2026, says ABC, as interest rates are expected to fall.

A mild recession may be on the horizon despite expected interest rate cuts later this year.

While inflation and interest rate hikes have eased, the economy is weakening, according to construction economist Anirban Basu.

Federal Reserve needs to start cutting interest rates, but that won't happen "until some point next year,” economist Anirban Basu told an industry webinar on July 26,