Archive for economy SmartBlogs

Three economists offer their outlook on construction activity and construction spending for the rest of this year, and beyond.

Bernard Markstein, chief economist at Reed Construction Data, Ken Simonson, chief economist at the Associated General Contractors of America and Kermit Baker, chief economist at the American Institute of Architects were the featured speakers at the April 17 webinar “2014: Emerging Opportunities for Construction.” They each mapped out what they’ve seen this year and where they think the AEC industry is headed.[…] Continue Reading »

As it has historically in lean economic times, pasta came to the rescue for many families during the recession, when tighter budgets brought tougher choices at grocery stores and restaurants. The economy, coupled with consumer leanings towards healthy options and ethnic foods, have shaped pasta trends in both restaurants and on grocery store shelves.

Pasta can run the gamut from indulgent mac and cheese to healthy whole wheat penne, and the pantry staple proved an essential part of recession-era meal planning, but now there are signs that the recovery may have some U.S.[…] Continue Reading »

The construction sector was booming in the mid-to late-2000s, and then the Great Recession grabbed hold and the industry changed overnight. Layoffs were rampant; dozens of mega-construction projects stalled; half-built buildings dotted the country. But, after a few years, a slow, but increasingly steady — or at least somewhat optimistic — outlook started to take hold.

Housing starts were increasing rapidly, and passage of the transportation bill, or MAP-21, put roadwork back on the map.[…] Continue Reading »

As Barack Obama begins his second term as the 44th president of the United States, the economy is better than it was in January 2009 at the start of his first term. But what is the state of the U.S. economy? And how might it look in the future? This post looks at some of the key economic and demographic indicators by location.[…] Continue Reading »

Six years of recession in the U.S. has cut a $1.2 trillion-a-year construction industry into one that is worth about $800 billion a year. It also chopped more than 2 million jobs from the industry, according to data from the Associated General Contractors of America. However, a survey by AGC and co-sponsored by Computer Guidance leads AGC to look at 2013 as a potential turning point with tentative signs of recovery.[…] Continue Reading »