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FeedISER Research Matters 57 - Alaska's Construction Spending: 2012 Forecast
February 2, 2012
The total value of construction spending statewide in 2012 will be $7.7 billion, up 3% from the level in 2011. That’s according to the 2012 Alaska construction spending forecast, prepared by Scott Goldsmith and Mary Killorin of ISER for the Construction Industry Progress Fund and the Associated General Contractors of Alaska. Other highlights of the forecast include:
• Private spending for construction will be up, with increased spending in the utility, mining, health, and oil and gas sectors.
• Large state capital grants will offset a decline in federal construction spending.
• Spending for traditional government purposes will be down somewhat, especially spending for national defense, but spending for highways, airports, and ports will be up because of increased state capital grants.
The total value of construction spending statewide in 2012 will be $7.7 billion, up 3% from the level in 2011. That’s according to the 2012 Alaska construction spending forecast, prepared by Scott Goldsmith and Mary Killorin of ISER for the Construction Industry Progress Fund and the Associated General Contractors of Alaska. Other highlights of the forecast include:
• Private spending for construction will be up, with increased spending in the utility, mining, health, and oil and gas sectors.
• Large state capital grants will offset a decline in federal construction spending.
• Spending for traditional government purposes will be down somewhat, especially spending for national defense, but spending for highways, airports, and ports will be up because of increased state capital grants.
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