Builders, contractors predict modest growth for nonresidential construction

screen-shot-2016-12-12-at-3-07-25-pmBy AZRE

Associated Builders and Contractors (ABC) forecasts a slowdown of growth in the U.S. commercial and industrial construction industries in 2017, according to the association’s forecast for next year.

While contractors are vulnerable to rising commodity prices and potential interest rate increases in 2017, the middling consumer-led recovery should still lead to modest growth in construction spending and employment.

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