Federal Reserve needs to start cutting interest rates, but that won't happen "until some point next year,” economist Anirban Basu told an industry webinar on July 26,
Inflation, rising interest rates and a skilled labor shortage continue as negative economic factors heading into the second quarter, said Anirban Basu, chief economist at the Associated Builders and Contractors.
US Commerce Secretary Gina Raimondo says as federal financial incentives for semiconductor production become available, project workers are in short supply, but builders say credits don't fully support their development