Group projects construction spending growth
Group projects construction spending growth
Associated Builders and Contractors (ABC) projects nonresidential construction spending to grow 2.4 percent in 2012 following an anticipated 2.4 percent decrease in 2011, according to its 2012 economic forecast released today. The Construction Backlog Indicator is expected to remain around eight months. A backlog of eight months or more is statistically associated with future construction spending increases. ABC forecasts that the first half of 2012 will be challenging. For more information, click here.
Associated Builders and Contractors (ABC) projects nonresidential construction spending to grow 2.4 percent in 2012 following an anticipated 2.4 percent decrease in 2011, according to its 2012 economic forecast released today.
The Construction Backlog Indicator is expected to remain around eight months. A backlog of eight months or more is statistically associated with future construction spending increases. ABC forecasts that the first half of 2012 will be challenging.
For more information, click here.
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