--- title: Construction Spending Slips but Remains Ahead of Last Year - Concord LP | Concord Energy Strategies description: It’s glass-half-empty/glass-half-full time in the analysis of May construction spending conducted by the Associated General Contractors of America (AGC). Spending for May was 0.8 percent lower than in April, but spending is up robustly for the first five months of the year, compared to the same period in 2015. And Ken Simonson, the association’s chief […] image: https://www.concordlp.com/hubfs/Imported_Blog_Media/concord-default-featured-image-Mar-19-2024-10-34-37-2736-AM-Mar-19-2024-11-48-56-2853-AM-Mar-19-2024-12-35-30-6865-PM.jpg --- [Home](https://www.concordlp.com/) [/ News](https://www.concordlp.com/news) / Construction Spending Slips but Remains Ahead of Last Year ![](https://www.concordlp.com/hubfs/Blog%20Assets/blog-header-bg.webp) [Construction](https://www.concordlp.com/news/tag/construction) Published: Jul 01, 2016 | Updated: Jul 01, 2016 | 1 min # Construction Spending Slips but Remains Ahead of Last Year Posted By [ Concord ](https://www.concordlp.com/news/author/concord) Share Now [![Share on linkedin](https://www.concordlp.com/hubfs/linkedin-icon.svg) ](http://www.linkedin.com/shareArticle?mini=true&url=https://www.concordlp.com/news/construction-spending-slips-remains-ahead-last-year&utm_medium=social&utm_source=linkedin) [![Share on twitter](https://www.concordlp.com/hubfs/x-icon.svg) ](https://twitter.com/intent/tweet?original_referer={{%20social_link_url%20}}&url={{%20social_link_url%20}}&source=tweetbutton&text={{content.name|striptags}) [![Share on facebook](https://www.concordlp.com/hubfs/facebook-icon.svg) ](http://www.facebook.com/share.php?u=https://www.concordlp.com/news/construction-spending-slips-remains-ahead-last-year&utm_medium=social&utm_source=facebook) ![link-icon](https://www.concordlp.com/hubfs/link-icon.svg) It’s glass-half-empty/glass-half-full time in the analysis of May construction spending conducted by the Associated General Contractors of America (AGC). Spending for May was 0.8 percent lower than in April, but spending is up robustly for the first five months of the year, compared to the same period in 2015. And Ken Simonson, the association’s chief economist, observed that in light of previous upward revisions of March and April spending, the optimistic interpretations makes more sense. “It appears there will be plenty of activity in the remainder of 2016—if contractors can find the workers they need,” Simonson said. For more information, [visit the following link](https://www.agc.org/news/2016/07/01/construction-spending-slips-may-rises-first-five-months-2016-robust-year-date). ***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](mailto:dennis@concordlp.com), and find out what Concord can do.*** Related Articles ![](https://www.concordlp.com/images/Related%20article%20image.png) Jul 16, 2025 179D Extended! 2017 Projects Now Eligible ## Related **articles** ![](https://www.concordlp.com/hs-fs/hubfs/Imported_Blog_Media/concord-default-featured-image-Mar-19-2024-10-31-16-1584-AM-Mar-19-2024-11-45-37-5807-AM-Mar-19-2024-12-32-05-0430-PM.jpg?width=800&height=500&name=concord-default-featured-image-Mar-19-2024-10-31-16-1584-AM-Mar-19-2024-11-45-37-5807-AM-Mar-19-2024-12-32-05-0430-PM.jpg) [Construction](https://www.concordlp.com/news/tag/construction) Aug 01, 2016 ### Construction Spending Declines [Explore resource](https://www.concordlp.com/news/construction-spending-declines) ![](https://www.concordlp.com/hs-fs/hubfs/Imported_Blog_Media/concord-default-featured-image-Mar-19-2024-10-31-16-1584-AM-Mar-19-2024-11-45-37-5807-AM-Mar-19-2024-12-32-05-0430-PM.jpg?width=800&height=500&name=concord-default-featured-image-Mar-19-2024-10-31-16-1584-AM-Mar-19-2024-11-45-37-5807-AM-Mar-19-2024-12-32-05-0430-PM.jpg) [AIA](https://www.concordlp.com/news/tag/aia) Jul 26, 2016 ### AIA Sees Steady, but Moderating, Path Ahead for Construction [Explore resource](https://www.concordlp.com/news/aia-sees-steady-moderating-path-ahead-construction) ![](https://www.concordlp.com/hs-fs/hubfs/Imported_Blog_Media/concord-default-featured-image-Mar-19-2024-10-34-37-2736-AM-Mar-19-2024-11-48-56-2853-AM-Mar-19-2024-12-35-30-6865-PM.jpg?width=800&height=500&name=concord-default-featured-image-Mar-19-2024-10-34-37-2736-AM-Mar-19-2024-11-48-56-2853-AM-Mar-19-2024-12-35-30-6865-PM.jpg) [Construction](https://www.concordlp.com/news/tag/construction) Jul 08, 2016 ### Construction Employment Hits Doldrums Early [Explore resource](https://www.concordlp.com/news/construction-employment-hits-doldrums-early) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Concord", "url" : "https://www.concordlp.com/news/author/concord" }, "dateModified" : "2024-03-19T12:36:56.892Z", "datePublished" : "2016-07-01T04:00:00.000Z", "headline" : "Construction Spending Slips but Remains Ahead of Last Year - Concord LP | Concord Energy Strategies", "image" : [ "https://www.concordlp.com/hubfs/Imported_Blog_Media/concord-default-featured-image-Mar-19-2024-10-34-37-2736-AM-Mar-19-2024-11-48-56-2853-AM-Mar-19-2024-12-35-30-6865-PM.jpg" ], "mainEntityOfPage" : { "@id" : "https://www.concordlp.com/news/construction-spending-slips-remains-ahead-last-year", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.concordlp.com/hubfs/concord-logo.svg" } } } ```