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Presidential election, mixed economic outlook to affect builders in the new year

from Construction Dive

Last week, corporate leaders and business owners breathed a collective sigh of relief as 2019 ended with no sign of the economic slowdown that was predicted to hit the U.S. last year. As 2020 begins, the new year looks strong for the commercial building industry, according to Anirban Basu, chief economist of the Associated Builders and Contractors. He told attendees listening to the association's December economic forecast webinar that the sector's strong average backlog — nine months as of August — "seems consistent with the notion that America's economic expansion, now in its 11th year, is not on the verge of ending anytime soon." more

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