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Construction scores a hat trick: Starts, jobs, backlog all rise

September 21, 2020

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Nevertheless, the good news came with a dose of caution: “While there are reasons to believe that the months ahead will present challenges for nonresidential construction — including tighter credit conditions, weak state and local government finances and elevated commercial vacancy rates — the August data provided a much-needed respite from gloom and doom,” said Anirban Basu, chief economist at ABC in a statement.

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