Tag: GDP

  • Growth Forecast for Nonresidential Building Starts in 2022

    The Southern region has seen an influx of residents in the past two years and many states are on the road to recovering from the impacts of the COVID-19 pandemic. However, labor shortages continue to plague much of the region and could continue to affect recovery in the months to come. Still, experts say the…

  • ABC: Nonresidential Economic Performance “a Tale of Two Sectors”

    Improved performance of the U.S. economy during the third quarter of 2016 gave way to a weaker period of growth in the fourth, according to analysis of U.S. Bureau of Economic Analysis data by Associated Builders and Contractors (ABC). Real gross domestic product (GDP) expanded 1.9 percent on a seasonally adjusted annualized rate during the…

  • What the New GDP Numbers Mean for Construction

    Real gross domestic product (GDP) expanded 2.9 percent on a seasonally adjusted annualized rate during the third quarter of 2016, according to analysis of Bureau of Economic Analysis (BEA) data by Associated Builders and Contractors (ABC). This follows a 1.4-percent increase during the second quarter and represents the tenth consecutive quarter of economic expansion.

  • Is Tepid GDP Growth a Sign For Future Construction Spending?

    Real gross domestic product (GDP) grew at a notably low rate in the fourth quarter of 2015. GDP expanded by just 0.7 percent (seasonally adjusted annual rate) during the last three months of the year, according to analysis report of Bureau of Economic Analysis data released by Associated Builders and Contractors (ABC).