Associated Builders and Contractors

Jul 31, 2020

Construction investments shrank by roughly 30% last quarter

While the U.S. domestic gross product in the second quarter dropped to its lowest point since 1947, nonresidential and residential fixed investment contracted by 27% and 38.7%, respectively, the Associated Builders and Contractors (ABC) reported Thursday. “Despite construction‘s status as an essential industry in most cities and states, the sector did not escape the wrath […]

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