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Economy

Taking a Look at the Prospects for the 2021 Economy

by Bruce Yandle, Dean Emeritus, College of Business & Behavioral Science, Clemson University on November 30, 2020

The arrival of December often signals a time to take a hard look at the closing year’s activity, consider key events and issues, and offer thoughts on the prospects for the year ahead.  But this year writing this sentence is a lot easier than following through. Indeed, the year now ending, beset as it was…

Topics: Featured
Bruce Yandle, Clemson University, Construction Economy, Construction Industry Forecast, Economy

The Conference Board Leading Economic Index® (LEI) for the U.S. Increased in July

by The Conference Board on August 20, 2020

 The Conference Board Leading Economic Index® (LEI) for the U.S. increased 1.4 percent in July to 104.4 (2016 = 100), following a 3.0 percent increase in June and a 3.1 percent increase in May. “The US LEI increased for the third consecutive month in July, albeit at a slower pace than the sharp increases in the previous two…

Topics: Business
Economy

U.S. Economic Growth Expectations Largely Unchanged as Lockdown Restrictions Ease

by Fannie Mae on June 16, 2020

Despite substantial revisions to the components constituting real GDP, headline growth expectations on a quarterly and full-year basis were only slightly changed compared to last month, according to the latest commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group now expects second quarter 2020 real GDP to fall 37.0 percent annualized, compared…

Topics: Business
Economy

ABC’s Construction Backlog Indicator Inches Higher in May; Contractor Confidence Continues to Rebound

by ABC on June 9, 2020

WASHINGTON, June 9—Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to 7.9 months in May, an increase of less than 0.1 months from April’s reading. Furthermore, based on an ABC member survey conducted May 20-June 3, results indicate that confidence among U.S. construction industry leaders continued to rebound from the historically low…

Topics: Uncategorized
ABC, Construction Backlog Indicator, Economy

ABC’s Construction Backlog Indicator Rebounds in January

by ABC on March 17, 2020

WASHINGTON, March 17, 2020 — Associated Builders and Contractors reported today that its Construction Backlog rose to 8.9 months in January 2020, a 5.9% increase from December’s reading. Backlog for firms with less than $30 million in revenues expanded by nearly 20% after declining sharply in December.   “This represents yet another reminder that nonresidential construction and…

Topics: Business, Contracting
ABC, Construction Backlog Indicator, Economy

2020 CIRT Sentiment Index: First Quarter Report

by FMI Corporation on February 19, 2020

FMI Corporation, the leading provider of consulting and investment banking services to the Built Environment, is pleased to announce the release of the first quarter 2020 CIRT Sentiment Index. The CIRT Sentiment Index is a survey, conducted quarterly by FMI, of members of the Construction Industry Round Table. The CIRT is composed exclusively of approximately…

Topics: Business, Markets
Construction, Economy

ABC’s Construction Backlog Indicator Falls to Close 2019

by Associated Builders and Contractors on February 18, 2020

WASHINGTON, Feb. 18, 2020 — Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.4 months in December 2019, a 4.2% decline from November’s reading. This appeared to be due primarily to seasonal factors.  “December’s nonresidential construction backlog fell to the reading’s lowest level since January 2019,” said ABC Chief Economist Anirban Basu. “This…

Topics: Business, Contracting
ABC, Construction Backlog Indicator, Economy

Nonresidential Construction Employment Rises in January, Says ABC

by Associated Builders and Contractors on February 9, 2020

The construction industry added 44,000 net new jobs in January, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 142,000 jobs, an increase of 1.9%. Nonresidential construction employment increased by 23,800 jobs on net in January…

Topics: Business, Contracting
Construction Employment, Economy

Financial Markets 2020: A Brightworth Commentary

by Brightworth on January 20, 2020

Where are financial markets headed in 2020?  If you ask the major Wall Street firms, you will get the same answer you always get.  Most are predicting mid to high single digit gains with a few outliers on both sides, which is pretty much the same story every year.  As we recap 2019 and discuss…

Topics: Business
Economy

ISM® Reports Economic Growth To Continue In 2020

by Institute for Supply Management on December 9, 2019

Economic growth in the United States will continue in 2020, say the nation’s purchasing and supply management executives in the December 2019 Semiannual Economic Forecast. Expectations are for a continuation of the growth that began in mid-2009, as indicated in the monthly ISM® Report On Business®. The manufacturing sector is optimistic about growth in 2020, with revenues expected to increase in…

Topics: Business
Economy, ISM

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What We’re Reading

  • Grace Church plans youth ministries center in downtown Greenville
    Source: Upstate Business Journal Published on May 28, 2025
  • Spartanburg/East Upstate notes: Designs complete for Spartanburg city/county complex
    Source: Upstate Business Journal Published on May 28, 2025
  • Williams Development, True Homes launch 231-home project in Winston-Salem
    Source: Business North Carolina Published on May 27, 2025
  • Turkish company to make $82 million investment in Goldsboro, create 216 jobs
    Source: Business North Carolina Published on May 27, 2025
  • Charlotte lawyers gain key posts at K&L Gates law firm
    Source: Business North Carolina Published on May 27, 2025

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