Latest Economic Update from ABC

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By Jerry Davis, CPA - The Association of Builders and Contractors (ABC) has released an economic update for the construction industry.  Here are some of the highlights:

  • Private nonresidential construction spending inched down in August
  • Spending on private residential construction was 13 percent higher than the level of construction recorded in August 2007
  • Public nonresidential construction was 7.7 percent higher than the level recorded in August 2007
  • Residential private construction increased slightly from July 2008 to August 2008, but is still down 28.4 percent from August 2007
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