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Views differ on health of Carolinas’ construction industry (access required)

By Tara Ramsey At least one economist sees the commercial construction industry in the Carolinas as recovering. But many industry experts have a different view for the industry they see as just now hitting bottom. Anirban Basu, chief economist for Arlington, Va.-based Associated Builders and Contractors, analyzed the economy last week for the Carolinas Construction Conference in Wilmington. The construction industry in North and South Carolina is in a “recovering” mode, he said. Among other things, Basu cited publicly financed construction activity stemming from the federal stimulus package approved in February 2009.

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