Is construction gaining or waning? That was the question industry economists addressed recently in a spring economic forecast webinar hosted by CMD Group.
In terms of the overall U.S. economy, American Institute of Architects (AIA) chief economist Kermit Baker said that despite a weak first quarter, gross domestic product gains are expected to be 1.5 to 2.5 percent for the next several quarters, helped by a strong jobs market.
The construction industry has had a positive hand in the big picture. “The construction sector is back in growth mode and really one of the healthiest sectors in our economy overall,” Baker said.
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