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Construction Spending Continues Rise

Posted by Concord
Construction Spending Continues Rise

Construction spending in September rose to $1.094 trillion at a seasonally adjusted annual rate, the highest level since March 2008 — and the highest rate of increase since 2006, according to an analysis by the Associated General Contractors of America (AGC).

The one cloud in this sunny sky is a decline of 0.1 percent in nonresidential construction from August — although spending in that sector remains 14.9 percent higher than a year earlier.

AGC officials attributed the drop to difficulties in finding qualified workers, which has constrained the amount of works firms were able to take on.

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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.