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Tag Archives: Anirban Basu

Contractors get chilled by winter weather

Commercial contractors around the nation continue to struggle to find work, and this year’s terrible weather has not helped them. Nonresidential construction spending declined for the second consecutive month, falling 0.3 percent in January, but is up 6.5 percent over the past year, according to a March 3 release by the U.S. Census Bureau. Spending for the month totaled $578.7 ...

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ABC: Prices for construction materials show volatility

WASHINGTON — Construction materials prices expanded 0.6 percent in January and are up 1.5 percent year over year, according to the Feb. 19 producer price index released by the Department of Labor. More specifically, nonresidential construction materials prices are up 0.5 percent for the month and are 1 percent higher than the same time one year ago. “After a period ...

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Construction materials prices show some volatility

WASHINGTON — Construction materials prices expanded just 0.1 percent in December and are up 1.3 percent year over year, according to a Jan. 15 Producer Price Index released by the Department of Labor. Nonresidential construction materials prices also rose only 0.1 percent for the month and are 1 percent higher than the same time one year ago. “Materials prices continue ...

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More puzzling numbers reported on construction industry

The construction industry has again released statistics that do not seem to quite add up, this time concerning employment. In July, builders recorded a loss of 6,000 jobs in July, according to figures from the U.S. Department of Labor. Yet, construction unemployment fell to 9.1 percent, down from 9.8 percent last month and significant decrease from the 12.3 percent jobless ...

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South sees bump in construction backlog but sector still flat overall

The South is rising again, at least in comparison to construction activity with the rest of the country. Construction contractors looking for jobs should keep their eye on Dixie, says Anirban Basu, the Maryland-based chief economist for the Associated Builders and Contractors, whose Mississippi chapter is headquartered in Pearl and has an office in Gulfport. “The South, which includes a ...

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CONSTRUCTION HIT THE BRAKES AFTER STRONG 2011 START — Dwindling backlog of work explains why quest for contracts is very competitive in Mississippi

A second quarter national construction surge that created an 8-month backlog of work fizzled out by the end of the year, an analysis by the chief economist for the national chapter of Associated Builders and Contractors shows. It’s news that the head of the Mississippi chapter of the Associated Builders and Contractors expected to hear. With competition for contracts as ...

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Construction economist sees strengthened recovery for state

A commercial construction economist has delivered a half-cup of good cheer on Mississippi’s economic prospects for 2012 and predicted the state should return to its pre-Gulf oil spill pace. Anirban Basu, chief economist for the  Associated Builders and Contractors, set 2012 economic growth at 2.4 percent nationally and said he expects regaining momentum lost to the BP oil spill will ...

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Construction economist sees strengthened recovery for state

A commercial construction economist has delivered a half-cup of good cheer on Mississippi’s economic prospects for 2012 and predicted the state should return to its pre-Gulf oil spill pace. Anirban Basu, chief economist for the Associated Builders and Contractors, set 2012 economic growth at 2.4 percent nationally and said he expects regaining momentum lost to the BP oil spill will ...

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It’s the economy

Mississippi’s bankers and lenders can’t seem to get out of each other’s way as state appears to be late in the recession and out Late both coming and going — that’s how economists of the future will detail Mississippi’s experience with the Great Recession. While tardy to settle into the economic slump that beset much of the nation starting in ...

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Basu: Key is ‘stimulus, stimulus, stimulus’

With 2011 less than 60 days away, Mississippi’s builders and contractors must get accustomed to a less-than-inspiring prediction for next year’s business climate: ”Less worse but certainly not terrific.” “Less worse” came as close to actual encouragement as economist Anirban Basu could get in a presentation to several hundred members of the Mississippi Associated Builders and Contractors gathered at the ...

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