Construction Spending Hits Six-Year High
February 2, 2015
Spending on U.S. construction projects is at its highest point since the economic downturn year of 2008, according to the Associated General Contractors of America, reaching $961 billion.
Another encouraging sign: Public construction grew for the first time since 2009.
“For the first time in nearly a decade there was growth in all three major construction segments — public, private nonresidential and residential,” said Ken Simonson, the association’s chief economist. “If the president and Congress can work out a way to pay for long-term investments in our aging infrastructure, there is a good chance this pattern will repeat in 2015.”
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As construction spending grows, so do opportunities to incorporate energy-efficient designs in your projects — and to 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.