Overall construction spending in November 2015 slipped by 0.4 percent from October’s level, but still showed a strong growth of 10.5 compared to November 2014, according to an analysis by the Associated General Contractors of America (AGC).
Congress has passed a tax extenders package that renews the Section 179D energy-efficient building deduction for two years — 2015 and 2016. (The 2015 renewal applies retroactively to buildings placed into service since the beginning of this year.)
As their part of the United Nations’ Cop21 climate talks in Paris, the U.S. Green Building Council made a commitment to increase green building it certifies to more than 5 billion square feet (478 million square meters) over the next five years.
Expanding demand and the prospect of new federal highway legislation have spurred construction firms to add 46,000 workers in November — the biggest monthly gain in employment for the sector since January 2014, according to an analysis by the Associated General Contractors of America.