Rising interest rates and ongoing political fights in Washington haven’t dampened the mood of Associated Builders and Contractors members, according to the group's latest survey.
“As the economic recovery enters its fifth year, nonresidential construction prospects continue to brighten,” said ABC’s chief economist, Anirban Basu. “A variety of industries ranging from professional and health services to leisure and retail continue to add jobs, and vacancy rates in many product categories throughout the country are falling, creating new opportunities for developers and their contractors.”