WASHINGTON, D.C. – Associated Builders and Contractors forecasts a continued steady economic recovery for the U.S. commercial and industrial construction industries in 2016. Despite a weak global economy, the industry’s solid economic recovery in 2015 should continue in 2016, led by strong consumer spending. “As the mid-phase of the economic recovery continues, ABC forecasts growth in nonresidential construction spending of 7.4 percent along with growth in employment and backlog,” said ABC Chief Economist Anirban Basu. “The mid-phase of the recovery is typically the lengthiest part and ultimately gives way to the late phase, when the economy overheats. The current recovery … Read more