Sept. construction spending up; outlook mixed

Oct 31, 2013 | 09:35 AM | Samuel Frizell

Tags  construction, steel, Kenneth Simonson, Associated General Contractors of America, AGC, Architectural Billings Index, ABI, construction employment Samuel Frizell

NEW YORK — Several key indicators suggest continued growth in residential housing construction, but relative uncertainty in nonresidential and public construction won’t help steelmakers as they await an improved building market.

Kenneth D. Simonson, chief economist of the Associated General Contractors of America (AGC), forecasts growth of 6 to 10 percent in overall construction spending next year compared with this year, but with weaker figures in public spending and nonresidential construction.....

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