The final construction numbers for 2012 aren’t all tabulated yet, but the Associated Builders and Contractors Inc. (ABC) is making predictions about what some sectors of the construction market will look like in 2013. Nonresidential construction is predicted to expand by 5.2 percent next year according to Anirban Basu, chief economist for ABC.
“Given the remarkably deep reductions in nonresidential construction spending since the onset of the downturn, one would expect more robust growth during the fourth year of broader economic recovery,” he said in an early December release.