Source: Associated Builders & Contractors, Washington, D.C.
ABC Chief Economist Anirban Basu tells members in his mid-year outlook that the nonresidential construction sector will remain stable for the second half of 2018, yet warns of a potential economic downturn in 2020, owing to a rapid rise in interest rates and materials prices.
Sources: MDU Resources Group, Inc., Bismarck, N.D.; CP staff
MDU Resources has acquired the operations of Molalla Redi-Mix & Rock Products, Inc., a concrete producer in Molalla, Ore., south of Portland. The business joins the Portland Metro office of MDU’s construction materials subsidiary, Knife River Corp., extending its reach in a growing market between Portland and Salem.