Views differ on health of Carolinas’ construction industry

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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