Article from Joe Natarelli, national leader of the Construction Services Practice group, and Anirban Basu, chief construction economist, appeared in the July/August issue of Construction Accounting & Taxation.
Construction Accounting & Taxation
By Joseph Natarelli, National Construction Industry Group Leader and Anirban Basu, Chief Construction Economist
Partially lost amidst all the discussion of Brexit and volatile financial markets is evidence that the U.S. economy continues to expand. Construction remains one of the economy’s busier segments, with many contractors continuing to report lengthy backlog and steady to expanding profit margins.
Construction Volumes Plateau at High Level: Not only have spending reports indicated a lack of positive momentum, but recent employment data also suggest that nonresidential construction activity has plateaued.