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dc.contributor.authorKillorin, Mary
dc.contributor.authorGoldsmith, Scott
dc.date.accessioned2021-08-19T00:52:56Z
dc.date.available2021-08-19T00:52:56Z
dc.date.issued2008
dc.identifier.urihttp://hdl.handle.net/11122/12201
dc.description.abstractTotal construction spending “on the street” in Alaska in 2008 will be $7.01 billion, down 2% from last year. Excluding the oil and gas sector—which accounts for 41% of the total—construction spending will be down for the second year in a row, falling 6% to $4.12 billion. Last year it declined 3%. Lower construction spending, combined with higher material and labor costs, will result in a modest reduction in the level of construction employment in 2008. Although this will be the second year of decline in construction employment, it remains well above the long-term trend. Construction costs continue to rise faster than the general rate of inflation—and that trend is expected to continue, further reducing the purchasing power of each construction dollar. Private-sector construction spending is projected to be $4.64 billion in 2008, an increase of 2% over 2007. Strong growth is expected in oil and gas, mining, utilities, and the other basic sectors.en_US
dc.description.sponsorshipAssociated General Contractors of Alaska; Construction Industry Progress Funden_US
dc.language.isoen_USen_US
dc.publisherInstitute of Social and Economic Research, University of Alaska.en_US
dc.subjectoil and gas sectoren_US
dc.subjectconstruction employmenten_US
dc.subjectmaterial and labor costsen_US
dc.subjectprivate sectoren_US
dc.subjectlong-term trenden_US
dc.subjectinflationen_US
dc.title2008 Alaska's Construction Spending Forecasten_US
dc.title.alternativeFifth Annual Report for the Construction Industry Progress Fund and the Associated General Contractors of Alaskaen_US
dc.typeReporten_US
refterms.dateFOA2021-08-19T00:52:56Z


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