Construction Spending Declines
August 1, 2016
Construction spending in June was down for the third consecutive month, although the year-to-date total remains higher than the same six months in 2015, according to an analysis by the Associated General Contractors of America (AGC).
Association officials suspect that the decline is more likely to reflect a strong start to the year, sparked by the mild winter weather, than weakness in demand.
“The drop in construction spending over the past three months is probably more a reflection of the very strong gains posted early in the year than of cooling demand for construction,” said Ken Simonson, the association’s chief economist. “Nearly every major segment had first-half gains of more than five percent compared with a year ago. Contractors, surveys and the media all continue to report plenty of projects are starting or will soon.”
For more information, visit the following link.
In any economic climate, incorporating energy-efficient designs in your projects can earn the Section 179D deduction (up to $1.80 per square foot). As the country’s leading specialist in this deduction, Concord has the experience, knowledge and capacity to handle any project, at every step of the way. Contact us at 888-897-5445 or via the following link, and find out what Concord can do.